Until recently we had the impression that foreign well-sounding brands were the criterion of buying e.g. clothing from €100 to €500, because they are of an international brand and therefore if you are show-off who seem to be the majority, not only will you buy the brand, but with great pride you will tolerate the … Read more
Interest in Larnaca’s marina and port remains high despite the divorce between the Government and Kition Ocean Holdings. The Emir of Qatar has shown interest in the project, along with other suitors within the country. The proposal to separate the project and focus on the marina has gained ground, with the Government open to discussions and forming a working group to expedite the process. The Larnaca Municipality demands greater involvement in the project’s future, with plans for a committee to conduct a techno-economic study. The matter will be discussed in the House Transport Committee, and the Ministry of Transport will take over the management of the marina.
The text discusses the potential impact of a Biden or Trump presidency on the US economy. The analysis covers eight major economic categories, including domestic manufacturing, higher education, healthcare, housing, labor, taxes, tariffs, and trade. Biden and Trump have different plans and approaches to these economic categories based on their past records as president and their campaign promises. Biden focuses on issues like lowering prescription drug costs, investing in the future, supporting workers and small businesses, and ensuring fair taxation. Trump, on the other hand, has proposed plans such as protecting American car manufacturers, imposing tariffs on foreign-made cars, and focusing on fossil fuels. The text also highlights the differences in their views on student loan debt, healthcare, housing costs, labor unions, taxes, tariffs, and trade policies.
Tennessee’s Republican-dominated legislature passed conservative laws this year, including allowing teachers to arm themselves in class. Other bills included providing government-funded vouchers to private schools, tax breaks to corporations, civil penalties for aiding minors with abortion, and restricting library materials. The state also passed a bill allowing public school teachers and staff to carry guns.
ExxonMobil announced the closure of its Hunterdon County research facility to consolidate operations at its headquarters in Houston, resulting in most jobs being offered the opportunity to relocate.
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.
Larnaca stakeholders are concerned about the €1.2 billion investment in the marina and port, but the city’s building boom and other planned investments of hundreds of millions of euros are positive signs for development. At the Property Show Larnaka 2024 conference, the Chamber of Commerce, businessmen, and other stakeholders expressed confidence that the redevelopment of the port and marina will proceed. Businessmen highlighted new projects and foreign investor interest in Larnaca. The city’s development will continue with major projects like the Larnaka-Land of Tomorrow development by Petrolina Group, costing over €1 billion. Other major developments are planned by Patroklos Group and Quality Group.
The hot potato regarding the Paphos Cultural Foundation has been delayed for three years and is being transferred to the new, more populous Paphos Municipal Council that will emerge from the June elections. The current Municipal Council’s lack of progress on the matter is final, attributed to efforts to divide positions rather than appointing culture-minded individuals. The new council is hoped to have a proper perspective to implement the plan, which aimed to resume cultural activities from where “Paphos 2017” left off. However, recent allegations by the Cultural Movement ex-Artis accuse the Municipality of Paphos of irresponsibility, claiming that artworks placed in the city as part of the Cultural Capital initiative are missing and at risk of being destroyed. Specifically, three sculptures, including works by Rinos Stefani and Herman Pitts, are missing, and the movement calls on the Municipality to locate and reposition them.
Livadia is one of the most rapidly developing areas of Cyprus, with significant investments and construction growth. The area has seen a surge in interest following the removal of oil tanks and the lifting of the Seveso directive. A €50 million investment from an Israeli company is underway for luxury apartments, with plans for a boutique hotel. Road works are needed to accommodate the population increase, including the completion of Panagouli Avenue. The area also requires new schools, with projects underway for a regional Primary School and redevelopment of the traditional core of the community.
Limassol municipality is preparing to sign contracts for the redevelopment of Heroes’ Square and its surrounding lanes, with construction expected to start in the coming months. The project, named Everyday Heroes Square, will feature a smart floor with sustainable rainwater management systems, the Little Rialto, Ideas for All Greenhouse, and Hanging Gardens, and will pedestrianize certain streets to increase public space. The contracts, worth approximately €3.4 million, are anticipated to be finalized soon, with the project beginning in June 2024 and expected to last 18 months. This initiative is funded by a grant from the European regional development fund, following the signing of construction plans in January 2021. Limassol mayor Nicos Nicolaides emphasized the project’s importance to the municipal council.