Compensation Demands from the Paphos Metropolitan
October 1, 2024
The Paphos Metropolitan is demanding €235 million in compensation from the government due to restrictions that have lowered the value of its properties. These restrictions were imposed for environmental reasons, and the property valuation process has not yet been completed. The government agency is trying to manage the situation while the Metropolitan has filed a lawsuit since 2015. The situation indicates that financial claims will increase if compensation is not paid promptly.