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Larnaca Launches Tender For City Center Land To Fund New Town Hall

by THEFUTURE.TEAM

March 9, 2026

Larnaca Municipality has launched a tender for the sale of two plots located on Hermou Street in the city center. The minimum asking price has been set at €3.3 million, plus VAT.

Prime Central Assets Positioned For Value

The first parcel covers 1,285 square meters, while a second adjacent plot used as an access passage measures 30 square meters. Land Registry valuations in 2021 estimated the properties at approximately €2.25 million and €56,400, respectively. Larnaca Mayor Andreas Viras said updated assessments place their combined value above €3.3 million.

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Funding The New Municipal Hub

Part of the proceeds from the sale will be used to finance the construction of a new town hall. Completion of the project is expected in 2028. The new building will be constructed on the site of the former Larnaca Hospital near the American Academy and is estimated to cost about €8.5 million.

Optimizing Civic Assets Through Strategic Leasing

The municipality is also considering leasing the current town hall building located on Athinon Avenue and Nikolaou Laniti Avenue. Officials expect interest from private sector tenants, which could generate additional rental income for the municipality.

Comprehensive Tender Submission Guidelines

Interested parties must submit offers through the government e-procurement system by 11:00 AM on Tuesday, May 5, 2026. Bids must include either a banker’s draft or a bank guarantee. The minimum offer is set at €3.3 million plus VAT. Transfer of ownership will take place once payment is completed, which must occur within one month after the contract is signed.

Eligibility for Participation

The tender is open to both individuals and legal entities, including public organisations, private companies and joint ventures. Participants must be established in Cyprus, another European Union member state, the European Economic Area, or countries participating in the Government Procurement Agreement (GPA) or holding bilateral agreements with Cyprus or the EU. Bidders may submit offers individually or as part of joint ventures under the conditions outlined in the tender documentation.

The Future Forbes Realty Global Properties

Women Accounted For More Than Half Of Scientists In 10 EU Regions

by THEFUTURE.TEAM

November 10, 2026

In Portugal’s Continente region, 265,100 women worked as scientists and engineers in 2025, representing 46% of the total workforce in these occupations.

Across the EU, women made up more than half of all scientists and engineers in 10 regions. Four were located in Spain, two in Portugal and one in Greece. The remaining regions were Poland’s Makroregion centralny, Sweden’s northernmost region and France’s outermost regions.

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Most of these areas had relatively small numbers of scientists and engineers overall. Spain’s Noreste region was the largest, with 102,700 women in these occupations, accounting for 51% of its total workforce.

Women’s Representation Varies Across Europe

The figures highlight considerable regional differences in both the number of women working in science and engineering and their share of the overall workforce.

Cyprus remains below the EU average, with women accounting for 37.8% of scientists and engineers. However, this share is broadly comparable to that of Île-de-France, one of Europe’s largest centres of scientific and engineering employment.