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30 Key Projects To Transform Famagusta With €122 Million Investment

by THEFUTURE.TEAM

President Nikos Christodoulides has announced a €122 million investment across 30 projects aimed at revitalizing the free areas of Famagusta. Speaking at a regional gathering in Paralimni on 13 February, he outlined the government’s vision to enhance infrastructure, boost tourism, and improve the overall quality of life for residents.

Joined by members of the Council of Ministers and state officials, the President emphasized Famagusta’s vital role in Cyprus’ economy, particularly in tourism and the primary sector. The projects include major road network upgrades, the development of urban and linear parks, and enhancements to tourism infrastructure.

Key initiatives also focus on modernizing sports centers and expediting critical projects like the completion of the Fishing Shelter at Liopetri River. The comprehensive plan spans multiple sectors, including urban regeneration, business and tourism, education, and social welfare.

Calling for close cooperation between local authorities and stakeholders, Christodoulides urged collective efforts to fast-track these development initiatives and unlock the district’s full potential.

Planned projects

Road Network Improvement and Urban Regeneration Projects

  1. Improvement of the Main Road in Avgorou on Karyon Avenue – €9 million
  2. Construction of a Multi-Storey Parking Lot in Paralimni – €8 million
  3. Improvement and Upgrading of Ayia Napa’s Beachfront – €3.6 million
  4. Road Improvement Connecting Vrysoudion Street with Pinia Street – €4 million
  5. Construction of a Road from the Agios Panteleimonas Roundabout to the Church of Agia Varvara – €5 million
  6. Regulatory Plans for the 2nd Phase of the Improvements of Stadias Street, Giakoumi Papadopoulos Street, and Korai Street in Paralimni – €14 million
  7. 4th Phase of the Protaras Coastal Promenade – €18 million
  8. Redevelopment of the Traditional Core of Frenaros – €1.3 million
  9. Redevelopment of Paralimni Square – €11.2 million
  10. Creation of an Urban Multifunctional Park in Ayia Napa – €5 million
  11. Creation of a Linear Park in Aheritou – €1 million

Economy / Business / Tourism

  1. Incentive Plan in Catering – €700 thousand
  2. Plan for Enrichment Projects for Local Government Authorities – €300 thousand
  3. Creation of a Craft Area in Dasaki Achna – €250 thousand

Education

  1. Upgrading of Building Infrastructure of Paralimni High School – €5.5 million
  2. Construction of a New Paralimni High School – €15 million
  3. Operation of the School of Tourism Studies within the Framework of the MIEEK

Social Welfare

  1. Model Autism Center of Famagusta District – €4 million
  2. Expansion and Upgrading of the Nursery and Children’s Activity Center in Avgorou
  3. Additional Projects in the Region’s SKE – €140 thousand
  4. Intensive Daily Addiction Treatment Program – €1.5 million

Culture

  1. Transformation of the Ayia Napa Monastery into a Museum and Creation of a Research Center, Library, and Conference Rooms – €2.3 million
  2. Cultural and Conference Center Hall in the Municipality of Deryneia – €5 million
  3. Open-air Amphitheater in Avgorou – €1.5 million

Sport

  1. Upgrade: Sotiras Sports Center, Frenaros Sports Center, Liopetri Sports Center – €2 million
  2. Construction of a Public Sports Area in Achna – €2 million

Google Cloud Outage Disrupts Banking And Digital Services Across The UK

by THEFUTURE.TEAM

A power outage at a Google Cloud data centre near London disrupted services across the UK on Tuesday, affecting banks, businesses and other digital platforms. Google said the incident was caused by a power event at its cloud operations, with full recovery expected by around 1300 GMT.

The disruption began at 0608 GMT and affected Google Cloud services in the europe-west2 region, which is hosted in London. In an initial update, the company reported elevated error rates and intermittent network failures across multiple services as engineers worked to restore operations.

Banking Services Hit By The Disruption

Revolut was among the most visibly affected companies, with customers reporting problems with ATM withdrawals, bank transfers and card top-ups. A source close to the matter linked the issues to the Google Cloud outage.

Traditional banks also reported disruptions. Lloyds said some customers were experiencing problems with its app and online banking, while HSBC confirmed difficulties accessing its services. HSBC added that it was monitoring the situation and noted that other organisations were affected as well.

Disruption Spreads Beyond Finance

Downdetector, which tracks online service disruptions, recorded hundreds of reports involving other businesses, including property website Rightmove and the Royal Mail postal service. The reports suggested that the outage was affecting multiple parts of the UK’s digital economy.

The incident highlights the risks facing businesses that depend on shared cloud infrastructure. Even a temporary failure at a single provider can disrupt services across several sectors, from banking and payments to logistics and consumer platforms.

Companies Reassure Customers

Revolut said it had been working to resolve the issue since it was identified and apologised to affected customers. The company also confirmed that customers’ money and data remained safe.

As cloud platforms underpin an increasing share of digital commerce, the outage illustrates how disruptions to critical infrastructure can spread far beyond the provider itself, affecting businesses and customers across the economy.

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