The inflation rate in Cyprus for January 2005 was 2.8%, according to figures provided by the Statistical Service. A press release says that the Harmonised Index of Consumer Prices during January 2005 recorded an increase of 2.8%, compared to the corresponding index of January 2004, while in January 2004 the annual rate of change was

The Board of Directors of Vassiliko Cement Works (VCW) announced the intention to pay a 2 cent per share final dividend, bringing its total dividend payout to 3.5 cent, considering that the company has already paid an interim dividend of 1.5 cent. The total dividend yield based on the company?s most recent stock price of

Cyprus Airways stewards union, SYPKA ordered its members to go on an indefinite strike from Monday 4.00pm after the airline proceeded with the forced redundancies of 22 chief stewards as part of its efforts to cut costs. CAIR management declared the 22 positions as surplus with its press spokesman, Tassos Angeli saying the layoffs will

Orphanides Public Co. Ltd. (ORF) recorded a sharp improvement in results, boosting net profits from CYP 1.69 mln in 2003 to CYP 3 mln in 2004 with earnings per share improving from 2.09 cent to 3.71 cent per share. Reporting its preliminary 2004 results, the retailing giant announced that turnover jumped 6% during 2004 to

Alkis Hadjikyriakos (Frou Frou Biscuits) Ltd., the island’s leading biscuits and cereals manufacturer & distributor and importer announced an increase in its final dividend payable to shareholders on the back of an improvement in sales and profits. The Board of Directors declared a dividend of 0.36 cent per share compared to 0.35 cent in 2003

A. Tsokkos Hotels Pcl (TSH) released its 2004 results posting a 2.6% increase in revenues to CYP 18.05 mln with income advancing by 2.6% amid higher local revenues associated with the opening of Tsokkos Paradise Village in late April 2004 and higher occupancy rates. Gross Profit reached CYP 3.86 mln, up by 3.4% with gross

A. Zorbas & Sons Public Co. Ltd. (ZRP) reported a 30.5% increase in turnover reaching CYP 26.0 mln in 2004 on the back of higher revenues per shop and the operation of six new outlets. The increase in turnover was driven by higher revenues per outlet, which increased from CYP 738.000 to CYP 788.000 in

Vision International People Group Public Ltd. (VIP) delivered another set of satisfactory results, boosting net profits by 24% to USD 7.96 mln in 2004 from USD 6.41 mln in 2003 on the back of increased sales. Group turnover for 2004 increased by 11.8% year-on-year to USD 78.3 mln from USD 70.1 mln in 2003 on

The Statistical Service announced that the Harmonised Index of Consumer Prices (HICP) recorded an increase of 2.8% in January 2005,compared to the corresponding index of January 2004. The sharpest fall compared with the previous year was recorded in the category of communications, down by 13.3%, while the sharpest rise was recorded by education, up by