Greek Energy Minister Kostis Hatzidakis offering “strong political support” for only two phases of the Israel-Cyprus-Greece electricity cable is “unfortunate”, as he tried to justify exclusion of the Cypriot developer building the critical Crete-Attica link, an expert said. In an interview with the Cyprus News Agency, Hatzidakis expressed Greece’s strong political will to support Cyprus
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German Chancellor Angela Merkel has expressed her concern over Turkish activities in Cyprus’ Exclusive Economic Zone (EEZ) and the need for international law to prevail. She communicated Berlin’s position during a telephone conversation with Cyprus President Nicos Anastasiades. A written statement about the exchange, said Anastasiades "informed the Chancellor over the recent development in the
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. Data recently published in the Cypriot media, show us what’s already happened in the last four months, that is real estate sales have decreased by 6.6 %, but what lies ahead? The geopolitical political situation may be in turmoil, sales may have recently slowed down, but buyers and homeowners mustn’t make any rash decisions. I
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The government has refuted accusations that it is working behind the scenes to bring state hospitals to their knees, thus bringing in privatization through the backdoor. Health Minister Constantinos Ioannou rejected the accusations saying “public health institutions are not to be privatized. Period. On the contrary, we are increasing budgets for state hospitals”. He added
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Eni is not in the business of escalating tensions between Cyprus and Turkey over offshore drilling and would stay out of any conflict, the Italian oil and gas group’s Chief Executive said on Thursday. “I’m not worried,” Claudio Descalzi said at a conference in Rome. “If someone shows up with warships, I won’t drill wells…
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Cyprus’ Ministry of Foreign Affairs has unequivocally condemned the new military invasion by Turkey in north-east Syria and called on Ankara to immediately cease all military activities. According to a statement issued Thursday, Nicosia called the Turkish offensive a “gross violation” of international law and of the United Nations Charter. “It is also undermining progress
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By Hussein Sayed, Chief Market Strategist at FXTM Investors across the world are closely monitoring the high-level US-China trade talks, which get underway Thursday as China’s Vice Premier Liu He sits on the table with US trade representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin. Several trade-related headlines have been released prior to the
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Cyprus remains stuck at 44 in the World Economic Forum’s Global Competitiveness Report for 2019, scoring poorly for ICT adoption and business dynamism. Singapore ranked first out of 141 countries, overpassing the USA which dropped to second. The index is organized into 12 pillars, reflecting the extent and complexity of the drivers of productivity and
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No actions should be taken to alter the original status of fenced-off Varosha or violate UN resolutions on the matter, the United Nations Security Council has stated. UNSC President Jerry Matthews Matjila made the comments after a closed meeting in New York. The Council convened at the request of Cyprus’ UN representative Andreas Mavroyiannis following
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Turkey’s illegal drilling activities in Cyprus’ Exclusive Economic Zone (EEZ) will be the focus of European Council President Donald Tusk’s visit to Nicosia on Friday for discussions with Cypriot President Nicos Anastasiades. Government spokesman Prodromos Prodromou said the framework of their meeting, will raise again the issues related to Turkey’s illegal activities. Tusk has included
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