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ENERGY: Cyprus eyes first gas output from Aphrodite field by 2025

Cyprus expects initial natural gas production from the Aphrodite field will begin between 2024 and 2025, Energy Minister Giorgos Lakkotrypis told Reuters. Cyprus’ Aphrodite was first discovered in 2011, but production has

4th May 2019
Cyprus

CYPRUS: Credibility of Greek institutions questioned after U-turn on energy project

. By Makis Georghiou The credibility of Greek institutions has been placed in doubt after the government in Athens decided to abandon its partnership with a Cypriot electricity highway developer and go

3rd May 2019
Comment

MARKETS: ‘Goldilocks’ US jobs report weakens Dollar

By Lukman Otunuga, Research Analyst at FXTM   The Dollar turned volatile and unpredictable on Friday afternoon as investors digested the mixed US jobs report for April. Prices initially jumped higher as

3rd May 2019
Business

CYPRUS: Hotel groups increase their profits during 2018 boom

A record year for tourist arrivals, with almost 4 million visitors choosing Cyprus for their holidays in 2018, has been reflected in hotel enterprises boosting their balance sheets. According to an analysis,

3rd May 2019
Business

CYPRUS: President sacks chief of police over serial killings debacle

President Nicos Anastasiades has dismissed the Chief of Police Zacharias Chrysostomou after he refused to step down following claims the force had failed to properly investigate the cases of missing women over

3rd May 2019
Cyprus

ECONOMY: Cyprus committed to a continued reform effort

Finance Minister Harris Georgiades underlined Cyprus’ commitment to an endless reform effort, at the “Economist” Investment Summit "Cyprus – Greece – Israel: Strengthening Ties", in New York. Georgiades, along with the director

3rd May 2019
Cyprus

ENERGY: US strongly discourages any activity that could escalate Cyprus tensions

Assistant Secretary for energy resources at the US State Department Francis Fannon said Washington strongly discouraging any activity that could escalate tensions, such as Turkish threats to start drilling within Cyprus’ exclusive

3rd May 2019
Cyprus

ECONOMY: Cyprus aims to maintain high surpluses until 2022

Cyprus aims at maintaining high primary surpluses and use windfall gains to reduce its high public debt on a firm downward path, the Finance Ministry said. “Over the medium term, the government

3rd May 2019
Business

TRAVEL: Cyprus tourism looking towards China, Gulf states and Middle East

Cyprus Deputy Tourism Minister Savvas Perdios has been on tour to secure new tourist flows from the Middle East, the Gulf and China. He is travelling to various countries to promote Cyprus’

2nd May 2019
Cyprus

CYPRUS: Justice Minister resigns after serial killings outcry

Cyprus Justice Minister, Ionas Nicolaou resigned on Thursday after a public outcry over the serial killings of five migrant women and two children by a 35-year-old military officer who has reportedly confessed

2nd May 2019
Cyprus
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