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Larnaca To Invest €6.2 Million In Ayios Ioannis Neighbourhood Upgrade

by News Editor

August 27, 2026

Larnaca is moving into the final phase of a €6.2 million redevelopment of the Ayios Ioannis neighbourhood, with upgrades focused on roads, public spaces, pedestrian access and cycling infrastructure.

Mayor Andreas Vyras and members of the community council met residents on Wednesday at the Ayios Ioannis Theologos churchyard to outline the next stage of the project. Construction will require sections of the road network to be excavated, with traffic diversions introduced gradually as works progress.

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Roads, Pavements And Transport Infrastructure

Planned works include resurfacing and upgrading roads, widening pavements and restructuring parking areas. New bus lanes will also be created, while utility networks will be moved underground.

The project is designed to improve accessibility and encourage more sustainable forms of mobility, with greater emphasis on walking and cycling.

More Green Space And Heritage Features

Alongside the transport improvements, the redevelopment will add trees and expand green areas across the neighbourhood. Plans also call for the area’s historical and cultural features to be highlighted as part of the wider regeneration.

The project is being co-funded by the Republic of Cyprus and Larnaca municipality and is expected to take 24 months to complete.

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Cyprus Business Electricity Prices Rank Among The EU’s Highest

by THEFUTURE.TEAM

November 6, 2026

Electricity prices for a defined group of non-household consumers in Cyprus reached €0.23 per kilowatt-hour in the first half of 2026, placing the country among the most expensive in the EU, according to Eurostat.

The rate matched Italy and exceeded the EU average of €0.18. Ireland recorded the highest price at €0.27 per kilowatt-hour.

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The figures cover non-household consumers with annual electricity consumption of between 500 and 2,000 megawatt-hours, rather than all businesses or households.

EU Electricity Prices Continued To Fall

Across the EU, average prices for this consumer group declined by 2% compared with the second half of 2025 and were 5.4% lower year on year.

The lowest rates were recorded in Finland (€0.09 per kWh) and Sweden (€0.12), followed by Denmark, Spain and Portugal, all at €0.13.

Prices Fell In Most Member States

Electricity prices declined year on year in 19 EU countries during the first half of 2026. Luxembourg recorded the largest fall, at 23.8%, followed by Czechia (11.9%) and Greece (11.8%).

Prices increased in eight member states, led by Sweden (18.8%), Finland (18.7%) and Bulgaria (14.2%). Despite the sharp increases, Finland and Sweden continued to have the lowest electricity prices in the bloc.