Cyprus Minister of Finance Makis Keravnos forecast a real GDP growth rate of at least 4% for the Cyprus economy in 2005 and maintained the ministry’s forecast of a budget deficit of 2.9% of GDP in 2005, compared with 4.2% in 2003. In the first quarter, real GDP grew by 3.9% year on year and

A. Tsokkos Hotels (TSH) surprised markets with the declaration of bumper dividends for three years combined in one super payment, giving a satisfactory yield of 7%. At a meeting held on June 24, 2005, the Board of Directors of A. Tsokkos Hotels Public Ltd decided to pay an interim dividend of 0.4 per share for

Libra Holidays Group Public Ltd. (LHG) reported its first half results for the period ending April 30, 2005 which for the first time does not exclude the results of Excel Airways but including the results of Helios Airways. Libra sold its stake in Excel Airways in March 2004 to Air Atlanta and subsequently purchased the