CTC to take over retail management at airports

The final 25-year duration agreement regarding the construction, development and operation of the Larnaca and Paphos airports by Hermes Airports Ltd has been signed and operation has been transferred to the consortium.

VAT to rise to 19% in Germany

Germany plans to increase VAT from 16% to 19% as part of a wider tax set of tax increases that aim to bring the big budget deficit under control. The new VAT