Cyprus News Agency: News in English (PM), 97-05-27

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

CONTENTS

[01] Cyprus - Czech trade transactions, increase

[02] Cyprus Stock Exchange

[03] Cyprus on Greco-Turkish accord

[04] World Bank report on Akamas peninsula

1515:CYPPRESS:01

[01] Cyprus - Czech trade transactions, increase

Speaking at a Press conference, Manager of the Czech pavilion at the Cyprus 22nd International State Fair, Bohuslav Partl, said trade transactions between the two countries in 1996, reached 17.3 million dollars.

Partl said the Czech Republic's exports to Cyprus for the same year, totalled 9.5 million dollars, whereas Cyprus' exports to the Czech Republic reached 7.8 million dollars.

"These data clearly show that the contemporary exchange represents just a fragment in the light of export and import potential of our countries and both sides should utilize all hidden reserves in order to improve the present situation so as to strengthen their position among trade partners", added Partl.

Partl emphasised the consistent participation of former Czechoslovakia and later on the Czech Republic in the Cyprus International State Fair over the years. CNA AZK/MCH

ENDS, CYPRUS NEWS AGENCY

1600:CYPPRESS:02

[02] Cyprus Stock Exchange

CSE All Share Index                    75.84 (0)

Highest: 82.46 (2/1/97)
Lowest : 73.90 (30/1/97)

Sectural Indices

Banks                                  84.61 (+0.11)
Approved Investment Companies          62.89 (-0.62)
Insurance Companies                    58.74 (+0.22)
Industrial Companies                   79.70 (-0.55)
Tourist Industries                     63.55 (+0.67)
Commercial Companies                   51.15 (+0.25)
Other Companies                        54.76 (-0.98)

Trading Volume                         CYP 397893.790

CNA AP/1997

ENDS, CYPRUS NEWS AGENCY

1645:CYPPRESS:03

[03] Cyprus on Greco-Turkish accord

"If one takes into account that Greece's policy rests, among others, on the respect for international law and order by Turkey, the respect of agreed principles and the solution of the Cyprus problem, we welcome a pact of non-aggression, provided all these terms are met," Government Spokesman, Manolis Christofides, said here today.

Replying to questions, he said Greece always insists on progress in the Cyprus question as a precondition and stressed that Greece is not going to sign such a pact and abandon the Cyprus problem.

He also expressed the view that, should the Cyprus problem remain unresolved, Greece's position that any Turkish advance in Cyprus would mean a casus belli "cannot be excluded from a non-aggression pact."

"If such a pact were to be signed, and if the Turkish occupation of part of the Republic of Cyprus continues, this would mean that the idea of casus belli is counteracted, unless it is excluded from the non-aggression pact," Christofides said.

CNA MA/MM/MCH/1997

ENDS, CYPRUS NEWS AGENCY

1725:CYPPRESS:04

[04] World Bank report on Akamas peninsula

This was pointed out today by House Environment Committee Chairman, Demetris Eliades, during a Committee meeting, behind closed doors, which discussed the World Bank report and decided on the points it will include in a House preliminary report on the issue.

Eliades said the Committee's aim is to complete an assessment of how to manage the area before the House retires for the summer holidays.

The Conservation Management Plan for the Akamas Peninsula, prepared by the World Bank, as part of its Mediterranean Environmental Technical Assistance Programme, stresses that "the disappearance of incompatible activities such as hunting and the British military exercises is essential."

It points out that "both are incompatible with a protected area status and have a negative environmental impact."

The request for the report was made by the Government of Cyprus in 1990.

The project's main objective is to identify and integrate policies and actions to "achieve environmental conservation and socio-economic development" of the villages in the area.

Asked to comment on British military exercises in the environmentally sensitive Akamas region, Eliades said the World Bank report itself states that military training and management plans are incompatible.

"What will we manage", he wondered, "the scorched earth the British have left behind for years and will possibly leave behind now?"

Regarding protests by environmentalists over British military exercises taking place all this week in the Akamas, Eliades expressed the clear opposition of the House.

"The protests of environmentalists as well as the people of Paphos district in general, do not conflict with the Government, but aim at strengthening efforts to end the exercises", Eliades, said.

The Committee Chairman assured that the House will take into consideration both the reactions and disagreements expressed by the region's inhabitants and other organised groups to the World Bank's report and to certain of its recommendations.

Eliades added that there is a joint effort to protect the Akamas peninsula and allow the region's inhabitants to prosper.

CNA SD/MH/MCH/1996

ENDS, CYPRUS NEWS AGENCY

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