Consumers are to be given a break from bloated electricity bills as the Electricity Authority of Cyprus has announced that it is to bring down charges for January and the following months. Talking to Active Radio, EAC’s press officer Christina Papadopoulou said that the 1.1% drop for January comes as a result in the fall
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A UK national who suffered a heart attack on an ExxonMobil drillship offshore Cyprus was airlifted by helicopter on Thursday to a hospital in the Cypriot capital Nicosia, Cypriot authorities said. State radio said the condition of the 42-year-old British national is said to be stable. He is a crew member of the ExxonMobil-commissioned drillship
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Cypriot Foreign Minister Nikos Christodoulides is convinced that 2019 will be a milestone year for the Cyprus issue, underlining that the current status quo cannot constitute a solution of the problem. In an interview with the Cyprus News Agency (CNA) Christodoulides said he considers 2019 will be “undoubtedly and without any exaggeration, a milestone year
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The US Senate has confirmed the appointment of Judith Gail Garber as the new Ambassador of the United States to Cyprus. The American diplomat is expected to be sworn in during the coming days. It is not yet known when she will be arriving in Cyprus, CNA reported. Garber’s nomination was announced on August 15,
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Cyprus has lodged a protest against Turkey’s “provocative actions” within its Exclusive Economic Zone to UN Secretary General Antonio Guterres. In a letter circulated as an official document of the UN General Assembly, Cyprus’ Permanent Representative to the UN Kornelios Korneliou focused on the illegal activities of Turkish research vessel Barbaros. “On 18 October
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The north of the island witnessed severe damages to its infrastructure due to the heavy storms lashing Cyprus over the past few days. According to Turkish Cypriot media roads and bridges have collapsed, cutting off the flow of traffic especially in the Karpasia region. Yeniduzen daily’s internet site reported on the partial collapse of the
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Greek oil and gas firm Energean has signed a $900 mln Gas Sales and Purchase Agreement (GSPA) with Israel’s IPM Beer Tuvia Ltd (IPM) to supply an estimated 5.5 BCM of gas from its Karish and Tanin FPSO over a period of 19 years. The contract is subject to necessary approvals and is contingent on
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. I hope Theresa May had a good Christmas for she has very little chance of a happy new year. The curse of Brexit will continue to haunt the British Prime Minister and her beleaguered government, starting with the so-called ‘meaningful vote’ on the withdrawal agreement that she hopes will be approved by parliament before
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Foreign investors who put money in Cyprus banks have got little in return, with some seeing the value of their initial investment more than halved. Despite a promising upturn predicted for Cyprus banks, hedge funds and foreign investors have lost up to 70% of their initial investment. Hellenic Bank investors have seen the value of
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DBRS insights into the European Central Bank’s asset purchase programme reports that Cyprus government debt securities account for only 4% of €2.1 trillion public sector asset holdings the ECB had. The credit agency takes a look at the public sector asset holdings of the European institution on the occasion of the asset purchase programme coming
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