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Cyprus News Agency: News in English (AM), 97-11-05

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

From: The Cyprus News Agency at <>


  • [01] National Council for dialogue after elections
  • [02] Cyprus Stock Exchange
  • [03] President receives outgoing ministers

  • 1330:CYPPRESS:01

    [01] National Council for dialogue after elections

    Nicosia, Nov 5 (CNA) -- The island's political leadership favours an open- ended dialogue after February's presidential elections with a view to reaching a negotiated settlement of the protracted Cyprus problem.

    This was the overall conclusion of today's meeting of the National Council, the top advisory body to the President on the handling of the Cyprus question.

    "The Council examined the letter UN Secretary-General Kofi Annan sent to the President, dated 25 October, and has formulated its reply with a view to having a substantive and productive dialogue," Government Spokesman Manolis Christofides said after today's meeting.

    He said the President briefed Council members on the latest developments in the humanitarian issue of persons listed as missing in Cyprus.

    Asked if there is a commitment on the Greek Cypriot part to participate in an open-ended dialogue in March, Christofides refrained from further comment but added "we aim to have a substantive and productive dialogue."

    CNA MM/AP/1997

    [02] Cyprus Stock Exchange

    Nicosia, Nov 5 (CNA) -- The Cyprus Stock Exchange (CSE) All Share Index closed at today's stock exchange meeting as follows:
    CSE All Share Index                   75.12 (+0.24)
    Highest: 82.46 (2/1/97)
    Lowest : 73.90 (30/1/97)
    Sectural Indices
    Banks                                  86.39 (+0.62)
    Approved Investment Companies          59.59 (-1.57)
    Insurance Companies                    55.04 (+0.77)
    Industrial Companies                   72.59 (-0.17)
    Tourist Industries                     63.01 (-1.22)
    Commercial Companies                   41.29 (-0.65)
    Other Companies                        57.86 (-1.28)
    Trading Volume                         CYP 1661937.270
    * The difference in brackets represents the percentage increase (+) or decrease (-) of the index from the previous stock exchange meeting.
    CNA MCH/1997

    [03] President receives outgoing ministers

    Nicosia, Nov 5 (CNA) -- President Glafcos Clerides accepted today the resignation of five members of his cabinet but asked them to stay on for a few more days until some pending issues are sorted out.

    Speaking at the Presidential Palace where the five ministers of the coalition Democratic Party (DIKO) handed in their resignations, the President said he was pleased with the cooperation he has had with them.

    The President also asked them to attend the press conference he will hold tomorrow to outline the work done by his government so far.

    The five (defence, interior, agriculture, commerce, labour) handed in their resignation following Tuesday's decision by DIKO to pull out of the coalition government in view of February's presidential elections.

    DIKO president Spyros Kyprianou will contest the elections.

    "New cabinet members will be appointed for only three months and they will not necessarily come from the ranks of the ruling Democratic Rally party (DISI)," the President said.

    He said the cabinet, in its present composition, will meet Friday and if necessary again on Monday to sort out pending issues.

    New cabinet members are expected to be appointed next week.

    Asked if he is disappointed by DIKO's decision to quit its coalition with DISI, the President replied "I respect party decisions whether I agree with them or not."

    CNA MM/MA/1997
    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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