Cyprus News Agency: News in English, 05-08-31

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

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

CONTENTS

[01] To the Subscibers and Associates of CNA

[02] New Finance Minister appointed

[03] UN announces opening of crossing at Zodia

[04] Cyprus Stock Exchange

[05] Weather and Temperatures for Cyprus

[06] Curriculum Vitae of new Cyprus Minister of Finance

[07] New Finance Minister sworn in

[01] To the Subscibers and Associates of CNA

On my departure today from the Cyprus News Agency, I wish to thank you warmly for your cooperation over the last six and a half years of my tenure as Director of the news agency.

I especially thank you for the trust you have shown in CNA, its staff and its services, grading its reliability as very high.

I also thank you for your suggestions for improvements, and for your criticism about CNA's services, which has helped us become - hopefully - a better news agency.

I wish you all the best in your careers and lives; I kindly ask you to offer the new Director of CNA the same level of support, for the benefit of the media that CNA serves and an informed public opinion.

Sincerely, Themis Themistocleous

[02] New Finance Minister appointed

1150:CYPPRESS:01

New Finance Minister appointed

Nicosia, Aug 31 (CNA) -- Mihalakis Sarris has been appointed to the post of Finance Minister, to replace Makis Keravnos who resigned yesterday to take up a senior post at the Hellenic Bank.

An official statement said that ''President of the Republic Tassos Papadopolos, acting in accordance with the authority vested in him by the Constitution, appointed today Mihalakis Sarris to the post of Finance Minister.''

Sarris will give before President Papadopoulos the appropriate pledge, prior to assuming office.

[03] UN announces opening of crossing at Zodia

1200:CYPPRESS:02

UN announces opening of crossing at Zodia

Nicosia, Aug 31 (CNA) -- The UN Peace-Keeping Force in Cyprus (UNFICYP) has announced that effective 12.30 today, following agreement by the two sides, the Astromeritis-Zodhia crossing point will open.

UNFICYP also announced certain temporary arrangements to facilitate crossings, including opening hours and speed limit.

[04] Cyprus Stock Exchange

1450:CYPPRESS:03

Cyprus Stock Exchange

Nicosia, Aug 31 (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                       907.077,20

GSE GENERAL INDEX                       89,35    -0,04    692.528,61
FTSE/CySE 20                           437,04    -0,16    627.962,66
MAIN MARKET INDEX                    1.307,77    -0,17    610.671,06
PARALLEL MARKET INDEX                1.023,25     0,01      7.705,85
INVESTMENT COMPANIES MARKET INDEX    1.003,32     2,35     23.288,98
MAIN AND PARALLEL MARKETS INDEX      1.297,11    -0,17    618.376,91
BANKS INDEX                          1.357,40    -0,27    544.401,35
HOTELS INDEX                         1.101,50    -1,88      5.199,25
ALTERNATIVE MARKET INDEX               963,78    -0,04     65.000,86
FTSE Med (30/8/2005)                 8.053,65     0,96

* The second column presents the percentage variation of the indices
as compared to the last meeting.

[05] Weather and Temperatures for Cyprus

1640:CYPPRESS:05
Weather and Temperatures for Cyprus
Nicosia, Aug 31 (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                 37          23          FINE
Larnaca                 35          27          FINE
Limassol                35          25          FINE
Paphos                  33          23          FINE
---------------------------------------------------------------

[06] Curriculum Vitae of new Cyprus Minister of Finance

2010:CYPPRESS:04

Curriculum Vitae of new Cyprus Minister of Finance

Nicosia, Aug 31 (CNA) --

Michalis Sarris was born in Nicosia on 14/4/1946.

He received his B.Sc. in Economics at the London School of Economics, specializing in monetary theory and policy. He continued his studies in the United States at Wayne State University where he obtained his Doctorate in Economics.

In 1972 he joined the research department of the Central Bank of Cyprus. His work focused on policy analysis and overall economic conditions on the island to guide the management of the monetary sector. In early 1974, he moved to the Bank of Cyprus where he was responsible for setting up the Bank's capacity for evaluating the economic and financial viability of its large lending operations.

From 1975, Michalis Sarris worked at the World Bank where he was promoted to the post of Director. In the course of his career he worked on Africa, Latin America and East Asia. His duties included overseeing the preparation of the Bank's country lending and policy advice strategies, the design of investment and structural adjustment operations, and the conduct of policy dialogue at the highest level.

In addition to these structural issues, his work at the Bank included analysis and advice on appropriateness of the stance of monetary policy, fiscal reforms, and the management of the exchange rate regime.

He retired from the World Bank at the end of 2004 and served in the Board of Directors of Laiki Group. In addition to Greek and English, he is fluent in French, Spanish and Portuguese.

[07] New Finance Minister sworn in

2015:CYPPRESS:06

New Cyprus Finance Minister sworn in

Nicosia Aug 31 (CNA) -- New Cyprus Finance Minister Michalakis Sarris was sworn in here Wednesday at a special ceremony at the Presidential Palace. Sarris succeeds Makis Keravnos, who resigned yesterday to take a post as Chief Executive Officer in Cypriot Hellenic Bank.

Sarris gave the prescribed affirmation before Cyprus President Tassos Papadopoulos and House of Representatives President Demetris Christofias.

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