Cyprus News Agency: News in English (PM), 98-12-29

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

CONTENTS

[01] Cyprus Stock Exchange

[02] National Council - S300

[03] Russia - Cyprus - S-300

[04] Clerides - S300 (urgent)

1500:CYPPRESS:01

[01] Cyprus Stock Exchange

      CSE General Index                          91.12 (-0.21)

      Traded Value            CYP 2,295,067

      Sectural Indices

      Banks                   CYP   660,894     107.07 (-0.17)
      Approved Investment
      Companies               CYP    57,186      58.04 (-0.67)
      Insurance Companies     CYP   179,527      65.38 (-0.55)
      Manufacturing Companies CYP   794,072      86.46 ( 0.46)
      Tourism Companies       CYP    55,405      69.83 (-1.06)
      Trading Companies       CYP    29,630      40.83 (-1.40)
      Other Companies         CYP    59,912      82.71 ( 0.51)

CNA MCH/1998

ENDS, CYPRUS NEWS AGENCY

1810:CYPPRESS:02

[02] National Council - S300

President Glafcos Clerides, who is presiding over the meeting, arrived here earlier after a meeting in Athens with Greek Prime Minister, Costas Simitis, on the S300 issue.

Neither Clerides nor Simitis made any statements after the meeting. A written statement issued by the Greek government after the meeting merely said the two men exchanged views on the positions of the Cypriot parties in regards of the S300.

Ruling right-wing Democratic Rally (DISI) is represented by party leader Nikos Anastasiades and Panayiotis Demetriou, leading opposition left- wing AKEL, by Andreas Christou and Venizelos Zanettou, and centre-right Democratic Party (DIKO) by Spyros Kyprianou and Nikos Cleanthous.

Socialist EDEK is represented by Vassos Lyssarides and Yiannakis Omirou, the United Democrats by George Vassiliou and Michalis Papapetrou and the New Horizons by Nikos Koutsou and Christos Clerides.

The party for Eurodemocratic Renewal is also taking part in the meeting for the first time, represented by Alexis Galanos and Antonis Paschalides.

Foreign Minister Ioannis Kasoulides, Attorney General, Alecos Markides, Government Spokesman, Christos Stylianides and Undersecretary to the President, Pantelis Kouros, are also taking part in the meeting.

CNA GG/RM/MCH/1998

ENDS, CYPRUS NEWS AGENCY

2005:CYPPRESS:03

[03] Russia - Cyprus - S-300

In an interview to Reuters, Rakhmanin stressed that Russia hopes Cyprus will respect its contract with Moscow to buy the missiles.

"Our position is that this is a purely commercial contract," he said and added: "We do not believe that this contract is the origin of tensions in Cyprus".

Rakhmanin said that "Russia has moved forward some ideas on how to reduce tensions on the island" and stressed that "the main proposal is the demilitarisation of Cyprus and I believe these ideas are still on the table".

Meanwhile the National Council (top advisory body to the President on the Cyprus problem) in Nicosia is discussing this evening the future of the S-300, following a meeting in Athens between President Glafcos Clerides and Greek Prime Minister, Costas Simitis.

CNA RM/MCH/1998

ENDS, CYPRUS NEWS AGENCY

2050:CYPPRESS:04

[04] Clerides - S300 (urgent)

He said in a two-page written statement after a three-hour session of the island's National Council that he would negotiate with the Russian government the possible deployment of the missiles in Greece's southern island of Crete.

The National Council, made up of political party leaders, failed to take a unanimous decision on the S300 issue.

The anti-aircraft missiles were ordered by the Cyprus government in January 1997. (more later) CNA GP/1998

ENDS, CYPRUS NEWS AGENCY

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