MONDAY, 15 AUG 2022



Facebook Linked In Twitter

US Invests $280bn In High Tech To Compete With China

Greece Exits Enhanced Surveillance Programme 12 Years After Bailout



Commission Approves 22 Million For Cyprus Village Wastewater Collection System

Commission Approves 22 Million For Cyprus Village Wastewater Collection System

The European Commission announced Monday that it had approved a 22 million euros investment from the Cohesion Fund for the construction of wastewater collection networks in the Kokkinochoria area in Cyprus.

The investment concerns the second phase of the Kokkinochoria Complex Sanitation System. The first phase of the project was completed during the 2007 - 2013 cohesion funding period with an EU investment of over 30 million euros.

The second phase of the construction of the Kokkinochoria Complex Sanitation System includes the installation of the Achna wastewater treatment plant with a capacity of 10,664 cubic meters/ day, which will serve eight communities and two municipalities. According to a past press release by the Cypriot Ministry for Agriculture, these are the Derynia and Sotira municipalities, the Xylophagou, Xylotymbou and Ormideia communities (Larnaca district) and the Agios Georgios Acheritou, Avgorou, Achna, Liopetri and Frenaros communities (Famagusta district).

The works will also integrate a drainage network that will direct treated wastewater for use in irrigation, as well as 13 pumping stations for the transport systems. Also, the treated water will be used in adjacent agricultural areas, thus reducing the consumption of drinking water.

The approval of the funds for Cyprus was announced together with that of a 77 million euros investment from the European Regional Development Fund for the construction of a tram line between Alcalá de Guadaíra and Seville, Spain, which will contribute to the promotion of clean transport in Europe.

Commission for Cohesion and Reforms Elisa Ferreira said that the two projects “combine direct benefits for local citizens and for the environment” and will contribute to “more sustainable economic growth in the future”.

The project that will be funded in Cyprus is a “modern and efficient sewage system”which “will reduce risks to human health and pollution of groundwater” the Commissioner noted. On the project in Spain, Ferreira noted that “a multimodal transport system will encourage citizens to switch to sustainable transport”.

Source: CNA


Trade Deficit Up By €1.12 Billion In First Half Of 2022, CyStat Data Show

Trade deficit was up by €1.12 billion in the first half of 2022, data released by the ...

Cyprus Stock Exchange Market Capitalisation Of Shares Reached €1.90 Billion In July

The market capitalisation of the shares traded in Cyprus Stock Exchange reached €1.90 ...

Eurostat: Exports In Services In Cyprus Almost At Pre-Pandemic Levels In 2021

EU member states exported services worth a total of 1027 billion euro to countries ...



Epic Invests In Renewable Energy Sources To Battle Climate Change

Epic, as a pioneering company, is investing on green and sustainable development, aiming to the reduction of the company’s ecological footprint and ...

New Residence Permits Reach Pre-Pandemic Levels In Cyprus And The EU, According To Eurostat

New residence permits issued in the European Union, as well as in Cyprus, to non-EU citizens in 2021 reached pre-pandemic levels, according to data on first ...

US Invests $280bn In High Tech To Compete With China

US President Joe Biden has signed a law committing $280bn (£232bn) to high tech manufacturing and scientific research amid fears the country is losing ...

Property Values In Cyprus Continue Upward Trend In Q2 2022

KPMG in Cyprus announces that the “RICS Cyprus Property Price Index with KPMG in Cyprus” has been issued for Q2 2022.

Greece Exits Enhanced Surveillance Programme 12 Years After Bailout

Greece will be "turning a page in its modern history" as the European Commission confirmed on Wednesday that the country will exit its enhanced ...

PASCAL Schools Join Leading Education Group Globeducate

PASCAL Schools have joined Globeducate, one of the world´s leading K12 education providers, with 55+ premium bilingual and international schools, and online ...

Eurostat: Young Air Transport Workers Most Affected By Pandemic's Impact On Sector

The decline in passengers in air transport as a result of the COVID-19 pandemic had a pronounced effect on younger workers due to staff reductions by airlines ...

Cyprus One Of Few Countries That Implemented Central State Aid And De Minimis Registry

Commissioner for State Aid Control Stella Michaelidou has welcomed the fact that her Office has taken the lead at European level and has been an example for ...