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Greece’s New Airline ‘Cycladic’ to Facilitate Island HoppingSouth Aegean Region Governor George Hatzimarkos inaugurated this week flights of a new and first-ever inter-island airline in Greece aimed at facilitating island hopping between the Cyclades, Crete and Rhodes.Based in Paros, Cycladic started this month offering air transport services to a number of islands in the Cyclades complex, including connections to Paros, Mykonos, Santorini, Syros and Milos (starting next summer), as well as to Crete (Chania and Heraklion) and Rhodes.
Young Greeks priced out as inflation, rents soar
Fresh fears Rishi Sunak could abandon the state pension triple lock againThreat comes as the Government's ‘fiscal statement’ is delayed to November 17The state pension triple lock is under threat again after new Prime Minister Rishi Sunak refused to commit to the policy that protects millions of retirees from inflation.Under the triple lock, which the Conservative Party committed to in its 2019 manifesto and Liz Truss promised to maintain, the state pension is increased every April in line with the highest of either inflation, wage growth or 2.5pc.But when pressed on the issue today, the Prime Minister's spokesman said: “That is something that is going to be wrapped up into the fiscal statement, we wouldn't comment ahead of any fiscal statements or budgets.
Tory ministers urged to hand back ‘farcical’ redundancy paymentsRe-appointed ministers entitled to 25% of salary payment in ‘revolving door bonus’ Newly re-appointed Conservative ministers are facing calls to forego their redundancy payments following Rishi Sunak’s reshuffle.Recent Tory turmoil means several sacked ministers – now back in government – are able to claim hefty pay-outs at the taxpayers’ expense.The Liberal Democrats described the arrangement a “farce” and called on ministers to return their “revolving door bonus” to help struggling families with the cost of living.Dominic Raab, sacked by Liz Truss but reappointed as justice secretary and deputy PM, would be eligible to receive £16,876 despite only being out of a job for seven weeks.Steve Barclay, made health secretary by Mr Sunak after being sacked in September, would also be entitled to the same ministerial redundancy pay-out.It is not clear whether home secretary Suella Braverman will accept her redundancy payout after she was reappointed only six days after she was sacked by Ms Truss over a security breach.Those departing from government are entitled to 25 per cent of the annual salaries they were paid for holding ministerial office.
Essential medicines in short supplyGreece is struggling with a serious drugs shortage as more than 400 essential medicines are unavailable, with patients and pharmacists struggling to cope, according to the Athens Pharmaceutical Association. According to pharmacists, more than 200 drugs for almost the entire range of ailments are in a permanent state of shortage. The main reason cited by pharmacists for the drug shortages is the ever-increasing parallel exports. As Valtas pointed out, Greece has the lowest prices for medicines in the EU, which makes exporting them very profitable for drug distributors.Tellingly, the profit of pharmacies for the preparations they distribute is set at 4.67% in Greece, which can be multiplied when distributors sell the preparations abroad. Based on the price at which the preparations are sold abroad, the profit for a very common collyrium eye wash reaches 189%, for a preparation for asthma it climbs to 106.7%, and 80% for a preparation for migraine and a staggering 277% for a muscle relaxant.
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