UN committed to Cyprus

UN committed to Cyprus

UN Secretary-General Antonio Guterres reiterated to the President of Cyprus, Nicos Anastasiades, the United Nations’ commitment to Cyprus, including the availability of his good offices for the side [...]

Cyprus running out of time to get gas imports right

It is aiming to be ready early 2018, perhaps after the presidential elections, to go out for tenders. The plan is to award two contracts by next year, one for gas supply and another for construction o [...]

IMF focused on private and public debt in talks with Nicosia

This year’s consultations will conclude on October 4, 2017. Moreover, they will hold discussions with the country authorities on financial and fiscal policies as well as on structural reforms. Sourc [...]

European Commission team looking at Larnaca Port concerns

Members of the delegation will also pay a visit to the House of Representatives where they will have a meeting with the President and members of the Committee on Environment and with members of the P [...]

Number of foreign property buyers 34% up in August

The report said that beneficiaries of the scheme, who can liquidate their investment at a later stage, excluding a residence worth at least €500,000, include Russian and Ukrainian oligarchs implica [...]

Minister welcomes S&P’s nod of credit rating approval

Finance Minister Harris Georgiades welcomed on Saturday the latest rating by Standard & Poor’s (S&P) that placed the sovereign credit rating outlook of Cyprus from stable to positive. On Fri [...]

Vassilikos energy hub to host floating LNG facility

The government is planning to construct a jetty at Vassilikos port to host a floating storage facility for liquefied natural gas (LNG) to be used for power production, it emerged on Thursday. Accordin [...]

FinMin: Period of real economic growth

Cyprus has entered a period of real sustainable economic growth, Minister of Finance Harris Georgiades has said, stressing that despite the creation of fiscal space, fiscal discipline should continue. [...]

Why foreign businesspeople choose Cyprus

Two foreign businesspeople advocated yesterday why they chose Cyprus as their operating base. Speaking to the 2nd Cyprus International Business Summit, Captain Eberhard Koch, a partner in OL Shipping [...]

Minister briefed on exploratory drilling results

Energy Minister Giorgos Lakkotrypis was briefed on Friday on the results of exploratory drilling in the field “Onisiforos” of Cyprus’ offshore Block “11” by energy majors ENI and Total. Gove [...]

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