News Local Peyia Municipality projects record revenue for 2019

Peyia Municipality projects record revenue for 2019

Peyia Municipality expects a record €2.3 m budget surplus in 2019 which will be used for infrastructure projects, philenews reported on Tuesday.

The 2019 budget was approved on Monday night with mayor Marinos Lambrou noting the significant increase in revenue over the past few years. He said that until recently annual revenue was a €5m but is now up to €8m a year. This was due to a number of reasons, including prudent management by the local authority, a significant increase in revenue for Coral Bay which is now managed by the municipality as well as more tax revenue.

The mayor also announced that the Interior Ministry had decided to press ahead with a long awaited revamp of the central Michalakis Kyprianou avenue.

 

Top Stories

30-year-old arrested for breaking into and stealing from photo studio

A 30-year-old in Paphos has been remanded in custody for breaking into and stealing from a photo studio. The police are also looking for...

Woman in custody for knife possession

The Dhekelia British Bases police arrested a woman near the Strovilia checkpoint regarding possession of two large-bladed clasp knives. The policemen found the woman in...

SMS for Troodos – The nature trails

The Nature Trails constitute one of the most special choices of outdoor activities and particularly during this time of year, when we have no...

Electricity Authority: New prices in place

Every year the EAC is obliged to submit to the Cyprus Energy Regulatory Authority (CERA) new tariffs for approval. The prices are calculated aiming...

Three aftershocks recorded after Thursday’s earthquake

Three aftershock measuring less than 2.5 on the Richter scale have been recorded since the big earthquake that took place on Thursday, at 16:27,...

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...