Cyprus
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ECONOMIC NEWS NOVEMBER 2024
20/11/24 A small number of Cypriot passport holders were listed on the UK’s financial sanctions list, including one businessman allegedly linked to Roman Abramovich, former owner of Chelsea football club. The list includes 13 individuals who are Cypriot nationals or hold a Cypriot passport. Only two are Cypriot-born, the rest are dual...Read more -
ECONOMIC NEWS OCTOBER 2024
31/10/24 Energean has completed a significant investment to increase oil production at its Karish field off Israel’s coast, with critical equipment being shipped through Limassol port. The M10 equipment (second oil train module) for the FPSO Energean Power was loaded onto a specialist vessel at Limassol port for transport to the offshore site....Read more -
ECONOMIC NEWS SEPTEMBER 2024
26/09/24 The Ministry of Environment and Energy of Greece has filed to Greek Parliament the amendment that includes the arrangement for the equal sharing of geopolitical risk between Greece and Cyprus, for the Great Sea Interconnector. The regulation is included in the draft law of the Ministry of National Economy on...Read more -
ECONOMIC NEWS AUGUST 2024
28/08/24 Decisions regarding the electricity connection between Cyprus and Greece need to be taken sometime in the next few weeks, Energy Minister George Papanastasiou said. Cyprus, he noted, is the only remaining EU member state not connected to the common electricity market. The minister described the interconnector as one of the three...Read more -
ECONOMIC NEWS JULY 2024
27/07/2024 The Legal Service will be consulted first, and then the Ministry of Transport will respond to the complaints of Kition Ocean Holdings, according to a statement. In a letter it made public yesterday, Kition Ocean Holdings blamed authorities for botching the handover of operations and equipment at the Larnaca port and marina area and said it...Read more -
ECONOMIC NEWS JUNE 2024
25/06/24 Turkish Cypriot leader Ersin Tatar called a meeting last Friday to discuss the Cyprus problem and the recent remand of Turkish-Israeli businessman Simon Mistriel Aykut, who is in custody for developing on Greek Cypriot property worth €43 million. He called on the Republic to use “common sense” regarding the Immovable Property Commission...Read more -
The Finance Committee Reveals Its Agenda
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...Read more -
Coronavirus Affects The Middle East Energy Market
The new plague known as the corona virus keeps the world on alert. The price of the oil stock prices was already worryingly low. In the energy market, the mineral better known as black gold (oil) has been unstable since 2018.The new virus definitely caused the price to drop to...Read more -
Is Israel facing a great opportunity in the gas market?
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...Read more -
Israel, Cyprus and Argentina – A new initiative for peace, business and more
The new management team of the Chamber of Commerce Israel – Cyprus is preparing for a year of new initiatives with an extensive agenda. The Chamber of Commerce will be part of not only commercial projects but will also work together with the different governmental institutions to improve mutual relations...Read more
