Business - Page 2252

Some 25 Greek Cypriot companies are close to being matched with Turkish Cypriot producers for trade across the Green Line, only five weeks after the matchmaking programme co-ordinated by award-winning M.G.C. Group

Seven new members stepped up to the board of Universal Life at the Extraordinary meeting on Friday. The passing of two motions–one for the termination of the old board, and one for

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

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

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

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

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

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

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

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