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(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.