The real estate sector contributes some CYP 1 bln to the economy, with foreign currency earnings for the sector in the region of CYP 500 mln, according to Chamber of Commerce (KEVE) General Secretary Panayiotis Loizides. The KEVE official added that the construction and property sector employ 30,000 people and that this part of the

Bosses blast union jobless data The Employers and Industrialists Federation (OEV) have released new data based on Ministry of Labour statistics showing that unemployment figures show a steady drop to below the 2001 levels. According to the statistics department of the Ministry’s social insurance services, the jobless figures stood at 10,799 in 2004, a drop

Epson Middle East has launched the Perfection 4990 Photo scanner featuring a high optical density of up to 4.0 Dmax which can distinguish a broad spectrum of subtle colour variations reproducing tonal quality previously unmatched in a film scanner of this size and price point. The Perfection 4990 Photo is aimed at photo enthusiasts and

Logicom Public Co. Ltd. (LOG) hiked its dividend for 2004 to 0.90 cent per share from 0.70 cent per share in 2003 on the back of a satisfactory increase in results. Based on the most recent closing price, the dividend yield amounts to 3.8%, according to Financial Mirror calculations. The dividend will be paid on

Libra Holidays Group (LHG) posted its first quarter results, ending January 31 2005 reporting a net loss after minority interest of CYP 4.49 mln compared to a loss of CYP 10.24 mln in the first quarter of 2004. Libra said the results are not comparable since they don’t include the results of Excel Airways Group

Alliance International Reinsurance Company Ltd. (ALL) has declared a final dividend of 4% on nominal value or 0.40 cents per share for 2004, lifting its total dividend for the year to 0.90 cents per share for a yield of 5.7%. All released its final audited results, reporting that gross premiums written for the period 1