Unemployment drops back to 3.6%

The registered unemployment rate fell back to 3.6% in March, representing a total of 12,510 people unemployed, according to the latest figures from the Statistical Service. If sustained, this marks a sharp

Tsokkos keeps dividend at 0.5c

A. Tsokkos Hotels (TSH) approved the final results for 2004, showing net profits of CYP 2.658.000 compared to CYP 2.618.000 in 2003 and decided to keep the dividend at the interim stage

Zorbas lifts dividend to 7.5c

A. Zorbas & Sons Public Co. Ltd. (ZRP) announced that it has lifted the 2004 dividend to 7.5 cent per share from 5.2 cent in 2003 on the back of a satisfactory

Regulator cuts inter connectivity rates

The Telecom Regulator announced sweeping price reductions in the Reference Interconnection Offer (RIO) rates that CyTA charges the independent telecom operators, which will hopefully lead to some price reductions for the public

Drake to swap shares with Libra

Drake Investments Ltd (DRA) has decided to proceed with swap of its shares with the preference share of Libra Holidays Group following shareholder approval at the Extraordinary General Meeting held on 24