Cyprus News Agency: News in English (PM), 97-09-25

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

CONTENTS

[01] President defines future strategy

[02] Cyprus to host shipping conference

[03] Cyprus Stock Exchange

[04] Cypriot children to display work at World Bank

[05] US to honour Bartholomew

1515:CYPPRESS:01

[01] President defines future strategy

Government Spokesman Manolis Christofides said here today the President "is taking into account the views expressed by the political leadership during three consecutive meetings of the National Council."

"The President is pleased to have heard the positions of all the party leaders on all the aspects of the Cyprus question and this has been very useful," Christofides said.

The spokesman refrained from disclosing any details about either the Council decisions or the President's designs.

"On the basis of what he heard, the President has defined the strategy on the future handling of the Cyprus problem and the tactics he will apply at tomorrow's security talks," Christofides added.

Clerides and Turkish Cypriot leader Rauf Denktash will meet Friday to discuss with an open agenda and no preconditions security matters.

The spokesman said there must not be any "inactivity" in the period leading up to February's presidential elections because there is a momentum in efforts towards a Cyprus settlement.

CNA MM/MA/1997

ENDS, CYPRUS NEWS AGENCY

1520:CYPPRESS:02

[02] Cyprus to host shipping conference

The island has become a hub of merchant shipping with a great number of shipowning and shipmanaging companies, while revenues from merchant shipping account for 2 per cent of the Republic's gross national product, he added.

The meeting will focus on "A new era in shipping" to discuss new principles and targets to be set by international shipping legislation, which will deal with the human factor, Pirgos said.

He pointed out that a number of personalities from the shipping world will address the conference, including William O'Neil, Secretary General, International Maritime Organisation, Chris Horrocks, Secretary General, International Chamber of Shipping, International Shipping Federation, and Roberto Salvarani, Head of Unit, Maritime Transport, European Commission.

Pirgos referred to measures by the Cyprus government to improve shipping safety standards, such as reinforcing the island's shipping infrastructure, and setting up a network of marine surveyors throughout the world.

Referring to ship detention rates, he said Cyprus' detention percentage is not high, and said Cyprus ranks 15th on the list of detention rates worldwide.

Turkey's embargo on Cyprus-flagged ships creates problems to the island's merchant shipping, but its consequences are far from being grievous, Pirgos said.

CNA GG/MM/1997

ENDS, CYPRUS NEWS AGENCY

1500:CYPPRESS:03

[03] Cyprus Stock Exchange

CSE All Share Index                    76.27 (+0.08)

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

Sectural Indices

Banks                                  85.86 (+0.34)
Approved Investment Companies          64.92 (+0.57)
Insurance Companies                    57.58 (-0.83)
Industrial Companies                   75.12 (-0.46)
Tourist Industries                     66.68 (+2.11)
Commercial Companies                   46.90 (-1.24)
Other Companies                        60.10 (-1.85)

Trading Volume                         CYP 217408.810

CNA MCH/1997

ENDS, CYPRUS NEWS AGENCY

1545:CYPPRESS:04

[04] Cypriot children to display work at World Bank

The exhibition named "Myths, legends and stories" will be opened by President Glafcos Clerides at the World Bank, on October 7.

It is organised by the World Bank staff art society and will be open September 27 to October 19.

Announcing the exhibition today, Cyprus' first lady, Lila-Irene Clerides, said the water paintings of 39 children aged between 9 and 11, from the Emba elementary school will be displayed.

Emba (entrance) is a tiny village in the western coastal town of Paphos.

A catalogue and short film on the colourful and vivid paintings of the Cypriot children have been prepared in view of the exhibition.

Clerides said her wish is that the exhibition will also go on display in Strasbourg and Brussels. It has already been displayed at the Greek Cultural Centre in London.

CNA RM/MA/MCH/1997

ENDS, CYPRUS NEWS AGENCY

1635:CYPPRESS:05

[05] US to honour Bartholomew

The US Senate approved and sent to President Clinton for signature legislation awarding the Congressional Gold Medal to Ecumenical Patriarch Bartholomew.

The Patriarch is the fifth religious figure in US history to receive the award, an honour first bestowed on Geoge Washington in 1776.

"The Patriarch is most well-known for bringing together disparate people and faiths, for his global environmentalism and for his efforts to achieve world peace in the new millennium", national chairman of the Patriarchal Gold Medal Project, Andrew Manatos said.

President Clinton will bestow upon the Patriarch the award on October 22.

During his trip to the US Bartholomew will also be meeting with first lady Hillary Clinton and Vice President Al Gore.

CNA MCH/MA/1997

ENDS, CYPRUS NEWS AGENCY

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