News Local EU Commission intervene for Limassol Stadium

EU Commission intervene for Limassol Stadium

European Commission’s Directorate-General for Competition (EC) ruled out that there is a state aid issue regarding the new football stadium in Limassol. This is because the construction cost of the stadium will be entirely borne by the state through the CSO. This development overturns the decisions taken at the Presidential House, particularly as regards the ownership of the stadium.

In particular, in order to comply with the Commission’s decision, the following changes should be made:

First, the owner of the stadium will be the CSO and not the three clubs of Limassol (Apollon, AEL and Aris) decided through a joint venture.

Secondly, the state land in Kolossi, which was leased by the CSO to the three clubs for the construction of the stadium, should be returned to the CSO by canceling the lease agreement. It is not acceptable that the state, through the CSO, build the stadium on its own land but it is leased to individuals.

Thirdly, the stadium will not be used exclusively by the three Limassol clubs nor should they be granted preferential treatment regarding the fees thy will pay for the use of the stadium.

Top Stories

12-new covid cases at the same levels, nothing from abroad or schools

  12 new cases of Covid-19 were detected in Cyprus over the past 24 hours out of a total of 3 thousand 338 diagnostic tests. The...

Cyprus extends support to Armenia as FM calls counterpart

  Cyprus has expressed its deep concern over the escalating situation in Nagorno Karabakh over the past 48 hours and condemned 'the Azeri violation of...

International concern over Karabakh, as energy corridor is threatened (latest)

  Clashes erupted between Armenia and Azerbaijan over the volatile Nagorno-Karabakh region, reigniting concern about instability in the South Caucasus, a corridor for pipelines transporting...

38 C on Monday, close to 40 C on Tuesday, cooler on Wednesday

The warm air current affecting the island will take temperatures a touch under August levels over the next 48 hours, with 38 C on...

War fears in Karabakh as Armenia and Azerbaijan clash with civilian casualties

  Armenia declared martial law and mobilised its male population after clashes with Azerbaijan over the breakaway Nagorno-Karabakh region in which sources on both sides...

Taste

Sheftalies

Sheftalies, a very tasty dish from the charcoal grill, are minced meat shaped into small sausages and wrapped in “panna” (suet). Panna is a...

Spicy grilled soutzoukakia

Place all ingredients for soutzoukakia in a bowl and mix well, preferably using a food processor, until well combined. Using the mixture, form cigar-shaped...

Souvlakia

Pork souvlaki: Put the meat and all the other ingredients in a bowl (not metal) and mix well. Cover the bowl and keep in...

Pastelli (Carob Toffee)

The nutritional sweet of Pastelli is made with the syrup of carob pods, produced by boiling their pulp until it forms a thick, sticky...