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€2 Million Fund Sought To Tackle Nicosia’s Dangerous Buildings

by News Editor

August 18, 2026

Hundreds Of Properties Still Need Action Across The District

Nicosia’s District Local Government Organisation (DLGO) is seeking access to around €2 million to deal with dangerous buildings across the district.

DLGO president Konstantinos Giorkatzis said the organisation is waiting for the Interior Ministry to provide instructions on how to apply for the funding. The money was initially approved for Nicosia Municipality through the Fund for the Revitalisation of Border Areas, but responsibility transferred to the DLGO following the local government reform.

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Authorities have already begun inspecting properties together. Nicosia Mayor Charalambos Prountzos said the municipality’s existing register is helping accelerate the process. The municipality is responsible for nuisance-related issues, while the DLGO handles buildings classified as dangerous.

656 Buildings Classified As Dangerous

A key challenge arises when a property is both dangerous and a public nuisance. In such cases, municipal staff cannot intervene because of the potential risks, including health and fire hazards.

The DLGO has sent notices to owners of dangerous or poorly maintained buildings, asking them to carry out the necessary repairs. Further action will depend on how owners respond.

The latest register lists 656 dangerous buildings and 55 properties requiring repairs across the district. Of these, 171 dangerous buildings and 28 buildings needing repairs are located within Nicosia’s municipal district.

ETEK Sets Up Advisory Committee

The Cyprus Scientific and Technical Chamber (ETEK) has established a three-member committee to advise on cases involving disputed assessments of dangerous buildings.

According to ETEK president Konstantinos Konstanti, the committee will help DLGOs deal with disagreements over engineers’ findings and potentially resolve cases without resorting to court proceedings.

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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.