Cyprus investigates €5 million loss in mooring space scandal

A parliamentary oversight committee in Cyprus is investigating a major scandal involving six mooring spaces granted to private entities in 2018. According to reports from the Audit Office, the state has lost an estimated €5 million in annual fees that were supposed to range from €75,000 to €262,000 per site. Despite the concessions, none of the sites—located in Peyia, Alaminou, Cha Potami, Pachayammos, and Softades—have become operational.

The Legal Service has reportedly characterized the requirement for fee payments as “unconstitutional” and “reprehensible” until necessary permits are issued, suggesting a need for legislative amendment. This has created a situation where the state loses revenue while private applicants gain rights that increase the value of their land.

During committee discussions, AKEL lawmaker Christos Christofides criticized the lack of transparency and administrative negligence, noting that the ownership status of the sites remains unclear. He called for an investigation into whether land surrounding these areas was purchased for investment purposes by individuals with prior knowledge of the Council of Ministers' decisions. The committee has requested additional data from the Land Registry and is examining the role of the Attorney General's office in the matter.