economic implications

construction material prices cyprus

Construction Material Prices See a Dip from Last Year

In March 2024, the construction material price index in Cyprus increased by 0.21 percent, with metallic products witnessing a significant drop of 6.45 percent and wood falling by 0.59 percent compared to the previous month. Overall, the first quarter of 2024 saw a 2.05 percent decrease in material costs compared to the same period in 2023, indicating a potential easing of costs for construction projects in the country.

environmental taxation sustainable practices

Green Taxes to Roll Out by End of 2024

President Nikos Christodoulides plans to implement green taxes by the end of 2024 to promote ecofriendly habits and energysaving practices. Stakeholder collaboration will be key in the transition towards sustainability, with compensation measures and incentives playing a crucial role in encouraging individuals and businesses to adopt greener practices.

environmental sustainability waste management

Cyprus Advances Waste Management with ‘Pay as You Throw’ Initiative

Cyprus is revolutionizing waste management with its ‘Pay as You Throw’ initiative, charging residents based on the amount of waste they dispose of to promote recycling and reduce environmental impact. This ecoconscious move aims to instill a culture of responsibility and transparency in waste generation, setting an example for global sustainable practices.

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