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Cyprus News Agency: News in English (PM), 99-07-28

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

From: The Cyprus News Agency at <>


  • [01] Cyprus Stock Exchange
  • [02] Stock Market - Reopening
  • [03] House President - Rome visit - Cyprus question
  • [04] Ship - Rescue operation continues
  • [05] Archaeological findings - Rural community
  • [06] Hercus - Resignation
  • [07] SOCCER: Anorthosis 2 - Slovan 1

  • 1435:CYPPRESS:01

    [01] Cyprus Stock Exchange

    Nicosia, Jul 28 CNA) -- The Cyprus Stock Exchange (CSE) All Share Index closed at today's stock exchange meeting as follows:
          CSE General Index                         294.29 (18.62)
          Traded Value            CYP 68,989,792
          Sectural Indices
          Banks                   CYP37,870,740     407.91 (22.43)
          Approved Investment
          Companies               CYP 1,738,507     135.85 (11.47)
          Insurance Companies     CYP 1,490,144     117.82 (14.20)
          Manufacturing Companies CYP 1,586,565     104.91 ( 0.57)
          Tourism Companies       CYP 4,348,330     207.39 ( 7.01)
          Trading Companies       CYP 4,853,188     139.41 (13.20)
          Other Companies         CYP 2,437,394     223.47 ( 8.42)
    The third column presents the percentage variation of the indices as compared to the last meeting.

    CNA EC/1999

    [02] Stock Market - Reopening

    Nicosia, Jul 28 (CNA) --The Cyprus Stock Exchange (CSE) today reopened to investors after a two-day closure, with both prices and the volume of transactions reaching all-time highs.

    The all-share index rose by 18,6 per cent and closed at 294,29 while the volume of transactions almost reached 69 million Cyprus pounds (one Cyprus pound is trading at 1,8 US dollars).

    The stock market closure had been decided to give brokers time to deal with the massive backlog of uncleared transactions which resulted from the increasing volume of transactions in recent weeks.

    CNA GG/EC/1999

    [03] House President - Rome visit - Cyprus question

    Nicosia, Jul 28 (CNA) -- House of Representatives President Spyros Kyprianou has received assurances from Italy's political leadership that it will never support a settlement in Cyprus that would divide the island.

    Speaking at a press conference today on his official visit to Rome last week, Kyprianou said his Italian counterpart Luciano Violante will visit Cyprus on October 23, accompanied by President of the Italian Parliament's Foreign Affairs Committee, Achille Occetto, and other officials.

    The House President said some individual Italian deputies may visit the occupied areas at times, but the Italian government and parliament "have made it abundantly clear that they will not recognise the illegal regime in the Turkish occupied areas."

    Kyprianou appeared satisfied with the outcome of his meetings with senior Italian government and parliamentary officials.

    He said the Italian President Carlo Azeglio Ciampi was informed about the Cyprus problem and told him Rome supports the safeguarding of freedom, democracy and human rights on the island.

    Referring to efforts for a settlement in Cyprus, Kyprianou said that his conclusion from his meetings with President Glafcos Clerides and Foreign Minister Ioannis Kasoulides earlier today is that the UN Secretary- General has not yet decided if and when he will extend invitations to the two sides for negotiations.

    The Cyprus peace process has been stalled because of a precondition set by Turkish Cypriot leader Rauf Denktash that he will not participate in talks unless they aim at establishing a confederation of two states.

    His demand has been rejected by the UN, the Cyprus government and all key players in the peace effort as it is contrary to UN resolutions stipulating for a bizonal, bicommunal federation.

    Kyprianou announced that he will be leaving for the Greek island of Crete on Friday to take part in events held to honour Cretans who lost their lives in Cyprus during the 1974 Turkish invasion.

    CNA AA/MA/EC/1999

    [04] Ship - Rescue operation continues

    Larnaca, Jul 28 (CNA) -- A rescue operation to find two Egyptian sailors who went missing after their ship began sinking 22 nautical miles off the southeastern coast of Larnaca are continuing, although authorities expressed fears the two are not alive.

    The other six crew members of the Honduran cargo vessel "Rofayda", including its captain, were rescued early today by the tanker "Sienna", under a Malta flag, and were taken to the Larnaca marina this afternoon.

    "Rofayda" was in Limassol port for refueling since July 24. It left the port late yesterday carrying a cargo of 3,000 tonnes of sesame seed and was heading to the Syrian port city of Latakia.

    Head of port police Theodoros Stylianou told CNA a helicopter and launch are continuing to search for the two missing sailors in the area where the "Rofayda" sank.

    Stylianou said a crew member told police there was an explosion on board at around at 0300 local time (1200 GMT) and then the ship began listing.

    The survivors, five Egyptians and a Sudanese, were saved after managing to swim onto a raft.

    They are reported to be in good health and were expected to be taken the police to give statements.

    CNA MAN/MA/EC/1999

    [05] Archaeological findings - Rural community

    Larnaca, Jul 28 (CNA) -- Archaeological findings in the site "Panayia ton Ampelion" (Holy Mary of the Vineyards) in the eastern coastal village of Aradippou, prove the area was continuously inhabited from the 4th century BC to the 6th century AD by people making their living off agriculture.

    The archaeological team from the University of Copenhagen excavating in the area for the past eight years has brought to light important findings proving it was a rural community.

    Speaking at a press conference today head of the team Lune Sorenser described the site as "very important" because it was inhabited continuously for a long period.

    Only one large central part of the site has been excavated but archaeologists will continue working in the area.

    "Our findings show it is a rural site and this is an opportunity to study the life of people who did not live in the towns during this period," Sorenser said.

    She added that "now we know that the inhabitants of ancient Aradippou depended on their land but at the same time they followed development and other trends in Cyprus and the world's big cities."

    An oil press and other agricultural tools found show that the inhabitants lived off their land, while other objects unearthed are similar to those found in islands of the Aegean proving that the locals had contact with the outer world.

    Aradippou mayor Christakis Limberis said excavations will continue until they are completed.

    The archaeological findings unearthed have been handed over to the Larnaca Museum, as Aradippou falls within the district.

    In the future they will be moved to the Museum of Popular Art which the Aradippou municipality is setting up in a house dating back to 1201 and is now being renovated.

    CNA MAN/MA/EC/1999

    [06] Hercus - Resignation

    Nicosia, Jul 28 (CNA) -- The UN Secretary-General's Special Representative in Cyprus and Chief of Mission of UNFICYP, Dame Ann Hercus, resigned from her post, the UN Operation in Cyprus announced here Wednesday.

    The UN Secretary-General and Hercus have agreed that she will remain at her post until the end of September.

    According to a statement attributable to the Spokesman of the Secretary-General, Hercus has submitted her resignation to Kofi Annan for "family reasons".

    "The Secretary-General respects the reasons that have compelled Ms Hercus to take this step and he has accepted this resignation with deep regret," the statement said.

    Kofi Annan, the statement added "wishes to place on record his appreciation for Ann Hercus' skillful and untiring efforts over the past 12 months in the conduct of his mission of good offices and of the UN Peacekeeping Force in Cyprus", noting that he considers Hercus "has served with distinction in a difficult assignment."

    Hercus is currently with her family in New Zealand, said the statement, adding that "in order to allow the work of the UN in Cyprus to continue without a significant break, the Secretary General and Ms Hercus have agreed that she will remain in her post until the end of September."

    Hercus "took up her post as Deputy Special Representative to the Secretary-General on July 1st and was recently appointed Special Representative", the statement concluded.

    Since last October Hercus has been conducting shuttle talks between the two sides in a bid to restart the stalled Cyprus peace process and to reduce tensions on the island.

    Government Spokesman Costas Serezis told CNA that the government does not wish to comment on Hercus' resignation.

    CNA EC/MA/1999

    [07] SOCCER: Anorthosis 2 - Slovan 1

    Nicosia, Jul 28 (CNA) -- Cyprus' football champions Anorthosis beat 2-1 Slovan Bratislava for the Champions League's second qualifying round.

    Anorthosis, a refugee club from the Turkish-occupied town of Famagusta, opened the score in 26th minute and doubled their goals in the last minute through a penalty kick. Slovan drew one back in the 51st minute.

    The second leg will be played on Wednesday, August 4, in Bratislava.

    CNA GP/1999
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