Cyprus News Agency: News in English (PM), 98-08-07

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

CONTENTS

[01] Cyprus Stock Exchange

[02] Attorney General - Limassol Bishop

[03] Onoufriou - sentence

[04] President Clerides - Greek Foreign Undersecretary

1520:CYPPRESS:01

[01] Cyprus Stock Exchange

   CSE General Index                          84.51 (-0.17)

   Traded Value            CYP 712,116

   Sectural Indices

   Banks                   CYP   390,310      99.83 (-0.10)
   Approved Investment
   Companies               CYP    38,365      57.99 (-0.84)
   Insurance Companies     CYP    21,628      58.80 (-0.79)
   Manufacturing Companies CYP     6,438      76.05 ( 0.26)
   Tourism Companies       CYP    31,399      69.60 (-0.10)
   Trading Companies       CYP   168,645      40.64 ( 0.15)
   Other Companies         CYP    26,005      71.26 (-0.67)

CNA MCH/1998

ENDS, CYPRUS NEWS AGENCY

1525:CYPPRESS:02

[02] Attorney General - Limassol Bishop

Speaking after a National Council meeting, Markides said the search took place in the framework of investigations in connection with a 3,7 million-US-dollar fraud also investigated by Scotland Yard.

Markides did not expect an arrest warrant against the Bishop to be issued shortly because the case is not expected to be resolved within the next few days, as demanded by courts when they issue remand orders.

The Attorney General said police investigations would continue and if necessary investigators would travel abroad or the assistance of foreign police could be asked.

Markides will later today meet with Primate of the Orthodox Church in Cyprus, Archbishop Chrysostomos, to discuss the whole matter.

The Holy Synod decided on Tuesday to set up a committee to investigate the whole issue.

The Synod, made up of the Archbishop and district bishops, found that Bishop Chrysanthos had entered financial agreements without its permission.

CNA AA/MCH/GP/1998

ENDS, CYPRUS NEWS AGENCY

1615:CYPPRESS:03

[03] Onoufriou - sentence

Andreas Onoufriou, 48, was found guilty of attempted murder against Judge Michalakis Mavronikolas and his young daughter Marina, in October 1996.

As a result, Mavronikolas was seriously injured, while his young daughter suffered light injuries.

According to the Assize Court, the prosecution proved the defendant's guilt beyond any reasonable doubt.

Onoufriou had refused the opportunity given to him by the Assize Court to appeal for leniency, claiming that he was innocent and there was no reason to request mercy.

CNA CS/MCH/RG/1998

ENDS, CYPRUS NEWS AGENCY

1720:CYPPRESS:04

[04] President Clerides - Greek Foreign Undersecretary

Speaking after a working lunch with President Glafcos Clerides, Yiannos Kranidiotis said rumours about an American proposal and pressure from Athens on Nicosia "do not relate to reality", adding that he did not know the reasons behind them.

"The only message I convey", he said, "is one of solidarity and identical views" of Greece with Cyprus.

"This is the message we send to third parties: That Greece and Cyprus are united in the struggle for justice and the interests of the people of Cyprus," he stressed.

Kranidiotis reassured that the two countries would not detract from the basic aims, which are, Cyprus' accession to the European Union and resolving the Cyprus problem, according to UN resolutions.

"The substance of the Cyprus problem is the illegal Turkish behaviour," the Greek Undersecretary stressed, pointing to Ankara's refusal to comply with the directives of the international community and to withdraw its occupation troops from the island.

Kranidiotis also made special reference to the Turkish side's refusal to enter a dialogue aiming at a Cyprus settlement and to take part in accession talks with the EU.

Defending Cyprus' right to self-defence, he said the S-300 issue is not the dominant, but only part of issues preoccupying Greece and Cyprus.

He said the two countries' concern is "the substance of the Cyprus problem, how to convince Turkey to comply with international law and UN resolutions, how the dialogue between the two communities will be resumed and how a process will begin which would help towards Cyprus' demilitarisation."

"The S-300 is a weapon that strengthens Cyprus' defence, but our efforts aim at the demilitarisation of the island, on the basis of President Clerides' proposals," he concluded.

CNA RG/MCH/1998

ENDS, CYPRUS NEWS AGENCY

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