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Larnaca Emerges As Hub For Maritime Research With New Tepak Marine Sciences School

by THEFUTURE.TEAM

November 14, 2025

The Larnaca Chamber of Commerce and Industry (Evel) has hailed the government’s recent decision to establish the Cyprus University of Technology’s (Tepak) new School of Marine Sciences in Larnaca. Described by the chamber as a milestone achievement, this initiative not only addresses a long-standing local demand but also promises to elevate the city’s academic and economic profile.

Government Vision And Academic Decentralisation

In a formal announcement, Evel expressed its strong support, noting that the decision marks a significant step toward making Larnaca a center for marine research, innovation, and education. The move aligns seamlessly with the government’s broader strategy to decentralise higher education and forge stronger links between innovative research and economic development. Deputy Minister to the President Irene Piki underscored this point when she announced the decision, emphasizing the new chapter that this development represents for the city and university education at large.

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Collaborative Endeavors For Regional Growth

Evel reiterated its commitment to partnering with all relevant stakeholders to ensure the school’s successful integration into Larnaca’s educational landscape. The Chamber views the new institution as a catalyst for regional sustainable growth, poised to harness Cyprus’ strategic coastal advantages alongside Tepak’s expertise in applied sciences. Education Minister Athena Michaelidou is expected to bring the necessary legislation before parliament, solidifying the regulatory framework that will support the institution’s launch.

A New Chapter In Maritime Expertise

Operating under the auspices of the Cyprus University of Technology, the School of Marine Sciences will focus on marine research, technological innovation, and sustainable development. This initiative is anticipated to transform Larnaca into a dynamic center of academic activity and maritime know-how, offering significant long-term benefits not only for the city but for the broader region as well.

The Future Forbes Realty Global Properties

Cyprus Property Valuers Advocate Investment Funds For Affordable Housing Initiative

by THEFUTURE.TEAM

December 10, 2025

A Strategic Investment for Social Stability

Cyprus’ property valuers association has put forward a compelling proposal for the creation of 500 new affordable housing units. The association recommends that investment funds, including the social insurance fund and other private initiatives, actively participate in the development process. This strategic move is intended to secure the long-term financial stability required for such a vital infrastructure project.

An Innovative Financial Model

Polys Kourousides, President of the association, emphasized that the financial structure should be designed to avoid additional strain on the state budget. “The model should prioritize sustainability and efficiency, especially since the private sector is tasked with the delivery of these housing units,” Kourousides stated. His remarks highlight the importance of blending public interest with private sector expertise to effectively address pressing social challenges.

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Addressing a Growing Social Need

Kourousides further described the initiative as a timely response to one of the most urgent social issues of our time. The association has long championed the use of state-owned land for affordable housing projects, underlining its commitment to socially balanced urban development. In addition, the association remains prepared to assist the government by providing essential technical and scientific perspectives to shape a modern, efficient housing framework.

Looking Ahead

This proposal underscores the growing recognition among industry leaders that innovative financial models and public-private collaboration are essential to address housing shortages. With a clear roadmap and the right investment partners, Cyprus may well set a benchmark in sustainable and inclusive urban development.