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Financial Mirror (Cyprus) - - FRONT PAGE -

clear­ance be­yond 2.30pm and EUR con­vers ion , mean­ing that the ini­tial tar­get of Jan­uary 1 will be missed for at least three months, if not to the end of the year, ac­cord­ing to CSE Chair­man Akis Clean­t­hous.

CyTA ex­pan­sion:

The state-owned telco is ex­pand­ing in the Bri­tish mar­ket where it re­cently launched CyTA UKn and plans to pro­vide whole­sale ser­vices in Greece through CyTA Hel­las SA, as well as in Hun­gary through its 80% stake in Ac­tel, with triple play (voice, In­ter­net, Ca­ble TV) of­fered from March 2006.

Travel surges:

Travel abroad has surged 16% in Novem­ber with Greece the top des­ti­na­tion for Cyprus res­i­dents, fol­lowed by the UK, Rus­sia, Is­rael and Egypt.

Turk­ish

em­bargo:

For­eign Min­is­ter Ge­orge Ia­covou said that Tur­key is on a “col­li­sion course” with the EU over Ankara’s re­fusal to open its ports and air­ports to Cyprus com­pa­nies. Ankara be­gan mem­ber­ship talks on Oc­to­ber 3 and a progress re­view is ex­pected within 2006, as en­try talks may hit a cri­sis over Cyprus.

CAIR dead­line:

Cyprus Air­ways unions were given an ex­ten­sion un­til Fri­day to re­spond with their fi­nal an­swers to the con­tro­ver­sial re­struc­tur­ing plan, that will in­clude 500 re­dun­dan­cies, salary cuts and other mea­sures.

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