• About Us
  • Our Services
  • Subscribe
  • Advertise
  • FAQ
  • Contact Us
Login | My Posts
Accountants in Cyprus
  • Publications
  • About Cyprus
    • Cyprus History
    • Cyprus Company Registration
    • Cyprus Tax
    • Cyprus VAT
    • Cyprus Accountants
    • Cyprus Economy
  • Find Accountants
  • Contact Us
No Result
View All Result
  • Publications
  • About Cyprus
    • Cyprus History
    • Cyprus Company Registration
    • Cyprus Tax
    • Cyprus VAT
    • Cyprus Accountants
    • Cyprus Economy
  • Find Accountants
  • Contact Us
No Result
View All Result
Accountants in Cyprus
No Result
View All Result
Home Publications News & Announcements

Dollar gains vs euro as equities fall

May 17, 2009
in News & Announcements
Reading Time: 2 mins read
A LAW is currently being prepared that will fine citizens who do not recycle as part of a ‘pay as you throw’ programme that would create direct economic incentives for Cypriots to recycle more and to generate less waste.

At the moment, only 30 to 40 per cent of Cypriots actively recycle, while the purpose of the proposed fines is to increase environmental awareness in Cyprus. The proposals would see warnings and fines being issued against those who do not participate in the recycling programme.

The enforcement of the law is considered a necessary measure by Cypriots themselves, who according to recently published research, said they will only recycle if it is imposed by law. Sixty to seventy per cent have no idea on how to recycle or even worse, do not really care.

The cost to dispose of household garbage is mostly unknown and leaves people with the impression it is a free service. The result: there is no incentive to recycle or to reduce waste. The proposals are currently being trialled by providing those taking part with a tax deduction incentive for recycling.

The “pay as you throw” programme has been implemented in other parts of the world and means the citizen is not taxed for what he chooses to recycle but only for what ends up in landfills. In communities with pay-as-you-throw programs, residents are charged for the collection of municipal solid waste – ordinary household rubbish – based on the amount they throw away.

Cyprus and Malta are the countries at the bottom of the European recycling list. Belgium comes first in citizens involved in recycling, at an astonishing rate of 90 per cent. According Parpounas, Cyprus’ rank in the list is not only a result of lack of environmental education, but also the size and geographic nature of our country. “It’s one thing to recycle in a country where with a truck or a train the recyclables are transported to the nearest country that has factories and it’s another to recycle in an isolated island where whatever you do it is disproportionately expensive. Therefore it is no coincidence that Malta and Cyprus are last”.

Although the environmental progress on the matter may be relatively slow, there has been progress. In Strovolos, where the recycling programme started in February 2007, collection has grown five fold. In 2007 the collection was limited to 20 tonnes of paper, 20 tonnes of pmd (plastic, metal, cartons) and 10 per cent glass. Today, just in Strovolos 250 tonnes of recyclables are collected every month, of which 100 tonnes are pmd and 80 are paper. Last year, a total of 8,000 tons of recyclables were collected and this year it is expected to increase to 15,000 tonnes.

Since the beginning of this month, 55 per cent of the population will have the chance to recycle through the Green Dot programme, following an expansion of collection from peoples’ homes to the areas of Nicosia, Ayios Dometios, Lakatamia, Engomi, Latsia and Aglandjia.

The municipalities of Limassol, Ayios Athanasios, Mesa Yitonia, Kato Polemidia, Yermasogeia and the communities of Ayios Tychonas, Moutagiaka and Ypsonas are already taking part in the programme. The next expansion should take place before May 2009 and will cover Paphos and Famagusta, while by the end of 2009 it is expected to cover the whole of Cyprus.

By Marianna Pissa, Cyprus Mail, October 5, 2008|

ShareTweetShare
Previous Post

Raised pandemic risk, bank capital report fuels fresh fears

Next Post

Cyprus construction prices down in April

Next Post
Cyprus construction prices down in April

Cyprus construction prices down in April

Newsletter

Latest News

Financial Services Sector: Future of Finance
Articles

Financial Services Sector: Embracing the Future of Finance

March 24, 2023

This article delves into the DLT Pilot Regime, its objectives, and its significance in the European financial services sector. The...

Read more
Financial Services

More financial services included in accountants portfolio

March 23, 2023
InvestPro ONline- Cyprus Preview

InvestPro Online Cyprus Preview

March 23, 2023

Accountants in Cyprus is an accounting portal that consists of information in the field of finance and a network of Cyprus accounting firms and other financial service providers .

USEFUL LINKS

  • Accountants in Nicosia
  • Accountants in Limassol
  • Accountants in Larnaca
  • Accountants in Famagusta
  • Accountants in Paphos
Menu
  • Accountants in Nicosia
  • Accountants in Limassol
  • Accountants in Larnaca
  • Accountants in Famagusta
  • Accountants in Paphos

USEFUL LINKS

  • Cyprus Tax Consultants
  • Tax Planning Cyprus
  • Tax Benefits Cyprus
  • Double Taxation Treaties
  • Cyprus Accounting Firms
Menu
  • Cyprus Tax Consultants
  • Tax Planning Cyprus
  • Tax Benefits Cyprus
  • Double Taxation Treaties
  • Cyprus Accounting Firms

AFFILIATED SITES

logo-lawyers-in-cyprus
lawyers-malta
2022 © Accountants in Cyprus. All Rights Reserved. Developed by Wizzweb
  • About
  • Cyprus Accounting Services
  • Auditors in Cyprus
  • Contact Us
No Result
View All Result
  • Publications
  • About Cyprus
    • Cyprus History
    • Cyprus Company Registration
    • Cyprus Tax
    • Accountants Cyprus
    • Cyprus Economy
  • Find Accountants
  • Contact Us
  • Our Services
  • Subscribe
  • Advertise
  • FAQ

© 2023 Accountant in Cyprus

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.