Breaking news

Accelerating Ecosystem Recovery: AKTI Project And Chevron Cyprus Lead Post-Wildfire Restoration In Laona

Restoring Vital Ecosystems After Destruction

Cyprus’ AKTI Project and Research Centre has initiated a comprehensive fire-restoration project in the Laona region of Limassol, following the widespread devastation caused by the July 2025 wildfires. With robust support from Chevron Cyprus, this initiative is set to rebuild essential environmental infrastructure, secure local livelihoods and enhance community resilience against future fires.

Revitalizing a Community Dependent On Agriculture And Agrotourism

The Laona area, renowned for its agriculture, wineries and agrotourism, has experienced significant setbacks as wildfires obliterated ecosystems and disrupted local economic activities. The restoration work is focused on the 1,800-meter Elytzis Nature Trail, which forms a critical connection between Lofou and Sylikou and attracts over 10,000 visitors annually. The severe damage to pathways, rock structures, native vegetation and habitats for indigenous species has necessitated urgent intervention.

A Nature-Based Solution For Future Resilience

Guided by its scientific team, AKTI is employing a nature-based approach that serves as a replicable model across Cyprus. The project will not only reconstruct vital elements such as the Elytzi fountain but also reintroduce native vegetation and strategically plant fire-resistant species including almond trees, grapevines, and prickly pear plants with resilient succulent pads. This comprehensive strategy is designed to bolster fire resistance and ensure long-term ecological and economic stability.

Leadership And Commitment To Sustainable Recovery

Xenia Loizidou, Chairperson of AKTI, emphasized that Cyprus stands on the frontline of climate change, with wildfires posing one of its greatest risks. “This is the moment for immediate action,” Loizidou stated, advocating for practical, nature-based solutions over mere theoretical approaches. Similarly, Basil Allam, Chevron Cyprus Country Manager, reiterated the company’s long-standing commitment to sustainable environmental practices and community empowerment. Allam noted that the project symbolizes a strategic partnership aimed at restoring damaged ecosystems while creating enduring benefits for both people and nature.

A Blueprint For National Resilience

As this project unfolds, it not only promises to mend the scars of the recent wildfires but also offers a strategic blueprint for future restoration initiatives throughout Cyprus. By integrating community cooperation, scientific insight, and corporate dedication, the project heralds a new era of combined environmental and economic resilience.

Rolls-Royce Raises Guidance As Defense And Power Systems Drive Growth

Rolls-Royce raised its full-year profit and cash flow guidance after reporting stronger-than-expected first-half results, supported by growth across its civil aerospace, defense and power systems businesses.

Underlying operating profit rose 46% year on year to £2.5 billion ($3.3 billion) in the first six months of 2026, while revenue increased more than 24% to £11.3 billion.

The company now expects full-year underlying operating profit of £4.7 billion to £4.9 billion, up from previous guidance of £4 billion to £4.2 billion. It also raised its free cash flow forecast to £3.8 billion to £4 billion, compared with £3.6 billion to £3.8 billion previously.

Shares rose as much as 6% in early trading before paring gains to trade about 4% higher.

Data Center Demand Supports Power Systems

Chief Financial Officer Helen McCabe told CNBC that orders in Rolls-Royce’s data center power business increased by more than 50% in the first half as operators invested in backup and on-site power systems.

The company has benefited from growing demand for power infrastructure as data center operators expand capacity.

Defense Spending Provides Additional Support

McCabe also said Rolls-Royce expects to benefit from higher defense spending in the U.K. and across NATO countries. She cited the U.K.’s long-term defense investment plan, which provides funding visibility through 2030 and beyond.

“We’ve had very positive initial conversations with the new government,” McCabe said, adding that the company supports its focus on growth, defense and industrial manufacturing.

Turnaround Continues

Chief Executive Tufan Erginbilgic said the company’s transformation strategy continued to deliver results. “Our transformation continues to deliver,” he said in a statement. “We have unlocked new growth opportunities across the Group.”

Aretilaw firm
eCredo
Uol
The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter