Themis Portfolio Management invites the public to seize unique investment opportunities in plots of land available through an electronic auction from 12 to 28 June 2024. On the eauctions platform, Themis offers 186 fields which include residential, agricultural and livestock parcels in various regions of Cyprus.Below we present some of the many available for online … Read more
Astrobank is opening a new branch in the Dali area in Nicosia, which is considered an underserved location with no existing banking facilities. The bank will seek regulatory approval from the Central Bank of Cyprus to distribute dividends and aims to reduce non-performing loans to single digits by July. Astrobank has a capital adequacy ratio of 23.7% and has already met the Minimum Requirements for Own Funds and Eligible Liabilities. The bank is optimistic about the future and is open to acquisitions and evaluating new opportunities in the banking sector.
Fact: Nicosia will host several festivals this Friday, Saturday, and Sunday, including the On Bodies Fest and the 3rd Femme Fest.
Cyprus is experiencing a significant development boom with billions of euros being invested in various projects, including infrastructure improvements, new marinas, hotels, medical centers, university buildings, golf courses, schools, and residential properties. These projects are expected to bring multiple benefits to the country, transforming its landscape and contributing to economic growth. Major investments include golf resorts like Limassol Hills and Eagle Pine, as well as marinas such as Larnaca Marina and the upcoming Paralimni Marina. Education-related developments are also underway, and road infrastructure projects across the island are crucial for improving residents’ quality of life.
A factory in Nicosia’s Dali and Latsia purchased €1 million in equipment before receiving the necessary permits. Residents are concerned about the factory’s suspicious activity and have called on authorities to stop the project. Residents also raised concerns about the factory changing its permit without public consultation and the potential environmental impact of the factory’s waste. Residents have until May 10 to raise objections through a public consultation process.
The Citizens of Idalion-Latsia are urging various government bodies not to allow the operation of a new polluting industry in their area. They are concerned about a factory attempting to change its use to aluminum processing without proper permits and with an environmental study full of inaccuracies. Residents have identified gaps and inaccuracies in the environmental study, particularly regarding waste management and fire prevention measures. The area is already burdened with pollution and environmental disturbance, and the addition of the factory’s activity could have multiple negative consequences for the health of the residents. The public is encouraged to submit objections to the factory’s operation before May 10.