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placed with investors at CYP 2.58 a share.
Tourism is expected to grow 5% in 2006, with the UK remaining the biggest market with a 50% share, said Akis Kelepeshis of the Association of Travel Agents (ACTA). Airlines have also agreed to merge the fule surcharge into ticket prices, while agent commissions may be replaced with a CYP 5
Cyprus Airways staff (Ed. Remember them?) have won concessions, as Tourism Minister George Lillikas said the differences with unions in the take-it-or-leave-it deal were still wide, admitting that a rejection of the new rescue plan is unlikely as the government has conceded to most of the “red line” demands.
Telecoms Regulator Vassos Pyrgos said that despite liberalisation, state-owned Cyta still holds a massive 93.5% share of the mobile market, 97% of fixed telephony and 94% of Internet customers.
Cherie Blaire QC, wife of Prime Minister Tony Blaire, has caused a storm among the Cypriot community in the UK for defending the Orams couple in the property case involving Greek Cypriot land usurped during the 1974 Turkish invasion.