The Livadia antiflood channel upgrades are scheduled to be finished by late 2025, with over €3 million in funding from the EU. These enhancements will bolster flood defenses, add recreational paths, and promote community resilience in the face of climate change, shaping a brighter future for the borough of Livadia.
The Larnaca port development faces uncertainty after ending its contract with Kition Ocean Holdings. Cyprus Ports Authority seeks a €8.4 million budget to manage operations temporarily, awaiting a government decision by late August amid deliberations on the project’s future.
The Research and Innovation Foundation (RIF) is offering €1.6 million through the ‘Commercial Proof of Concept – Energy’ program to support the development of energy technologies for commercial use. Innovators can receive up to €200,000 to improve performance, reliability, and costefficiency, paving the way for a sustainable energy future.
The RIF’s new €930,000 initiative aims to boost innovation in product development for larger businesses, offering support for hiring skilled staff, streamlining processes, and providing financial incentives. With a focus on empowering businesses through innovation, the program seeks to enhance competitiveness, contribute to economic growth, and create a more innovative future for Cyprus.
Cyprus is on the brink of a pivotal decision regarding its involvement in the Great Sea Interconnector project, awaiting a crucial costbenefit analysis due by late June to determine its €100 million investment. The outcome will not only impact regional energy integration but also shape the future funding and infrastructure decisions for the project, with Cyprus contemplating shouldering 63% of the project’s increased costs.
The Nicosia sewerage system renovation project, funded by the EU and UNDP, is replacing hazardous asbestos pipes to ensure public health and system resilience. The initiative, vital for the city’s infrastructure and crosscommunity cooperation, aims to maintain the uninterrupted operation of the wastewater management system in Nicosia.
Cyprus is gearing up for the European parliament and local government elections with a focus on enhancing governance through local clusters and an additional €3 million for staff salaries. Community leaders are actively engaging in preparations to ensure a smooth electoral process and efficient management within communities, setting the stage for a transformative administrative overhaul.
The Research and Innovation Foundation (RIF) unveils new research support initiatives with a hefty €14.5 million investment in scientific innovation. The Excellence Programme offers up to €200,000 for individual projects in life sciences, physical sciences/engineering, and social sciences/humanities, while the PostDoc Programme provides funding up to €150,000 for the former and €120,000 for the latter, aiming to bolster the next generation of researchers.
Cyprus commits €14.4 million to help SMEs embrace circular economy practices, supporting investments that boost sustainability and environmental impact. Eligible businesses can receive up to €400,000, excluding sectors like fishing and agriculture.
The European Union is set to bolster ties with Egypt through a $56 billion funding package, focusing on renewable energy, trade, and security sectors. The move aims to address regional stability and migration issues in the region, marking a new chapter of cooperation between the two entities.
