But may pick up again Data on output in the construction sector show a slowdown in the first quarter of 2005, with total value added output rising by just 1.9% compared with the year-earlier period in the first quarter of 2005, its slowest rate of growth for 11 quarters. By contrast, output in the fourth

A truck drivers’ strike that has paralysed the island’s transport sector for a second day on Thursday, is costing the economy CYP 3 to 4 mln a day, as imports are not delivered and exports are grounded. Hardest hit is the construction sector with a halt in cement, iron and wood deliveries expected to cost

The number of the new Bank of Cyprus shares which have resulted from the participation of the eligible shareholders in the Dividend Reinvestment Plan for the 2004 dividend amounts to 2.642.800 shares, the Bank said. The total number of the Bank’s shares including the new shares amounts to 467.413.395. The Bank has applied to the

CyTA decided to ignore a temporary directive issued by the Competition Commission ordering it to reverse its recently announced price cuts on mobile telephony rates. In response to a complaint filed by areeba, the Competition Commission had ruled that CyTA needs to reverse its price reductions on mobile telephony rates and revert to its pricing

The Cyprus Harmonised Index of Consumer Prices (HICP) during June 2005 recorded an increase of 1.5% compared to the corresponding month of June 2004, compared with around 2.5% in the EU25. This marked a slowdown from May, when prices rose by 2%, and from June 2004, when the annual rate of change was 2.4%. For

Manthos or Tony for KEVE President? Two leading candidates will be challenging the leadership of the the biggest employer group, the Cyprus Chamber of Commerce and Industry (KEVE), following the appointment of its present President, Vassilis Rologis, as the new chairman of the Bank of Cyprus Group. The new KEVE president will be chosen by