The first phase of Cyprus Gas Company’s (DEFA) tender process for the supply of liquefied natural gas (LNG) has triggered considerable interest from major international players such as Shell, BP, Eni and Total. According to DEFA, 25 suppliers, among the most dominant in the global LNG market, are seeking to supply gas to Cyprus and
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Monday is to see the final stage of the absorption of the defunct Co-op within Hellenic Bank, with customer accounts being transferred to Hellenic’s systems, almost one year after the takeover. The completion will mark the transition of Hellenic Bank into a new era, with the operation of a single banking organization following the merger
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Cyprus plans to abolish initial ship registration fees in a bid to boost the Cypriot registry’s competitiveness and attract more vessels, Deputy Minister for Shipping Natasa Pilides said. Pilides briefed the parliamentary committee on Transport about new draft regulations approved by the cabinet for the registry’s new pricing policy which provides for rounding off fees,
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A valuable inscribed Cypriot tombstone was handed over to Cyprus during a gathering at the country’s Permanent Representation to the EU in Brussels. The antiquity was returned to Director of the Department of Cyprus Antiquities, Marina Solomidou-Ieronimidou in the presence of the Ambassador of Cyprus to Belgium, Elpidoforos Economou. Christiane Kooij had informed the ambassador
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Cyprus can expect a serious increase in cruise tourism over the coming years, Deputy Minister for Tourism Savvas Perdios said. Perdios headed a Cypriot delegation at this week’s “Seatrade Europe”, Europe’s largest international cruise and river cruise fair in Hamburg. “We have presented the product of Cyprus, our competitive advantages and if everything goes right
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Cyprus is facing an “extremely challenging” situation with an unprecedented increase of over a 130% in new asylum applicants since last year, said Interior Minister Constantinos Petrides. Petrides told the 5th Conference of the Red Cross Small European National Societies, that for the third year in a row, Cyprus remains the top receiving Member State
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Cyprus has condemned Ankara’s plans to open the fence-off ghost town of Varosha saying it will do everything necessary to prevent it being populated by anyone other than by its legal residents. Turkish Foreign Minister Mevlut Cavusoglu told the private CNN-Turk broadcaster: "Yes, there are preparations. Varosha will be opened." Cyprus government spokesman Prodromos Prodromou
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By Lukman Otunuga, Senior Research Analyst at FXTM After pledging to do whatever it takes to preserve the Euro back in 2012, Mario Draghi in his final meeting as ECB President has unleashed a wave of new stimulus measures to revive the Eurozone economy. The central bank cut its deposit rate by 10 basis points
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The Land Registry admitted it may have been mistaken in their appraisal of a state plot opposite the former Nicosia Hilton Hotel in the heart of the capital, estimating the property at just €5 mln down from €70 mln. The House Watchdog Committee heard Andreas Socratous, the director of the land registry department, acknowledge that
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. * Delfi Partners releases revised portfolio with 200 properties for sale Delfi Properties has released its renewed listing of 196 new assets which consist of commercial buildings, offices, residential villas and plots all over Cyprus, with some properties reaching EUR 7 mln. The portfolio includes ten of the most prestigious land assets in
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