Monthly Archives: June 2000

Archives June 16, 2000 posted by

Angry rally drivers disrupt Nicosia traffic

TRAFFIC was brought briefly to a standstill in central Nicosia yesterday morning as a convoy of rally cars drove through town to submit a petition to Cyprus Sports Organisation (KOA) headquarters demanding recognition for the Cyprus Motorsport Drivers’ Association (Sosak).

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Archives June 16, 2000 posted by

Some very close calls

THOUGH yesterday’s fire-fighting efforts saved threatened homes and no serious injuries had been reported, there were some very close calls.

Around midday, at Vasa Kelakiou, in the Limassol district, two people were trapped in their country home, about a kilometre outside the village, as the flames moved in.

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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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Archives June 15, 2000 posted by

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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Archives June 15, 2000 posted by

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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