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Cyprus News Agency: News in English (PM), 97-09-17

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

From: The Cyprus News Agency at <>


  • [01] Cyprus Stock Exchange
  • [02] Security talks aim at concrete solutions
  • [03] Russia welcomes agreement on security talks
  • [04] President on Denktash's proposal

  • 1630:CYPPRESS:01

    [01] Cyprus Stock Exchange

    Nicosia, Sep 17 (CNA) -- The Cyprus Stock Exchange (CSE) All Share Index closed at today's stock exchange meeting as follows:
    CSE All Share Index                    78.38 (-0.41)
    Highest: 82.46 (2/1/97)
    Lowest : 73.90 (30/1/97)
    Sectural Indices
    Banks                                  89.36 (-0.56)
    Approved Investment Companies          64.55 (-0.15)
    Insurance Companies                    56.00 (-0.71)
    Industrial Companies                   77.97 (-0.01)
    Tourist Industries                     65.88 (-0.05)
    Commercial Companies                   47.22 (+0.34)
    Other Companies                        60.32 (+0.10)
    Trading Volume                         CYP 738723.802
    * The difference in brackets represents the percentage increase (+) or decrease (-) of the index from the previous stock exchange meeting.
    CNA MM/1997

    [02] Security talks aim at concrete solutions

    Nicosia, Sep 17 (CNA) -- The upcoming talks between President Glafcos Clerides and Turkish Cypriot leader Rauf Denktash on security issues will be continuous and will aim at reaching concrete solutions on matters of concern to both sides.

    Responding to questions during his daily briefing today, Government Spokesman Manolis Christofides said "the UN will not put forward any proposals" during the talks, expected to begin this month.

    The agreement was announced Monday by US Secretary of State Madeleine Albright during a stop-over in Cyprus while on a tour of the Middle East.

    Asked if President Clerides has identified the topics he will put forward at the first meeting, Christofides said the President "has clear thoughts on security concerns and will elaborate on them during the talks."

    Noting that there are many security matters, he said each side will present particular security concerns and added there is no agenda to the talks.

    Replying to questions, the Spokesman said President Clerides' proposal for the demilitarisation of the island is "a fundamental aspect which could be included in the security matters to be discussed."

    Christofides clarified that "only President Clerides and Denktash will be present at the talks, in the presence of UN Resident Representative Gustave Feissel."

    He added the interlocutors will be able to consult their advisors and experts, but not during the actual meetings.

    The Spokesman said the agreement reached aims at creating an atmosphere which would facilitate negotiations between the Greek and Turkish Cypriot sides on the fundamental aspects of the Cyprus problem.

    CNA KN/MA/MM/1997

    [03] Russia welcomes agreement on security talks

    Nicosia, Sep 17 (CNA) -- A senior Russian diplomat today backed initiatives aimed at contributing to a just and permanent solution to the Cyprus problem.

    Russian Ambassador to Cyprus, Georgi Muratov said he hoped the planned meeting between Cyprus President Glafcos Clerides and Turkish Cypriot leader Rauf Denktash, to discuss security issues, will yield results.

    Speaking to state radio CyBC after a meeting with Foreign Minister Ioannis Kasoulides, Muratov said: "Russia welcomes all initiatives which will contribute to a just and permanent solution to the Cyprus problem."

    CNA EC/MM/1997

    [04] President on Denktash's proposal

    Nicosia, Sep 17 (CNA) -- President Glafcos Clerides appears favourably disposed towards a suggestion by Turkish Cypriot leader Rauf Denktash that the two sides on the island sign an agreement for a peaceful resolution to the Cyprus problem, which will be countersigned by Greece and Turkey.

    Asked today about Denktash's proposal, President Clerides described it "a positive development" and reiterated that the Greek Cypriot side "has always aimed at a peaceful settlement to the Cyprus question".

    Clerides agreed with recent statements made by US President's Emissary for Cyprus, Richard Holbrooke, that security in Cyprus affects security in the region.

    The President compared the situation on the island to a volcano and said that if it erupts, it will have consequences on the whole region.

    "What everyone has realised is that if there is an eruption in Cyprus, not only will relations between Greece and Turkey be affected, but it could destabilise the Balkans," he said.

    President Clerides added that increased international interest in a settlement in Cyprus stems from the realisation that "the Cyprus problem is not a dormant volcano."

    Asked to comment on his forthcoming talks with Denktash on security issues, Clerides said "we will begin discussing all issues and results will depend on the overall agreement we will reach."

    CNA RM/MA/MM/1997

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