Cyprus News Agency: News in English, 09-03-03

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

CONTENTS

[01] PRESIDENT - CYPRUS TALKS

[02] GOVERNMENT - ECONOMY

[03] CYPRUS - IRAN - INVESTMENTS

[04] CYPRUS - DAVIS CUP

[01] PRESIDENT - CYPRUS TALKS

Speaking at an event in the memory of Gregoris Afxentiou, a Cypriot hero of EOKA at the fight against the British colonialism in 1955-59, President Christofias said that the Greek Cypriot side is fighting for a solution that will give an end to the Turkish occupation and settlement, and will reunite Cyprus in the framework of a bi-zonal, bi-communal federation with political equality, as defined by the relevant UN resolutions.

A solution that will ensure the territorial integrity and unity of Cyprus, with a single sovereignty, a single international personality and a single citizenship. This solution should be based on the International Law, the relevant UN resolutions, and should be consistent with the principle and values upon which the European Union was founded, he said.

President Christofias noted that the ongoing process belongs to the Cypriots, as it has been agreed between him the UN Secretary General and the leader of the Turkish Cypriot community. This process has been adopted by recent UN resolutions. We will safeguard this principle until the end. We should work constructively, without arbitration and tight time frames, in order to reach convergences and agreements in all the issues, he added.

Noting that the solution of the Cyprus problem depends to a large extent on Turkeys good will, President Christofias stressed the need the international community to exert pressure on Ankara in order to alter its stance towards Cyprus, and cooperate for a solution.

[02] GOVERNMENT - ECONOMY

In a speech at the 15th Regional Social Insurance, Pension and Provident Fund Conference concerning ``Pensions in Crisis``, which took place in Paphos, Stavrakis referred to the new package of measures announced by President of the Republic Demetris Christofias to support the economy and expressed certainty that they would substantively help the economy in facing the consequences of the global financial crisis.

Stavrakis referred to the conditions created by the crisis and pointed out that, despite the fact that the Cypriot economy is a small and open economy based on private initiative, the state and the public sector continue to play a very significant role.

He noted that the system in Cyprus has protected the economy from the worst consequences of the global financial crisis.

[03] CYPRUS - IRAN - INVESTMENTS

Paschalides, who is paying an official visit to Teheran at the invitation of the his Iranian counterpart, had a series of meetings on Monday with the Iranian Minister of Commerce, the President of Irans Tourism Authority and Vice President of the Government, and with the Minister of Finance.

During these meetings, Paschalides discussed ways of further developing the bilateral financial and commercial relations, as well as the relations on tourism and investments. During the meeting with the Iranian Finance Minister, Paschalides signed the Agreement for the Mutual Promotion and Protection of Investments between Cyprus and Iran.

[04] CYPRUS - DAVIS CUP

Speaking at a press conference, Christodoulou said the games are a unique opportunity for the Cypriot fans to watch Cypriot players Marcos Baghdatis and Fotos Kallias, and also cheer on the Cypriot team in the games.

The Cypriot national team comprises coach and team leader Yiannos Hadjigeorgiou and players Marcos Baghdatis, Fotos Kallias, Demetris Leontis and Philippos Tsangarides, while the Portuguese team comprises leader Pedro Cordeiro and players Frederico Gil, Rui Machado, Leonardo Tavares and Joao Sousa.

The winner of the games will face the winner of the match between Ireland and Algeria.

The second round will be held from July 10 to 12.

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