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Koag Launches Affordable Housing Application Window Across Key Cypriot Districts

by THEFUTURE.TEAM

October 16, 2025

Overview of the Initiative

The Cyprus Land Development Corporation (Koag) has officially opened applications for its affordable housing scheme, a strategic initiative spanning the districts of Nicosia, Limassol, and Larnaca. The scheme, designed to foster sustainable community development, began accepting applications on October 1, 2025, and will remain open until November 30, 2025.

Eligibility and Registration Process

Eligible applicants, including Cypriot citizens and EU nationals who have maintained permanent residency in Cyprus for a minimum of five years prior to applying, are invited to register in the affordable housing beneficiary register. This registration is a prerequisite for later purchasing a residential unit developed under the Special Housing Incentive scheme for land developers.

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Financial Specifications and Terms

Koag has set the purchase price of each unit at €1,650 per buildable square metre. Applicants must also meet specific income thresholds that vary based on family composition: €25,000 for single applicants, €45,000 for couples or single-parent families, €50,000 for families of three, €55,000 for families of four, and €65,000 for families of five or more. In addition, applicants are required to demonstrate sufficient financial capability to cover a 20 per cent down payment, with the balance financed through a secured bank loan.

Usage and Resale Conditions

Successful beneficiaries must commit to using the purchased property as their primary residence for a minimum of ten years. During this period, reselling the property is strictly prohibited, and reapplication for any future iteration of the same scheme is not permitted.

Further Information

Applicants seeking additional details or wishing to obtain application forms can visit the official Koag website at https://cldc.org.cy/ or contact Koag directly at 22364695.

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Starbucks Wins ‘Best Workplace / Employer Of Choice At The 18th IN Business Awards

by News Editor

May 26, 2026

Starbucks was recently awarded the ‘Best Workplace / Employer of Choice’ award at the 18th IN Business Awards in Greece — a recognition that reflects the company’s philosophy and its ongoing investment in its people.

This distinction confirms Starbucks’ commitment to creating a work environment defined by respect, collaboration, inclusivity, and equal opportunities for all. Starbucks consistently fosters a culture that encourages growth, authenticity, and participation since people are always at the center.

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“At Starbucks, our success is rooted in our people. This recognition is a testament to our team’s dedication to nurturing a space where everyone can express themselves, grow equally, and deliver exceptional experiences to our customers,” said Pambis Anastasis — District Manager of Starbucks, who received the award.

Through modern development and employee support practices, Starbucks meaningfully invests in the continuous training and empowerment of its workforce, offering learning opportunities, mentorship, and career advancement at every stage of their journey.

The company also promotes an inclusive workplace where every employee feels a sense of belonging, can express themselves freely, and grow equally. This approach is a core element of Starbucks’ identity and is reflected both in the company’s internal culture, and in the experience it delivers to customers.

Winning at the prestigious IN Business Awards is a great honor for Starbucks and serves as a strong affirmation that its people are always at the heart of every step it takes.