Russian airline acquires Cyprus Airways logo
A subsidiary of Russian airline S7 has acquired the rights to use the logo of defunct carrier Cyprus Airways for 10 years at a cost of 2.04 million euros, under a deal signed yesterday. The $2.25 million agreement signed in Nicosia allows new subsidiary Charlie Airlines to display the logo – a mouflon mountain sheep which Cyprus says is native to the island – on its aircraft on flights to and from the eastern Mediterranean holiday
Tax inspections. The General Secretariat for Public Revenue announced it will increase inspections in areas of Greece where tax evasion is extensive, such as tourism resorts. From July until the end of September the inspectors will conduct about 30,000 checks, with some staff being transferred from other agencies too.