economic contract dispute

Larnaca Port and Marina: Decision Looms Amidst Contract Dispute

The Larnaca port and marina redevelopment is in jeopardy amid a contract dispute with Kition Ocean Holdings, risking a €1.2 billion project crucial for the region’s economy. The government is considering terminating the contract due to inactivity and failure to renew necessary guarantees, sparking fears of economic and social repercussions.

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