In 2017, more than 88 million passengers were carried. The airport is ranked 3rd in the world, behind Atlanta Airport Beijing Airport and rome airport. The airport, which has already been completely renovated, is located about five kilometers southeast of the city center. Due to its foreseeable capacity limit, the new Dubai-World Central International Airport is currently being created.

In 1937, Imperial Airways started to operate weekly services at stations such as Karachi and Southampton. The British Overseas Airways Corporation (now British Airways) took over Dubai’s aircraft business in the 1940s.

The construction of the dubai airport was commissioned in 1959 by the then ruling Sheik Rashid bin Said Al Maktum. Initially, the 1800-meter runway allowed the airport to handle only Douglas DC-3 aircraft. A 2800-meter runway was opened in 1965 and numerous hangar extensions were inaugurated. In 1969, nine airlines operated connections to some 20 mostly regional destinations. In the 1970s, a 13,400 square meter terminal and a new control tower were built. The runway was extended to 3810 meters shortly afterwards to allow long-range aircraft to be cleared. In 1984 the second runway was opened at 4447 meters. With the rise of the economic metropolis of Dubai since the 1980s, the importance of the airport increased further.

In 1998, Terminal 2 was opened as the first step in the development plan and was inaugurated in 2000 Concourse 1. In 2004, the construction of Terminal 3 was started, which cost approximately EUR 3.63 billion. The new terminal was operational on 14 October 2008.

The airport now has one of the largest duty-free shops in the world.

According to reports, until mid-May, a few days before the European elections and the first round of regional and municipal elections, the resale price of a taxi in Athens ranged from 110 to 115 thousand euros. These levels – far from the historic highs – had been moving upwards in recent months, and mainly after the UBER X bans a year earlier.

The result of the election has stalled this upward trend, and according to market circles, the license price is below 100,000 euros – a drop of 20% – while there are few who claim it is now moving to 80,000 euros. . According to many motorists, this sharp decline is due to the apparent shift in the political scene translated by the industry and the possible return of UBER X to our country. But there are a few who claim that this is a “game of mantras” who want to drop prices to buy cheaper licenses.

SATA: No fear
The fact that the political part has played and is expected to play an important role in the developments in the sector is also evidenced by the announcement issued by SATA a few days after the elections as, among other things, he stated: “(…) The taxi has succeeded, We will continue our honorable daily struggle, protecting our work, our profession, our family, with respect to Greek society and our homeland, so no fears. us Mrs. We do not give it to anyone, nor do we sell it to anyone.Every government that emerges from the forthcoming national elections is obliged to comply with European law and the Greek legislation applicable to passenger transport, and its position has long been known. And it expresses not only Liberopoulos but the vast majority of colleagues … “.

Taxi Permits: Why they lost 20% of their value after the election

Kiranakis: Taxi drivers have nothing to worry about with the ND program.

New Democracy MP Costas Kiranakis also spoke about his position on UBER and the taxi industry yesterday in the show “Drown The Tumbler” on Sport24 Radio. Among other things Mr Kiranakis said: “New Democracy has said that there will be the same conditions, same taxation, licensing among all drivers. Whether you are on a Taxibeat-type platform, whether you are on a P / T or doing the profession in general There will be the same conditions, so our taxi drivers have nothing to worry about with the ND program.

Now my personal opinion is that we are moving into a time when this profession of driver whether you are an Uber or a taxi is going through another phase. In a few years in Greece we will have Shelf driving cars and we will have a transition to share economy. When all the studies say that our cars are parked 95% of the time, we get into a model that other countries have embarked on a model where you share. As you share an apartment, you share a car, you share a workplace, so will cars. So I advise my fellow travelers at this stage to think very seriously about their own professional future. Because international reality shows that we are going to model Shelf driving cars in a model that the driver’s profession is under threat and this is not what Kyranakis says. ”

source: athens airport taxi

It’s a sign of the fragility of the world economy that the debt problems of Greece, a nation the size of Ohio, can throw global markets into turmoil, cause a run on one of the world’s premier currencies, and call into question the viability of the European Union.

That’s not all. Some see the tremors emanating from Athens as the precursor to a debt earthquake that could engulf much of the developed world.

If Greece today, who will it be tomorrow? Bond markets have already begun to speculate: debt-laden Portugal? Slow-growing Spain? It’s possible the crisis will jump to Britain, Japan, or even to the United States.

The implications of a debt crisis spreading beyond Europe have already rattled stock markets. Here are eight reasons you should be paying attention, too:

1. Because it will impact your neighborhood tool-and-die maker.

The financial crisis has caused the value of the euro to plummet, making it harder for the US and other nations to boost their economies through exports.

As the world’s largest trading bloc, the European Union (EU) represents 7 percent of the world’s consumers but a fifth of world trade. The dramatic fall in the value of its currency thus has major implications.

If the euro doesn’t recover, exports to Europe will fall because they’ll be more expensive relative to goods already made in Europe. Similarly, the US, China, and other nations may find it more difficult to export in general, since competition would intensify with European companies, whose goods and services have suddenly become cheaper.

That doesn’t automatically mean Europe’s slowdown will undercut America’s economic rebound. “Problems in Europe could dent our recovery, but not abort it,” says Barry Eichengreen, an economist at the University of California, Berkeley.

2. Because it could affect things at the bank window – again.

If one or more of the highly indebted nations defaults, it may well trigger another banking crisis, not just in Europe but worldwide.

France holds nearly a third of Greece’s debt, a fifth of Spain’s, and a sixth of Portugal’s. Germany holds a smaller share of Greece’s debt but similar proportions of the debt of the other two. Should one of these nations default, European banks would be hit hard, raising questions about their ability to survive. (See chart, page 29.)

In 2008, concerns about the viability of US banks brought the financial system to the brink of collapse. “You’ve got the ingredients for a major banking crisis,” says Rob Parenteau, who edits the Richebächer Letter, a weekly and monthly financial newsletter, from his base in Berkeley, Calif.

3. because your portfolio will rise and fall like the bay of fundy.

The stock market, which abhors uncertainty, now has a fiscal crisis that could weigh on global investor psychology for months, if not years.

Investors have already had a foretaste of what euro worries alone can to do US stocks. After hitting a 19-month high on April 26, the Dow Jones Industrial Average plunged more than 7 percent in two weeks, regained 5 percent the following week, then fell again as the euro reached new multiyear lows against the dollar. Expect more volatility as asset bubbles and other imbalances in national and company ledgers emerge – and not just in Europe.

“These are all manifestations of the same core problem: massive debt that can’t be repaid,” says George Feiger, chief executive of Contango Capital Advisors, a wealth management firm based in San Francisco. “We will shuffle it around and disguise it. But it keeps popping up.”

What nations have to figure out is who will pay down the debt: Will homeowners and taxpayers shoulder the burden? Or will banks, hedge funds, and other creditors write down – in effect, forgive – part of the red ink?

The challenge is that every write-down involves a loss for somebody, perhaps a big investor or a retiree dependent on a pension fund, Mr. Feiger adds. This is to say nothing about what a collapse of the euro would mean. The global loss of wealth, one way or the other, could be huge. Keep the phone number of your investment adviser near by.

Greeks, at the epicenter of fears over European debt, have been hit hard by austerity measures meant to pull the economy out of recession and opinion polls show they demand retribution in a country where corruption is widespread.

‘Restoring transparency in tax collection, as well as the reputation of the tax administration in general, is essential not only for improving public revenues but also in order to instill a sense of social justice and establish a trustworthy relationship between citizens and the state,’ the ministry said.

The internal inquiry will investigate 50 complaints, mostly against tax offices and customs agencies, in cases including accusations of bribery, illegal economic activity, smuggling and corruption, the ministry said in a statement.

It will also investigate 234 employees who have not filed tax declarations for 2007-2008, as well as others at random, and examine the property holdings of 70 employees.

‘The average real estate holdings for these employees is valued at 1,228,337 euros (S$2,141,000), while their average declared income is 50,834 euros,’ the ministry said. The employees have property holdings ranging from 800,000 euros to 3 million euros, it said. To shore up its services and help restore confidence, the ministry said it was completely reorganising tax collection mechanisms and had replaced 20 directors under whose supervision various offices failed to meet collection targets. — REUTERS