Scramble to restore market confidence

AS THE all-share index recovered slightly yesterday, brokers, investors, politicians and businessmen all came out of the closet to analyse the market’s woes.

On Monday night, Finance Minister Takis Klerides held an emergency meeting with the stockbrokers’ association after the index plunged almost five per cent during the day’s trading to a new low of 313.

Index picks up slightly

THE MARKET recovered slightly yesterday but the 0.76 per cent increase was no cause for celebration with the all-share index closing low at 318.94 points.

22,000 names slashed off stop list

IN AN effort to expedite procedures at airports and ports, the government has removed around 22,000 names from the island’s dated stop list, the Immigration Department said yesterday.

Around 69,000 names had amassed on the list. Some go back to the days of the Eoka struggle in 1955, while some of the people on the list have died.

Shopkeepers to sue over pedestrianisation

DISGRUNTLED shop owners are suing Nicosia Municipality, claiming the pedestrianisation of Ledra and Onasagorou streets eight years ago has driven them out of business.

The shopkeepers say their sales have taken a plunge, with shoppers reluctant to buy from shops outside which they cannot park their cars.

Cyprus insists it has no Milosevic cash

THE GOVERNMENT said yesterday it had ascertained that neither former Yugoslav President Slobodan Milosevic nor members of his family had any bank accounts in Cyprus.