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 performance during the year. The record date for participation in the dividend has been set for June 6, 2005. Based on the 7.5

Money and Banking Statistics published on the website of the Statistical Service CYSTAT show that banks have been squeezing more and more out of their customers over the past few years, by charging more for their loans and giving out comparatively less in deposit interest. Since interest rates were liberalised in 2001, spreads have shot

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 and more competition in the telecom sector. The RIO charges for fixed connections were slashed from 0.48 cent for single transit to 0.32

The Council of Ministers approved today at its weekly meeting the signing of the Accession Treaty to the European Union of Romania and Bulgaria. Speaking after the Cabinet meeting, Government Spokesman Kypros Chrysostomides said that both countries would join the EU as full members in January 2007. Cyprus joined the Union in May last year

Hellas Jet set to close The future of troubled national carrier Cyprus Airways (CAIR) looked bleak at the beginning of this week following news that the European Commission will delay its decision about whether the Cyprus government can guarantee a CYP 30 mln rescue loan. The European Commission will not hear the case now until