Cyprus News Agency: News in English (PM), 97-07-25

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From: The Cyprus News Agency at <http://www.cyna.org.cy>

CONTENTS

[01] Cyprus Stock Exchange

[02] Clerides, Denktash to meet without advisors

[03] G/C side must and will attend talks, says Spokesman

1530:CYPPRESS:01

[01] Cyprus Stock Exchange

CSE All Share Index                    74.71 (-0.03)

Highest: 82.46 (2/1/97)
Lowest : 73.90 (30/1/97)

Sectural Indices

Banks                                  83.52 (-0.04)
Approved Investment Companies          63.81 (+0.44)
Insurance Companies                    57.60 (-0.07)
Industrial Companies                   76.15 (-0.44)
Tourist Industries                     63.71 (-0.14)
Commercial Companies                   46.84 (+0.88)
Other Companies                        60.19 (+0.40)

Trading Volume                         CYP 388489.800

CNA MM/1997

ENDS, CYPRUS NEWS AGENCY

1740:CYPPRESS:02

[02] Clerides, Denktash to meet without advisors

"No advisors will be present at Monday's meeting which will deal with humanitarian issues," he told his daily press briefing.

He also said that others may be present in subsequent meetings, if circumstances demand it.

The meeting, to take place at the residence of top UN envoy in Cyprus, Gustave Feissel, in the UN controlled Nicosia airport area, comes two weeks after the end of the first round of face-to-face talks at the secluded Troutbeck rural retreat, New York, from July 9 to 12. A second round of direct talks is expected to take place near Geneva, Switzerland, between August 11 and 16.

Each community leader had two advisors with him in Troutbeck but Clerides and Denktash also held private discussions.

CNA MA/AP/MM/1997

ENDS, CYPRUS NEWS AGENCY

1940:CYPPRESS:03

[03] G/C side must and will attend talks, says Spokesman

Government Spokesman, Manolis Christofides, told the press here Friday the Greek Cypriot side's participation to the second round of direct talks, expected to take place near Geneva, between August 11 and 16, is a "must" and therefore "we will be there."

Christofides said "our firm policy on Cyprus to keep the issue within the UN framework is on track and since this process continues it is wise in every respect to participate in the second round which has a specific agenda."

The first face-to-face talks in the past three years between President Glafcos Clerides and Turkish Cypriot leader Rauf Denktash were held at the secluded rural retreat of Troutbeck, north of New York, from July 9 to 12.

The Spokesman made it clear the Greek Cypriot side will insist that a Cyprus solution should be based on the 1977 and 1979 high level agreements, providing for a bizonal, bicommunal federation, favoured also by the US and the EU.

He said the Turkish Cypriot side "is free to choose its own options, and will be judged accordingly by the world community."

The Spokesman described as "a Sultan's syndrome" recent Turkish threats for partial integration of the island's occupied areas with Turkey, if the EU goes ahead with accession talks with Cyprus.

He said the Turkish side should realise that "times have changed" and should stop behaving as if "we are still in the era of the Ottoman empire."

The EU, he added, has its own rules of conduct and "it's about time Turkey adjusts to the European norms of behaviour, if it wants to join the Union."

Christofides pointed out that Cyprus' entry to the EU will benefit the interests of all Cypriots and called on the Turkish Cypriot leader to make sure that "his decisions don't serve the interests of Turkey but the interests of the people of Cyprus as a whole."

Denktash maintains that the EU should put a halt to Cyprus' European course and insists that a solution of the Cyprus problem is found before EU membership. He also considers that both Turkey and Cyprus should be offered Union membership at the same time.

The EU reiterated its 1995 decision to begin accession talks with Cyprus earlier this month when it published its "Agenda 2000" and came under severe fire from both Turkey and the Turkish Cypriot leader.

CNA MCH/AP/MM/1997

ENDS, CYPRUS NEWS AGENCY

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