Cyprus News Agency: News in English, 05-01-18

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

CONTENTS

[01] Cyprus Stock Exchange

[02] Cyprus satisfied with Russia's stance on political problem

[03] Weather and Temperatures for Cyprus

[04] ECOFIN suspends excessive deficit procedure on Cyprus

[01] Cyprus Stock Exchange

1440:CYPPRESS:01

Cyprus Stock Exchange

Nicosia, Jan 18 (CNA) -- The Cyprus Stock Exchange (CSE) All Share
Index closed at today's stock exchange meeting as follows:

INDICES BASE VALUES: FTSEMed=5000, OTHERS=1000

TRADED VALUE                       630.140,07

GSE GENERAL INDEX                       78,09     1,48    562.383,45
FTSE/CySE 20                           360,43     1,53    435.759,11
MAIN MARKET INDEX                    1.077,87     1,53    426.798,59
PARALLEL MARKET INDEX                1.025,32     3,30     34.403,42
INVESTMENT COMPANIES MARKET INDEX    1.040,78     3,66     41.130,51
MAIN AND PARALLEL MARKETS INDEX      1.075,63     1,59    461.202,01
BANKS INDEX                          1.088,49     1,49    321.276,44
HOTELS INDEX                         1.037,61     3,42     11.106,78
ALTERNATIVE MARKET INDEX               963,30     3,73     82.134,65
FTSE Med (17/01/2005)                7.031,04    -1,25

* The second column presents the percentage variation of the indices

[02] Cyprus satisfied with Russia's stance on political problem

Cyprus satisfied with Russia's stance on political problem

Nicosia, Jan 18 (CNA) -- The Cypriot government is satisfied with the stance of the Russian Federation on the Cyprus problem.

[03] Weather and Temperatures for Cyprus

2000:CYPPRESS:03

Weather and Temperatures for Cyprus

Nicosia, Jan 18 (CNA) -- Today's weather and temperatures for Cyprus,
according to the Meteorological Service at Larnaca International
Airport are:

Temperatures (degrees Celcius)
---------------------------------------------------------------
Station               Maximum     Minimum       Weather
(At 1200 UTC)
---------------------------------------------------------------
Nicosia                 12            5           CLOUDY
Larnaca                 12            9           CLOUDY
Limassol                13            8           CLOUDY
Paphos                  15            9           CLOUDY

[04] ECOFIN suspends excessive deficit procedure on Cyprus

2035:CYPPRESS:04

ECOFIN suspends excessive deficit procedure on Cyprus

by Nicos Bellos

Brussels, Jan 18 (CNA)--The European Union Economic and Financial Affairs Council (ECOFIN) adopted today a Commission recommendation to suspend a monitoring procedure on Cyprus, imposed in the summer of last year because of excessive public deficit recorded in 2003.

ECOFIN is now anticipating the implementation of the 2005 budget in Cyprus and a reduction of the public deficit to a figure under 3% of the Gross Domestic Product (GDP) to terminate the monitoring procedure.

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