Concerns over Nicosia's Funding Following Decision on Makarios Avenue
May 17, 2025
The reopening of Makarios Avenue in Nicosia has raised concerns about potential consequences for Cyprus's credibility in the EU. The decision by the City Council may lead to financial repercussions and a reevaluation of future EU funding. There are fears that Cypriot taxpayers may need to cover repayments for the funds provided. The situation seems to favor certain private interests at the expense of the public good.