Israel
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ECONOMIC NEWS SEPTEMBER 2024
12/09/24 Minister Eli Cohen posted on social media that he spoke with the Minister of Energy, Trade, and Industry of Cyprus. They underscored the strong relationship and ongoing cooperation between Israel and Cyprus, and Minister Cohen emphasized the great importance of the "Great Sea Interconnector" project to Israel. The project will connect Israel's...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 Saudi Arabia Game In The Middle Of The Oil War Next To The Increasing Influence Of Israel In The Gulf
Since the start of the covid19 pandemic, the oil price WTI fell from 45$ per barrel to 10$ BPD, considering that although the price was between 45-50$, this was still not enough to see large gains. Since that, , over the last few years, the price has suffered a drop...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 -
Israel and Cyprus launch commercial and parliamentary cooperation
The meeting was attended by the President of the Chamber of Commerce Israel Cyprus, Adv. Leon Amiras, the General Manager of the Chamber of Commerce, Mr. Eran Cohen, the Ambassador of Cyprus in Israel, Ms. Salina Shambos and the Head, Commercial and Economic Affair Mr. Sofronis Papageorgiou. The meeting was...Read more
