Filenews 5 December 2021
By Socrates Ioakim
socratis@phileleftheros.com
At an advanced stage are the actions of a well-known airline for direct flights, for the first time in many years, from Larnaka airport to Paris airport, Charles de Gaulle. As is well known, for the time being the air connection between Cyprus and France is made from the airports of Marseille and Bove.
The airport of Beauvais Tille Airport (BVA), however, is quite far from the centre of Paris, around 85 kilometres and is a small airport, without many amenities. The airport is located in the Tille area, just outside the city of Beauvais and is a base for many low-cost airlines, such as Ryanair and Wizzair.
Charles de Gaulle, by contrast, is one of the largest air hubs in the world and also the largest airport in France. It was named in honour of the 18th President of France, Charles de Gaulle. It is the 5th largest airport in the world in passenger traffic, the 8th in the world in aircraft traffic (and 1st in all of Europe) and the 7th in the world in terms of freight traffic. The airport is the headquarters and hub of Air France. It was inaugurated in 1974 and replaced Orly Airport, as the largest airport in the country.
On the table the ATA/Minimum wage
On the table of the social dialogue in order to find the right balance will be raised very soon the issue of the ATA and the opposing views of the workers, who are calling for its reinstatement and of the OEB who are calling for its abolition. The column, however, believes that the golden mean will be the extension of the existing agreement, which expires at the end of this year, as on the one hand the employers' organizations cite the increased costs, which they link to the introduction of a national minimum wage, and on the other hand the guilds consider that the ATA is a blessing for the workers. For discussion, however, in the context of the pension reform, the issue of lifting the actuarial reduction of 12% will also be raised for those who retire at the age of 63.
Jobs opened at OEB
The Federation of Employers & Industrialists (OEB) accepts applications until 10 December for the filling of two positions related to the implementation of the Measure "Promotion of Circular Economy in Hotel Facilities", within the framework of the Cyprus Recovery and Resilience Plan (2021-2026). Specifically, he opened a position of An Officer of the Department of Energy & Environment specializing in circular economy, RES and energy saving with emphasis on the hotel industry and a position of Officer of the Department of Energy & Environment specializing in circular economy and sustainability with emphasis on the hotel industry. The above measure is funded by the European Union Recovery and Resilience Facility, under the "Next Generation EU" instrument. Candidates should have experience in managing European programs, as well as experience and/or expertise in circular economy and sustainability issues in the hotel industry. We, however, are pleased to see employers' organisations supported by new staff and to make the best possible use of European funds.
How much did Logicom pay the Greek
Payments made pursuant to agreements between Hellenic Bank Public Company Ltd (the "Company") and Logicom Solutions Limited and NewCytech Business Solutions Ltd, which are 100% subsidiaries of Logicom Services Ltd, which indirectly holds more than 5% of the issued share capital of Hellenic Bank, were notified to the CSE. The agreements in question concern the purchase of advisory services, support services and other related IT services, equipment, software and other related products, as well as licenses, for the period 01.01.2021 – 30.09.2021. The total amount paid by the Company in connection with the agreements with Logicom Solutions Limited amounts to €4,684,161.19 including VAT (where applicable) and the total amount paid by the Company in connection with the agreements with NewCytech Business Solutions Ltd amounts to €2,453,664.83 including VAT (where applicable).
For sale the most famous building of Kyperounta
The amount of €600,000 from interested investors is requested by Altamira for perhaps the most famous commercial building in the community of Kyperounta. It is a two-storey building with a mezzanine and a basement. The ground floor of the building consists of office spaces, a kitchen and a toilet. The mezzanine consists of office spaces and a kitchen, while the 1st floor consists of offices. In the basement there are parking spaces, warehouses and an EAC substation. The area of the ground floor amounts to 293 sq.m (approximately), the mezzanine floor to 200 sq.m (approx.) and the 1st floor to 118 sq.m (approximately). Part of the ground floor is rented for €100/month. The remaining part of the building is rented to a banking organization for €2000/month. The EAC substation is rented for €85.43/year. The total rent is €2117/month. The total return is 4.2%.
Zara returns to the Ortega family
Inditex has announced that Marta Ortega Perez, daughter of the founder of the Spanish clothing group Zara, is set to become the new president. Ortega will succeed Pablo Isla Alvarez, executive chairman since 2011, who will resign from his post on March 31, 2022, the company stressed. Ortega's father, Amancio Ortega, founded the company, which has Zara and Pull & Bear in its portfolio, among others. His latest move, with the placement of 37-year-old Marta at the head of the Group, brings the Zara chain back under the control of the family, after a decade run by "foreigners". Amancio Ortega, 85, resigned as president in 2011. However, he remains the main shareholder with 60% in the company, which makes him one of the richest people on the planet with a fortune valued at $73 billion. For the record, Inditex's stock slid 6% as soon as the news of the succession became known, "erasing" more than $3 billion of the property of Amancio Ortega.
Searchlight Capital invests in plc Louis
In an agreement with the international investment fund Searchlight Capital Partners for the recapitalization of Celestyal Cruises Ltd and the conclusion of a strategic partnership has come the Louis plc, which signed the relevant agreement this week. Under the terms of the agreement, Searchlight Capital Partners will initially grant Celestyal Cruises €30 million in funding. and an additional €10 million, in the form of credit facilities. The agreement also provide for the provision of additional financing of up to €30 million, subject to the satisfaction of specific terms and conditions, in support of the company's development plans, including the renewal of its fleet. Celestyal Cruises will also capitalize €31.75m, which was granted to it on loan by Louis Hotels. Subsequently, all the shares of Celestyal Cruises will be sold to a newly formed parenting company which is 100% owned by an also newly established limited liability cooperative.
They "pushed" the economy
The growth rate of the economy in the third quarter of 2021 is positive and is estimated at 5.5%, compared to the corresponding quarter of 2020, according to a press release issued by the Statistical Service of Cyprus.
After the GDP correction for seasonal fluctuations and working days, the growth rate is estimated at 5.6%. The positive GDP growth rate is mainly due to the sectors: "Hotels and Restaurants", "Manufacturing", "Transport, Warehousing and Communications", "Wholesale and Retail Trade, Repair of Motor Vehicles", "Arts, Entertainment and Entertainment", "Other Service Activities". However, the truth to say the growth in a time of pandemic, confirmed the resilience of the Cypriot economy. The issue should now focus on reducing public debt and continuing prudent management.
