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Cyprus News Agency: News in English, 08-08-06

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From: The Cyprus News Agency at <>




    Cypriot Minister of Finance Charilaos Stavrakis said on Wednesday that there was a downward trend in fuel prices, which would be beneficial to the island`s economy and the spending capacity of consumers.

    The downward trend in the price of oil is a very satisfactory development and we hope this will translate into increased revenue for the average Cypriot consumer, he said.

    Referring to the reduction in fuel prices, on the international market, Stavrakis said ``the companies should now reduce fuel prices as fast as they have increased them when the price of oil worldwide was on the rise.``

    Replying to questions, Stavrakis said he believed ``inflation in July will be about 5.6% but this will possibly be the highest rate we will see.`` The Minister predicted that by the end of the year inflation will probably be slightly lower than 5% and that in 2009 it was expected to be lower than 3%.


    Chairwoman of the Greek National Anti-Doping Council Chara Spiliotopoullou has stressed that the sample taken from a member of the Cypriot Olympic Team in Beijing is not considered to be positive and described it as a sample ``pending analytical result.``

    Head of the Cypriot mission to the Beijing Olympic Games Alecos Spanos said any move by non-authorised persons could only cause harm. Spiliotopoulou and Spanos were commenting on press reports that a Cypriot athlete had tested positive for doping.

    According to the Cyprus Sports Writers Union representative Petros Hadjichristodoulou, who is covering the Olympic Games in Beijing, information had been leaked to the press and had been discussed by unauthorised persons, harming the Cypriot team and the good atmosphere, and creating false impressions.

    Spiliotopoulou, whose service ran the tests on the Cypriot athlete, said ``the sample is not considered to be positive, it is informal,`` adding that ``scientifically we call it a pending analytical result and no athlete can be considered doped.`` She explained that in the case of a ``pending analytical result`` the athlete will be monitored and randomly tested over a period of three months.

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