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Kornos on the Rise: The €20 Million Transformation Vision

by News Editor

May 27, 2025

Revitalizing Kornos: A €20 Million Investment in Progress

Kornos is poised for a transformative period with groundbreaking projects valued at over €20 million now underway, as confirmed by Lefkara mayor Sofoklis Sofokleous. Aiming to usher in significant changes, this investment heralds a bright future for the community over the next few years.

Investing in Sports and Community Spaces

A key project within this development is the highly anticipated €18 million Sports Centre led by the Cyprus Football Federation (Kop). Recently granted planning permission, construction is set to commence in early 2026, targeting a 2028 completion. This state-of-the-art facility will boast a stadium accommodating 1,500 spectators, multiple training fields, and housing for athletes.

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In conjunction, a €2 million multipurpose venue is under construction, destined to fill a void in the community’s event-hosting capabilities. This venue will be equipped with conference rooms, an event hall, and essential parking amenities.

Embracing Tradition and Modernity

The municipality endeavors to preserve Kornos’ cultural heritage by converting historic sites into interactive museums focused on traditional crafts, like the art of red clay vase making. Education is also being prioritized, with talks underway to establish a Technical School in Kornos, as announced by President Nikos Christodoulides.

Future Prospects

Additional projects include a Citizen Service Centre and new public parks, enhancing lifestyle and community wellbeing. Discover more about how Cyprus continues to evolve with strategic investments in our latest housing market insights.

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Greek Tankers Transit Hormuz As Shipping Risks Rise In Gulf And Black Sea

by THEFUTURE.TEAM

March 16, 2026

Two tankers linked to George Prokopiou passed through the Strait of Hormuz as regional tensions continue to affect shipping routes in the Gulf.

Safe Passage Through Hormuz

The tanker Smyrni, operated by Dynacom Tankers Management, was observed off the coast of Mumbai on Saturday morning after its earlier positioning in the Persian Gulf. The vessel, like its predecessor Shenlong, temporarily disabled its transponder during transit, a common practice in these narrow channels under uncertain conditions.

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Robust Market Commitments

Despite reduced shipping traffic through the strait, Dynacom has continued expanding its fleet. The company recently ordered four additional VLCC tankers from Hengli Heavy Industry. Each vessel will have a capacity of 300,000 deadweight tonnes. With the new order, Dynacom’s VLCC program in Chinese shipyards now totals 16 vessels.

Security Incident In The Black Sea

In a separate incident, the Greek-flagged tanker Maran Homer sustained minor damage near Novorossiysk in the Black Sea. The vessel is operated by Maran Tankers Management, part of the shipping group controlled by Maria Angelicoussis.

Reports indicated the ship was struck by a missile or drone about 14 nautical miles from the port. The crew of 24, including Greek, Filipino and Romanian sailors, was not injured. The vessel, which was not carrying cargo, continued sailing under its own power.