The total cost of the massive wildfire in the Limassol mountains last week could rise by an additional €20 million, mainly due to long-term environmental destruction, Professor Theodoros Zachariadis of the Cyprus Institute (CYI) said on Monday.
While the immediate financial impact includes damages to homes, businesses, and infrastructure, such as water and electricity networks, Zachariadis warned that the ecological loss, which is not reflected in traditional economic calculations, is
