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Cyprus News Agency: News in English (PM), 99-04-26

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <>


  • [01] Cyprus Stock Exchange
  • [02] Kasoulides - Embargo - Yugoslavia
  • [03] Cyprus - Greece - Agriculture - Agreement
  • [04] Princess Royal - Private visit to British Forces in Cyprus
  • [05] Cyprus - Italian Deputy Foreign Minister - Visit
  • [06] New Zealand Minister - Visit
  • [07] Cyprus - Rotary District Conference
  • [08] Pittas' dairy - Government support

  • 1630:CYPPRESS:01

    [01] Cyprus Stock Exchange

    Nicosia, Apr 26 CNA) -- The Cyprus Stock Exchange (CSE) All Share Index closed at today's stock exchange meeting as follows:
          CSE General Index                         120.38 ( 0.48)
          Traded Value            CYP 3,606,259
          Sectural Indices
          Banks                   CYP 2,216,410     152.87 ( 0.53)
          Approved Investment
          Companies               CYP   158,677      71.46 ( 0.34)
          Insurance Companies     CYP    37,085      75.77 ( 0.70)
          Manufacturing Companies CYP    39,461      91.45 (-0.82)
          Tourism Companies       CYP   546,324      91.11 ( 1.94)
          Trading Companies       CYP   145,043      48.71 ( 0.56)
          Other Companies         CYP   125,072      84.30 ( 0.12)
    The third column presents the percentage variation of the indices as compared to the last meeting.

    CNA EC/1999

    [02] Kasoulides - Embargo - Yugoslavia

    Nicosia, Apr 26 (CNA) -- The Cyprus government aligns itself with the European Union decision for an oil embargo against Yugoslavia, Foreign Minister, Ioannis Kasoulides announced today.

    The government acted bearing in mind the national interest, Kasoulides said and described the decision as "a contribution to the effort for Common Foreign and Security Policy of the European Union".

    The EU requested the eleven candidate countries for accession to the Union to align themselves with its decision not to sell or supply fuel to Yugoslavia.

    Pointing out that Cyprus neither sells nor supplies fuel to Yugoslavia, he said it "is aligned with the unanimous decision of the EU, but reserves the right to examine the relevant regulation when it is approved by the EU".

    Kasoulides also noted that the government decision was taken despite "the difficulties Cyprus is facing as regards the events in Yugoslavia".

    Replying to questions the Foreign Minister said parliamentary party leaders and representatives have been informed about the government decision and admitted that there is no unanimity over the issue.

    Concluding Kasoulides said relevant instructions were given to the Permanent Representative of Cyprus in Brussels.

    CNA MCH/EC/1999

    [03] Cyprus - Greece - Agriculture - Agreement

    Nicosia, Apr 26 (CNA) -- Cyprus and Greece have signed a cooperation agreement on agriculture covering the whole range of the sector.

    At the same time, Athens has reassured Nicosia of its readiness to use its expertise in the European Union (EU) to accelerate the island's harmonisation process.

    The agreement was signed here today by Minister of Agriculture, Natural Resources and Environment, Costas Themistocleous and his Greek counterpart, George Anomeritis, who is on a three-day official visit on the island.

    The agreement, covering 35 agriculture-related issues, defines cooperation between the two countries in the next two years and is the result of the renewal of an existing agreement between Cyprus and Greece which is in effect since 1991.

    Speaking to the press, Themistocleous said both countries believe the agreement "has already produced results".

    In view of Cyprus' advanced accession negotiations with the EU, the considerable Greek expertise within the Union "will be highly useful and necessary to us", Themistocleous noted.

    Cooperation between the two countries not only will continue, but it may be upgraded to cover more issues, he pointed out, adding that prospects for that are already good.

    Referring to the island's agricultural sector, Themistocleous said it is currently declining, contributing 5,0 per cent of GDP and employing around 10 per cent of Cyprus' workforce.

    On his part, Anomeritis expressed confidence that cooperation between the two countries on agriculture will be widened.

    Anomeritis reassured his Cypriot counterpart that Greece will use its expertise in that field to accelerate the island's harmonisation with the acquis communautaire.

    Cyprus along with Slovenia, Estonia, Hungary, Poland and the Czech Republic started substantive accession negotiations with the EU in November 1998.

    CNA MK/GG/EC/1999

    [04] Princess Royal - Private visit to British Forces in Cyprus

    Nicosia, Apr 26 (CNA) -- Her Royal Highness, the Princess Royal, arrived on the island here Monday for a two-day private visit to the British Forces in Cyprus.

    A statement by the British Bases said Princess Anne is the Colonel-in- Chief of the Royal Corps of Signals and the Royal Logistics Corps which are well represented in the British Forces in Cyprus and that it is to these organisations that her visit is primarily focussed.

    During her stay, the Princess Royal will meet service and civilian personnel and their families. She will see displays ranging from those organised by the service schools through to a flying display by the Red Arrows.

    The British Bases also said that the Princess Royal, "as president of Riding for the Disabled Association (RDA) will also visit a display organised by the charity to offer her encouragement to their endeavours".

    She will meet local organisers while Cypriot children, their families and the Princess will award rosettes to the ponies. The event will be open to the media.

    The RDA primarily works with children from the Red Cross Home for Sick Children in Polemidhia and the Christos Stelios Ioannou Foundation.

    CNA EC/MCH/1999

    [05] Cyprus - Italian Deputy Foreign Minister - Visit

    Nicosia, Apr 26 (CNA) -- Italian Deputy Foreign Minister Umberto Ranieri arrives here Wednesday for a two-day official visit, during which he will also inaugurate the Italian Cultural Month.

    Ranieri will be received by President of the Republic, Glafcos Clerides, and President of the House of Representatives, Spyros Kyprianou, while he will also meet with chief negotiator in Cyprus' talks for accession to the European Union, George Vassiliou.

    The Italian official will open a photographic exhibition on Venice in the south-east town of Larnaca and he will attend a concert of "I Cameristi Triestini", a string orchestra from Trieste, in Nicosia.

    Ranieri, who has been a member of Parliament since 1992, is responsible for the whole of Europe, including the Mediterranean, the Balkans and the European Union.

    CNA GG/MCH/1999

    [06] New Zealand Minister - Visit

    Nicosia, Apr 26 (CNA) -- New Zealand Minister of Foreign Affairs and Trade, Don McKinnon arrives here tomorrow for a three-day visit during which he will meet with top government officials and the UN representative on the island.

    On Wednesday the New Zealand Minister will call on President Glafcos Clerides and will later have official talks with Foreign Minister, Ioannis Kasoulides, followed by a press conference.

    McKinnon will visit President of the House of Representatives, Spyros Kyprianou and meet Chairman of the House Standing Committee on Foreign and European Affairs, Tassos Papadopoulos and other Committee members.

    During his stay he will also have a meeting with Nicosia Mayor, Lellos Demetriades who will give him a tour of the old city and the ceasefire line in Nicosia which divides the island since the 1974 Turkish invasion of Cyprus and occupation of the island's northern third.

    McKinnon will also visit UN resident representative, Dame Ann Hercus. McKinnon will be accompanied by High Commissioner of New Zealand to Cyprus, Peter Bennet, Director of the Europe Division of the Ministry of Foreign Affairs and Trade, Peter Kennedy and Private Secretary of the Minister of Foreign Affairs and Trade, Mike Fokker.

    CNA MCH/EC/1999

    [07] Cyprus - Rotary District Conference

    Nicosia, Apr 26 (CNA) -- Members from Middle East and African Rotary clubs are taking part in the 63rd Rotary International District Conference which opened in the southern coastal town of Limassol yesterday and will be concluded on April 30, 1999.

    The five-day Conference is attended by 250 Cypriot and 450 foreign representatives from 105 Rotary clubs from Cyprus, Egypt, Lebanon, Jordan, Bahrain and Sudan and is under the patronage of President Glafcos Clerides

    In his address at the opening ceremony Monday in Nicosia, read by Commerce Industry and Tourism Minister, Nicos Rolandis, Clerides notes "the great humanitarian work of Rotary" and expresses certainty that "after the end of the Polio Education project in the year 2005, Rotary International will embark on another great project for the benefit of humanity".

    Earlier today, Justice and Public Order Minister, Nicos Koshis spoke about "Children and drug abuse" while on Tuesday Foreign Minister, Ioannis Kasoulides, will talk on "Peace in Cyprus and the Middle East".

    On Thursday, Finance Minister, Takis Clerides, will talk on "Cyprus' accession to the EU and its role in the region".

    CNA MCH/EC/1999

    [08] Pittas' dairy - Government support

    Nicosia, Apr 26 (CNA) -- The government in cooperation with other institutions involved in the dairy industry is seeking ways to minimise problems after the destruction of one of Cyprus' largest dairy factories.

    The "Pittas" dairy factory outside Nicosia was yesterday badly damaged after a fire raged out of control for more than three hours.

    According to preliminary investigations, the fire caused 10 million Cyprus Pounds worth of damage (one Cyprus pound is trading at 1,8 US dollars).

    Minister of Finance Takis Clerides today said the aim is to minimise problems caused by the fire "with or without the aid of the state".

    On his part, Minister of Agriculture, Natural Resources and Environment Costas Themistocleous noted that "the destruction affects not only the owners, but it will result in a domino effect" in the economy.

    Athos Pittas, one of the owners, described the dairy as "the pride of Cyprus and the Middle East" and expressed confidence it will be rebuilt and put into operation again "for the sake of the island".

    The deputy Chairman of the "Pittas Group" said the factory absorbed 25 per cent of the island's milk production but the Minister of Finance pointed out the percentage is lower.

    The "Pittas" dairy employed around 200 people.

    CNA GG/EC/1999

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