Famagusta District Self-Government Organization significantly reduces outstanding debt

The Famagusta District Self-Government Organization (EOAA) has successfully reduced its outstanding sewage fee debt by €12.6 million within approximately two and a half years of operation. Upon assuming its responsibilities on July 1, 2024, the organization inherited a total debt of €26 million. As of October 22, 2026, the remaining balance has been lowered to €13.4 million, representing a total reduction of 48.5 percent.

The progress follows an intensive collection policy directed at major debtors, including systematic communication, payment settlements, and legal actions. Specifically, 43 of the largest debtors initially owed €9.5 million. Of this amount, €4.43 million has been recovered, while an additional €1.22 million has been placed into formal repayment agreements.

To further address recurring non-payment, EOAA President Giannis Karousos has proposed a legislative amendment to the Minister of Interior, Konstantinos Ioannou. This policy would allow the organization to implement a "name and shame" strategy, enabling the annual publication of a list of legal entities and businesses with long-term outstanding debts exceeding four years.