Natural gas reserves in the six licensed blocks of Cyprus’ Exclusive Economic Zone are estimated to exceed 1.1 trillion cubic meters (38.9 trillion cubic feet) according to Cyprus` Hydrocarbon State Company (KRETYK)
The Cyprus Cooperative Credit Institutions (Co-ops) have expressed optimism that they would be able to buy back their shares, bought by the state, due to a €1.5 billion capital injection. The Co-ops,
Cyprus Public Gas Company (DEFA) announced Thursday it terminates negotiations with Russian Itera with regard to a potential natural gas supply to produce electricity, the so-called "intermediate solution". DEFA and Itera held
President of Cyprus Nicos Anastasiades has confirmed his readiness to compensate partly Russian depositors who have lost money, as a result of the three Eurogroup creditors` decision to cut uninsured deposits in
The Eurozone Finance Ministers will approve Friday the next tranche of the Cypriot financial assistance programme amounting to 1.5 billion euro to be disbursed on 27 September, a senior Eurozone official said
Cyprus has released images of the first orange-coloured test flare from the offshore oil and gas exploration by Noble Energy in Block 12 of the Exclusive Economic Zone, adjacent to Israel’s resource-rich
Turkish Prime Minister Tayyip Erdogan said on Thursday he was doubtful that President Bashar al-Assad would fulfil his pledge to put Syria's chemical weapons under international control, and said he was buying
Greece's jobless rate hit a record high of 27.9 percent in June, data showed on Thursday, as the labour market continued to buckle in a deep recession with austerity policies linked to
The U.S. government spent nearly $62 billion on disaster relief in the two-year period ending Sept. 30, 2012, to help Americans recover from severe storms, droughts, heat waves and wildfires, a new
European Parliament President Martin Schulz has said that no other country needs investments as much as Cyprus. Schulz was speaking during a press conference on the sidelines of a European Parliament plenary,
