Philenews

Chaotic Financial Situation in Agios Tychonas: €8 Million in Debt, Pending Lawsuits, and Delayed Audits

Published December 31, 2025, 05:09
Chaotic Financial Situation in Agios Tychonas: €8 Million in Debt, Pending Lawsuits, and Delayed Audits

The Municipality of Eastern Limassol is facing serious financial problems, with debts reaching €8 million. The majority of the debts concern arrears to the Water Development Department (€5.2 million), while the remaining debts relate to tax issues and contractors. More than 20 pending lawsuits from private individuals claiming money from the former Community Council were also identified. The Mayor of Eastern Limassol has requested and an audit will be conducted by the Auditor General and the Ministry of Interior regarding the management of Agios Tychonas' finances for the period 2008-2024.