Cyprus News Agency: News in English (AM), 99-07-30

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

CONTENTS

[01] Kasoulides - Balkans

[02] New Auditor-General - Assistant Auditor-General

[03] Gilman - Cyprus - Washington Times

[04] Cyprus Stock Exchange

0930:CYPPRESS:01

[01] Kasoulides - Balkans

Cyprus has been invited by the European Union to participate with an observer status.

Asked how significant the meeting is for Cyprus, Kasoulides told CNA the important thing is that Cyprus will be present.

Kasoulides and his Greek counterpart George Papandreou were due to fly to Sarajevo on a Greek military transport plane C-130. Kasoulides will return to Cyprus on Saturday.

Around 24 European countries plus the US, Russia, Canada and Japan and international organisations are expected to take part in the Sarajevo meeting for the rebuilding of the Balkans.

In statements before his departure, Kasoulides confirmed that efforts are underway at the UN to find a replacement for outgoing UN Secretary- General's Special Representative, Dame Ann Hercus, whose resignation was announced on Wednesday.

CNA EC/GP/1999

ENDS, CYPRUS NEWS AGENCY

1230:CYPPRESS:02

[02] New Auditor-General - Assistant Auditor-General

Georgis was born in 1940 in the village of Karpasia in the Turkish- occupied Kyrenia district.

A fellow member of the Association of Chartered Certified Accountants, Geortzis served in a number of posts in various ministries, including Assistant Auditor General in the last two and a half years.

Rea Georgiou replaces him as assistant Auditor-General. Born in Nicosia in 1958, Georgiou is an honourary member, FCA, of the Institute of Chartered Accountants in England and Wales and Vice-President of the Cyprus Chartered Accountants Association.

Georgiou also served at various ministries while her participation in the early stages of the island's accession talks with the European Union on economic issues was described as very significant.

CNA RG/EC/GP/1999

ENDS, CYPRUS NEWS AGENCY

1315:CYPPRESS:03

[03] Gilman - Cyprus - Washington Times

In an article in yesterday's edition of the "Washington Times", entitled "Cyprus impasse begs attention", Gilman refers to the 1.5 million refugees from Kosovo who will be able to return to their homes, noting this repatriation should positively influence similar situations like in Cyprus.

Some 200,000 Greek Cypriot refugees have been prevented from returning to their homes in the Turkish-occupied north of Cyprus following the 1974 Turkish invasion and occupation of the island's northern third.

"An effort by the executive branch to settle Cyprus will receive strong support from the Congress", he said, "provided it goes beyond the cosmetic."

Gilman points out that an end of the 25-year-old division of Cyprus is "certainly a worthy policy goal for such an effort."

He says US Presidential Emissary Richard Holbrooke "accurately describes Cyprus' division as a Gordian knot that has sustained high levels of tension and instability between our NATO allies of Greece and Turkey and affected American security interests in the eastern Mediterranean."

The Republican member of the US House of Representatives notes that the international community fully supports a Cyprus peace initiative and refers to the Group of Eight statement on Cyprus that the problem has gone unresolved for too long and the UN Secretary-General should invite the leaders of the two parties in Cyprus to negotiations in the fall of 1999.

Gilman reminds that "the Cyprus government has already responded positively and has cooperated in efforts to settle Cyprus", adding that President Glafcos Clerides "took an extraordinarily conciliatory and courageous action by cancelling the order for the S300 surface-to-air defensive missiles."

The US politician remarks that "it is certainly in the best interest of Turkey to resolve the Cyprus issue" because it would improve the likelihood of its access to the economic prosperity of the European Union, adding that he has no doubt Greek Cypriots and Turkish Cypriots can live together peacefully.

"Any US initiative will require redoubled dedication by both the Greek and Turkish communities to put aside their tendencies to accentuate relatively minor differences and to work to find the common ground that can unite them", Gilman says.

"It is time now to cut the Gordian knot of Cyprus", the US Congressmen concludes.

CNA DA/EC/GP/1999

ENDS, CYPRUS NEWS AGENCY

1400:CYPPRESS:04

[04] Cyprus Stock Exchange

      CSE General Index                         260.02 (-4.33)

      Traded Value            CYP 41,184,072

      Sectural Indices

      Banks                   CYP22,963,984     346.56 (-6.29)
      Approved Investment
      Companies               CYP   950,515     126.97 (-5.79)
      Insurance Companies     CYP 1,155,012     126.20 ( 5.07)
      Manufacturing Companies CYP   738,291      97.46 (-2.39)
      Tourism Companies       CYP 2,178,086     197.27 (-1.87)
      Trading Companies       CYP 2,746,381     124.19 (-1.41)
      Other Companies         CYP 1,926,296     249.20 ( 9.82)

CNA MCH/1999

ENDS, CYPRUS NEWS AGENCY

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