Insider Business No interest in Pentakomo Science Technology Park

No interest in Pentakomo Science Technology Park

No interest has been expressed in the Pentakomo Science Technology Park, with the project in limbo for years and the Ministry of Energy reportedly considering returning expropriated land back to its owners.

But even though the House Trade Committee on Tuesday debated this issue, it is still uncertain whether the  by the Tassos Papadopoulos government in February 2006.

A Land Registry representative told MPs that the owners of two properties subject to complulsory purchase had received €3m in compensation while another €3m compensation to a third owner is pending.

Commerce and Industry Ministry spokesman Constantinos Karageorgis said the site at Pentakomo does not appeal to companies and that a decision should be taken whether the expropriated land should be returned or not.

Representatives of the Cyprus Chamber of Commerce and Industry and the Cyprus Employers Federation said the reason no investors had been found was because the competition’s terms were unattractive.

Committee members expressed concern over the continued impasse but countered that blaming the terms of the competition for the lack of interest was an excuse. The real reason is the intention to transfer the park elswhere, they said.

By Eleftheria Paizanou

 

Read more:

https://in-cyprus.com/fire-breaks-out-at-pentakomo-waste-sorting-plant/

 

Top Stories

Greece records over 2 thousand new covid cases in tragic peak-135 in ICUs (update)

  Greece recorded a new surge in new covid-cases, going over two thousand daily tally for the first time since the start of the pandemic. 2,056...

Cyprus records Covid death, raising number to 33, five critical-149 new cases

  A ninety one year old woman with underlying illnesses, succumbed to Covid-19 today at the Famagusta General raising the number of positive cases who...

Greek Orthodox priest shot in Lyon, France; assailant flees (update 2)

  A Greek Orthodox priest was shot and injured at a church in the French city of Lyon by an assailant who then fled. The priest...

Tala fire under control

  A massive blaze between the Tala, Koili and Kissonerga communities was placed under control late this afternoon, after more than two hours. It destroyed trees,...

The first 007 dies at 90-So long Sean Connery

  Scottish movie legend Sean Connery, who shot to international stardom as the suave, sexy and sophisticated British agent James Bond and went on to...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...