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Financial Mirror (Cyprus) - - FRONT PAGE -

pro­ceed to sign the op­er­a­tor deal for the two air­ports with Her­mes, headed by the Sha­co­las Group, de­spite ob­jec­tions from Al­terra and J&P. Thra­sou said that the new ten­der process could take four years, with four more to build them, set­ting the new air­ports back to 2013. The cur­rent cost of the pro­ject is set at CYP 500 mln. Air­lines are over­charg­ing on Greek fares, with hun­dreds of thou­sands of pas­sen­gers pay­ing CYP 12.50 in hid­den charges, ac­cord­ing to Akis Kelepeshis of the travel agents’ as­so­ci­a­tion ACTA. He said while air­port tax at Lar­naca is CYP 9 per

Travel rip-off:

per­son and 20.50 at Spata (Athens), air­lines here are charg­ing CYP 41.50 per per­son.

FDI

tops

EUR

360 mln:

For­eign di­rect in­vest­ments in the past five years has to­talled EUR 360 mln, with the in­ter­na­tional busi­ness sec­tor con­tribut­ing 6% to GDP nad em­ploy­ing 3,100 lo­cals. In­ter­na­tional Busi­ness As­so­ci­a­tion (CIBA) Pres­i­dent Chris Ko­u­faris also said that the Min­istry of Com­merce is plan­ning to cre­ate a one-stop-shop to help non-EU skilled work­ers se­cure work per­mits .

The labour dis­pute be­tween Arab Bank and the work­ers union ETYK over the re­dun­dancy of 68 em­ploy­ees will go to Min­istry of Labour ar­bi­tra­tion. The bank has al­ready shut a num­ber of branches cit­ing a se­vere drop in busi­ness.

Arab Bank dis­pute:

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