Daily Archives: June 15, 2000

Archives June 15, 2000 posted by

Share prices tumble as investment stocks hammered

SHARE prices extended a recent losing streak to sink 1.3 per cent yesterday, dragged down by a hammering of investment and banking stocks.

Bucking a weaker open though, the all share index managed to recoup lost ground in its 90 minutes of trading to close at 512.39 points, 6.9 points lower than Tuesday.

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Archives June 15, 2000 posted by

Hellenic boss blasts Central Bank credit policy

HELLENIC Bank boss Panos Ghalanos yesterday had stinging words of criticism for authorities adopting double standards in trying to curb credits to a loan-hungry public.

Ghalanos said commercial banks had lodged protests with the Central Bank and the Finance Ministry for singling them out in a drive to cut down on credit expansion.

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Matsakis seeks raise in speed limits

OUTSPOKEN Diko deputy Marios Matsakis yesterday stuck to his guns on the issue of raising highway speed limits to 120 km per hour instead of the current 100 km.

The issue was debated on Tuesday before the House Communications and Transport Committee.

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Jail threat for marriages of convenience

DRAFT legislation has been drawn up that could see those who marry for convenience slammed in prison for five years and fined up to £2,000.

The bill, to be presented to the House of Representatives shortly, was drawn up by the Immigration Department in an effort make it easier for migration officials to clamp down on suspicions marriages.

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Journalists in the spotlight over news coverage

THE HOUSE Interior Committee yesterday put journalists on the spot over claims their portrayal of the news sometimes infringed on human rights.

While no course of action was decided yesterday, the Committee heard of 23 sets of violations, committed by various members of the media, despite a law was passed in late February this year.

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