EC concerned aboout development projects to start in Karpas Peninsula

2010-08-26 23:57:59

The European Commission notes that it is particularly sensitive to matters that concern the protection of the environment and has already started looking into press reports concerning plans for land allocation in the Karpas peninsula for the construction of conference centres and university facilities.

``The wider area of Karpas (the northeastern tip of Cyprus) presents unique environmental wealth with rare flora and fauna. Potential building construction is likely to affect the Special Protection Areas of the peninsula which could be included in the Natura 2000 programme, following the comprehensive settlement and reunification of the island,`` the Commission says.

It adds that it is ``particularly sensitive to matters that concern the protection of the environment`` and that ``in July, a group of experts from Directorate General Environment came to Cyprus and met with Greek Cypriot and Turkish Cypriot environmental organisations.``

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Cyprus's economic downturn is close to a trough and the economy should rebound next year, the island's central bank Governor, Athanasios Orphanides, said on Monday. "The baseline scenario is a mild drop in the economy for the whole year, but we are optimistic that we are close to the bottom," Orphanides, who is also a Governing Council member of the Euro...