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