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Financial Mirror (Cyprus) - - FRONT PAGE -

(ex­cept Cyprus Air­ways, of course) have warned that the sched­ules to the is­land could be cut back from June, with costs ris­ing by as much as 140%. The na­tional car­rier en­joyed a pref­er­en­tial treat­ment with­out rel­e­vant air­port fees be­ing im­posed.

Ca­ble TV wars:

Lu­miere TV Pub­lic Co went on the coun­terof­fen­sive af­ter com­ing un­der a bar­rage of crit­i­cism fol­low­ing its con­tent man­age­ment deal with Cyta to move its trans­mis­sions to the miVi­sion plat­form. An­tenna and Sigma bosses called the deal detri­men­tal to tax­pay­ers, while LTV bosses coun­tered that the CYP 165 mln deal over 15 years, amounts to as much as Lu­miere would pay for its own pro­gram­ming, plus op­er­at­ing costs.

Share prices surged to fresh five-year highs on the CSE on news that UBS upped its stock es­ti­mate for Bank of Cyprus to CYP 6, based on bumper prof­its. With the com­bined mar­ket cap ris­ing to CYP 4.6 bln, the prof­its of all CSE-listed com­pa­nies is es­ti­mated at CYP 196 mln in 2005, a turn­around from the 20.7 mln com­bined losses re­ported in 2004.

In our front page pho­to­graph, show­ing UN chief

UBS ups BOC:

Kofi An­nan Pa­padopou­los

and Pres­i­dent Tas­sos

in Paris, the two com­mu­nity lead­ers agreed to start tech­ni­cal talks af­ter a long pe­riod of si­lence. Mehmet Ali Talat was ab­sent and re­cov­er­ing from a heart op­er­a­tion.

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