Improved Agreement for Larnaca and Paphos Airports
September 13, 2024
The Audit Office has made improvements to the new agreement between the Republic of Cyprus and Hermes Airports regarding the development of Larnaca and Paphos airports. The agreement includes compensations and an extension of management. The new agreement is seen as positive, particularly for the waiver of claims related to the illegal airport in Tymbou. There are indications that the processes are becoming more transparent and efficient.