Nicosia Launches Library of Things to Boost Circular Economy and Sharing

May 31, 2024

The mayors of Nicosia and Strovolos inaugurated the first ‘Library of Things’ in the old town on Friday. Nicosia Mayor Constantinos Yiorkadjis and Strovolos Mayor Andreas Papacharalambous officiated the opening at its location on Liasidou Street in Nicosia.

A New Era of Sharing

According to an announcement by the Strovolos municipality, the item lending library and its online platform have been operational since December 2023. This initiative is operated voluntarily by KyklOIKOdromio, with strong support from the municipality. The items available for lending include a diverse range of DIY tools, garden machinery, kitchen appliances, camping equipment, event gear, and other useful household items.

The municipality emphasized that this lending library is a key component of an innovative circular economy proposal developed by KyklOIKOdromio, which has even earned an EU prize. The initiative aims to encourage sharing and sustainability by providing access to items that people may only need occasionally.

Promoting Sustainability and Community

The Library of Things is more than just a collection of items; it’s a movement towards reducing consumption and promoting collaborative consumption. By making these items available for borrowing, the initiative helps to minimize waste and fosters a sense of community among residents.

This initiative aligns with the principles of the circular economy, which focuses on keeping resources in use for as long as possible, extracting maximum value from them while in use, and recovering and regenerating products and materials at the end of their service life. The Library of Things embodies these principles by encouraging the sharing of resources, thereby reducing the need for individuals to purchase items that they may only use sporadically.

As the first of its kind in the region, the Library of Things sets a precedent for other municipalities to follow. It demonstrates how local governments can support sustainable practices and community-building efforts through innovative solutions. The success of this initiative could inspire similar projects elsewhere, contributing to a broader movement towards a more sustainable and connected world.

Library of Things
The Library of Things in Nicosia offers a variety of items, including tools, kitchen appliances, and recreational equipment. By enabling the community to borrow rather than buy, it reduces waste and promotes a sharing economy, fostering sustainability and resource efficiency.

Can you borrow camping equipment from the Library of Things in Nicosia?

Send a request and get a free consultation:

Business Cyprus News, Learn further about this subject

February 2026
Cyprus Economic Growth Indicator Stable in June Amid Lease Trends
The year-over-year growth rate of the Cyprus Composite Leading Economic Index remained stable in June. This stability is attributed to opposing trends within the economic indicators. The University of Cyprus noted these findings in their monthly report, highlighting the importance of lease agreements in the market.
Tourism Sector Sees Growth with New Hotel and Entertainment Leases
A surge in investment for tourism development, including hotels and entertainment venues, is underway. Efforts focus on upgrading staff, food, and service quality. Tourist arrivals have increased by 8% annually, supported by favorable planning policies. Leasing opportunities are also expanding.
Businesses in Cyprus Seek Lease Adjustments Amid Heatwave Challenges
A major tech firm has signed a 10-year lease for a new office space in downtown San Francisco. The move aims to accommodate the company's expanding workforce and foster innovation. This strategic decision reflects the firm's commitment to growth and its confidence in the city's business environment.
Hellenic Bank is poised to buy insurance assets, engaging in exclusive talks with CNP Assurances to acquire CNP Cyprus Insurance Holdings, active in Cyprus and Greece.
Open corporate and personal bank accounts with Hellenic Bank in Cyprus. Benefit from secure, reliable banking services designed to support your financial goals. Our experienced team will guide you through a straightforward process, ensuring a smooth and hassle-free experience.

Internet banking essentials

  • Online account setup
  • Mobile banking tips
  • Secure transactions guide
  • Navigating n banking
Thanks for the apply!
We will get back to you within 1 business day
You can schedule a call time at your convenience now:
In the meantime, you can get a free consultation
with our AI-assistant