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    The Palourtis family has been involved in Cyprus property for almost five... read more

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    Significant sales growth in the first four months of 2018 read more

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    The investment plan provides for mixed growth (tourist, residential), while... read more

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    There was a small rise in the number of Cyprus property sales in November... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 10 January 2019 Adamos Palourtis The popularity of Larnaca is growing

    The Palourtis family has been involved in Cyprus property for almost five... read more

  • 28 December 2018 The dynamic recovery of the real estate market continues

    Significant sales growth in the first four months of 2018 read more

  • 27 December 2018 Golden Year and 19 for Tourism

    CTO president estimates 3% increase, almost 4 million tourists arrive in... read more

  • 14 December 2018 Plans for mammoth investments on Dekelia Road

    The investment plan provides for mixed growth (tourist, residential), while... read more

  • 11 December 2018 Small rise in November property sales

    There was a small rise in the number of Cyprus property sales in November... read more

Oil Tank demolition in progress Irini Gardens Newzoe Developers Ltd

   

The first oil tank on the old Larnaca-Dhekelia road was demolished on Thursday, with President Nicos Anastasiades doing the honours by helping cut the first piece using a welding torch. 

The controversial oil refineries became part of the landscape in the southern town, a symbol of industry on the one hand but a monstrosity interfering with nature on the other hand.

Anastasiades, who also spoke during the morning demolition ceremony, said discussions have been ongoing since 2001 in an effort to get the oil refineries out of the picture.

“We came here today with determination and on time to carry out the decisions made by this administration, and it is not just the symbolism or the so-called fiesta, as some said, but it is about decisions that were taken in the past but were never carried out,” the president said.

“it is not just the symbolism or the fanfare, as some said, but it is about decisions that were taken in the past but were never carried out”

Recently the President’s Cabinet made a promise that the installations would be gone before the decade is out, following a a meeting where Energy Minister Giorgos Lakkotrypis introduced a Memorandum of Understanding (MoU) to be signed by all parties involved.

The agreement is a roadmap leading to the total removal of the oil tanks in the area by the Larnaca port.

Liquified gas installations are to be removed by 2019 and oil storage tanks by 2020, according to the plan which will be closely monitored with checks every three months at both administrative and political levels.

Larnaca mayor Andreas Vyras said this was the first time that such serious work had been done on the issue, which has been a thorny and complicated topic for years.

The Larnaca municipality spoke out publicly against delays recently, criticising an extension given to companies to remove their installations. Vyras had been asking for a long time for a meeting among all parties involved, telling the media at times that he wanted the companies “gone yesterday”.

The mayor and minister, as well as a number of local and state officials, were present at the symbolic demolition, where a well-known Petrolina tank came down.

see video here  https://youtu.be/K_9r5HhuU1U

 

source: http://english.cyprustimes.com/2018/05/03/president-anastasiades-at-oil-tank-demolition-in-larnaca-video/