Larnaca Launches Tender For City Center Land To Fund New Town Hall

Larnaca Municipality has launched a tender for the sale of two plots located on Hermou Street in the city center. The minimum asking price has been set at €3.3 million, plus VAT.

Prime Central Assets Positioned For Value

The first parcel covers 1,285 square meters, while a second adjacent plot used as an access passage measures 30 square meters. Land Registry valuations in 2021 estimated the properties at approximately €2.25 million and €56,400, respectively. Larnaca Mayor Andreas Viras said updated assessments place their combined value above €3.3 million.

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Funding The New Municipal Hub

Part of the proceeds from the sale will be used to finance the construction of a new town hall. Completion of the project is expected in 2028. The new building will be constructed on the site of the former Larnaca Hospital near the American Academy and is estimated to cost about €8.5 million.

Optimizing Civic Assets Through Strategic Leasing

The municipality is also considering leasing the current town hall building located on Athinon Avenue and Nikolaou Laniti Avenue. Officials expect interest from private sector tenants, which could generate additional rental income for the municipality.

Comprehensive Tender Submission Guidelines

Interested parties must submit offers through the government e-procurement system by 11:00 AM on Tuesday, May 5, 2026. Bids must include either a banker’s draft or a bank guarantee. The minimum offer is set at €3.3 million plus VAT. Transfer of ownership will take place once payment is completed, which must occur within one month after the contract is signed.

Eligibility for Participation

The tender is open to both individuals and legal entities, including public organisations, private companies and joint ventures. Participants must be established in Cyprus, another European Union member state, the European Economic Area, or countries participating in the Government Procurement Agreement (GPA) or holding bilateral agreements with Cyprus or the EU. Bidders may submit offers individually or as part of joint ventures under the conditions outlined in the tender documentation.

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Cyprus’ Poverty And Social Exclusion Risk Stands At 17.1%

by THEFUTURE.TEAM

October 20, 2026

Cyprus recorded a poverty or social exclusion risk rate of 17.1% in 2025, below the European Union average of 20.9%, according to new Eurostat figures. Across the bloc, however, more than 92 million people continued to face the risk, highlighting persistent social and economic inequalities.

More Than 92 Million People At Risk Across The EU

A total of 92.7 million people across the EU were at risk of poverty or social exclusion in 2025, equivalent to just over one in five residents.

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Cyprus is treated as a single statistical region because of its size, unlike many member states divided into multiple regions for comparison. Its national figure therefore provides an overall picture but does not capture differences between districts or communities.

Regional Gaps Remain Stark Across Europe

The risk varied considerably across the EU, with the highest rates concentrated largely in southern, eastern and outermost regions. In 24 of the 243 regions with available data, at least 31.5% of the population faced poverty or social exclusion.

These regions were located in Spain, Bulgaria, Greece, Italy, France and Romania, as well as Brussels in Belgium and Bremen in north-western Germany.

French Guiana recorded the highest rate, at 54.8%, followed by Calabria in southern Italy at 45.3% and Sicily at 44%. Melilla, a Spanish autonomous city, recorded 43.7%, while Réunion, another French outermost region, stood at 42.3%.

Central Europe Records The Lowest Rates

At the other end of the scale, 24 regions reported poverty or social exclusion risk rates below 13% in 2025. These included five eastern EU capital regions: Bratislava in Slovakia, Warsaw in Poland, Prague in the Czech Republic, Budapest in Hungary and Zagreb in Croatia.

Other regions with low rates were concentrated in northern Italy, the Czech Republic, northern Belgium, Hungary, Poland and Austria, illustrating the uneven distribution of economic security across Europe.

Cyprus Remains Below The EU Average

Cyprus’ rate of 17.1% places it below the EU average, although it remains higher than the levels recorded in the bloc’s lowest-risk regions.

The figures suggest that Cyprus performs relatively well compared with the wider EU, but poverty and social exclusion remain significant challenges across the bloc, affecting more than 92 million people.

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