Limassol Blu Marine, a luxury residential development by Leptos Group, offers a prime location with access to top amenities like gourmet restaurants, chic boutiques, the Limassol Marina, and upcoming attractions like the Limassol Eye for panoramic city views. Residents can enjoy both urban excitement and coastal charm in the heart of Limassol, making it a new beacon of luxury living in the dynamic core of the city.
The Urban Traffic Control (UTC) system, a €7 million project in Nicosia and Limassol, will coordinate 125 intersections using realtime data to streamline traffic flow and reduce travel times. Scalable to connect up to 500 intersections, this innovation promises to revolutionize urban transit efficiency in Cyprus.
The old GSP stadium area in Nicosia is set for completion in autumn, featuring a vast pedestrian expanse near the historic walled city, a new archaeological museum, a revamped municipal theatre, a plaza with a water feature, around 550 parking spots, and a “green lung” with lush plantings for sustainable urban growth. The project, spearheaded by Nicosia mayor Constantinos Yiorkadjis, aims to create a vibrant public space that repositions the city as a cultural and recreational hub, emphasizing sustainable urban growth and environmental consciousness for years to come.
Limassol’s Heroes Square is in for a major transformation with a new dynamic design aiming for sustainability. The ambitious project, funded by the European Regional Development Fund, will introduce pedestrianfriendly spaces, rainwater management systems, and innovative features like the Ideas for All Greenhouse, Hanging Gardens, and the Little Rialto.
Cyprus Business Now: The economy is growing with a focus on sustainable development and tech diversification, despite mixed results in financial sectors. Optimistic outlook includes GDP growth, reduced inflation, and lower unemployment rates in coming years.
Cyprus Business Now: Weekly WrapUp: The European Commission forecasts positive economic growth for Cyprus, but warns of risks from geopolitical tensions and trade disputes. In response, the EU has initiated indepth reviews to ensure financial stability and monitor potential economic disruptions.
