Cyprus-Israel

13/03/25 ENERGY RELATED President Christodoulides announced a reduction in VAT on electricity prices for domestic consumption from 19% to 9%. He made the announcement while reviewing the government’s work for 2024. The President also said that the govt. has proceeded with targeted actions to utilise natural gas in the EEZ with...

25/02/25 ISRAEL RELATED The Cyprus Chamber of Commerce & Industry posted on social media that its president & Secretary General welcomed the Ambassador of Israel Oren Anolik, for a constructive discussion on trade relations and investment opportunities.Recognizing the historically close ties between the two nations, they focused on strengthening economic collaboration,...

31/01/25 ENERGY NEWS There was a debate in Turkey’s parliament concerning drilling work being carried out by ExxonMobil and QatarEnergy in Block 5 of Cyprus’ exclusive economic zone (EEZ). Ruling AK Party deputy leader Leyla Sahin Usta explained that according to maritime claims recognised by the Turkish government, Block 5 belongs to Egypt and not...

During the last year, due to the failed attempts to create a government in Israel, the parliamentary committees were inactive; with only the Finance Committee being allowed to continue working in order to deal with issues such as the annual budget and the possibility of having control over the budget...

In recent weeks, the Persian Gulf was the scene of violent events that are viewed as acts of aggressive offensive by Iran in response to US sanctions, and it is obvious that the tension influences the energy market. However, the price of crude oil did not rise as expected. The...