Breaking news

Strategic Initiatives Propel Cultural And Infrastructure Advancements In Limassol

Coordinated Efforts For Urban Transformation

A high-level meeting on Monday brought together representatives from Public Works, the Undersecretariat of Culture, and the Lemesos Municipality, including Mayor Giannis Armeftis. This forum focused on two pivotal projects set to redefine the city’s landscape: the expansion of the Archaeological Museum and the advancement of the Northern Bypass initiative. The gathering was instrumental in synchronizing strategic actions aimed at delivering transformational infrastructure and cultural projects that will enhance the daily life of Lemesos’ residents.

Archaeological Museum Expansion

Mayor Armeftis detailed the vision for the Archaeological Museum, emphasizing its historical significance and the need for a modern update. Previously, multiple proposals were considered for a new location, ranging from site relocation to coastal integration. Ultimately, the municipality opted to retain the museum’s original site. The museum’s eastern section, positioned opposite the former “Kourio” hotel, is preserved as a historic structure from 1974. The expansion plan involves the demolition of the rear extension, thereby enabling additional space while considering a potential aerial extension over the adjacent street to accommodate municipal green services.

This innovative design not only creates a tangible connection between the Archaeological Museum and the Civic Garden but also establishes an iconic structure that seamlessly integrates with the adjacent historical archive and municipal green offices. A detailed review of the existing space is underway, with plans for a subsequent meeting in two months to determine the appropriate competitive tender process. The mayor underscored the Council’s preference for an international architectural competition, ensuring that global expertise informs the project’s exquisite design.

Northern Bypass Project And Traffic Optimization

The Northern Bypass, a critical infrastructural venture stretching approximately 1,800 meters, was also discussed at length. This marks the third meeting this year regarding the project. Mayor Armeftis revealed that the Technical Authority (EOA) has finalized the construction plan for the central rainwater channel, designed to divert the Agia Fylas river towards the Garlylli river. Following the transition of plans to the relevant stakeholders, Public Works is set to develop the detailed construction blueprints, with the project anticipated to reach a tender-ready phase within six months.

In addition to major construction projects, the meeting addressed recurring traffic challenges affecting critical intersections. Notable proposals include enhancing ingress and egress on the highway via Kostis Palamas and Ellis Lambeti roads through advanced traffic simulation studies and the design of a new roundabout to improve circulation between Evangelos Lanitis and the 1st of April streets. The mayor pointed out that existing parking areas restrict road widths, resulting in single-lane operations on roads intended for two-way traffic. Similar congestion issues in the Mesha Neighborhood further underline the necessity for these interventions.

These coordinated initiatives reflect Lemesos’ commitment to not only preserve its cultural heritage but also to evolve its urban infrastructure in a way that meets both current and future needs.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

The Future Forbes Realty Global Properties
Uol
eCredo
Aretilaw firm

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter