New leadership appointed at the Cyprus Land Development Corporation

The Council of Ministers of Cyprus has appointed Theseas Ioannou as the new Chairman of the Board of Directors of the Cyprus Land Development Corporation (KOAG). Alongside this appointment, Panagiotis Pakhomiou has been named Vice Chairman, and Savvas Koulas has been appointed as a new member of the Board. These changes are intended to strengthen the operational efficiency of the organization in its role of implementing national housing policy. Theseas Ioannou previously served on the Board of Directors starting in July 2021 and was appointed as Vice Chairman in January 2024 following a selection process by the Advisory Council. The new leadership stated that their primary focus will be the delivery of affordable and high-quality housing for citizens. The appointments come as part of a restructuring effort to support the state's housing agenda. No specific end dates for the previous terms were mentioned in the official announcement.