A drillship is in position in block 10 of Cyprus’ Exclusive Economic Zone (EEZ) at the spot where gas exploration will be carried out by US giant ExxonMobil, Energy Minister George Lakkotrypis said on Monday. Lakkotrypris, who briefed the parliament on the country’s energy plans, called on everyone to maintain a low profile on energy
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Fund Management is part of a “new era” for the Cypriot economy, as the industry is showing significant growth since the 2013 financial meltdown, Finance Minister Harris Georgiades said. “I am delighted to note, that Fund Management, is part of this new beginning for the Cyprus economy,” Georgiades told the 4th International Funds Summit. He
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. By Andreas Poullikkas Do you drive an electric vehicle and live in Norway? If so, then you are among the 52% of Norwegian drivers who have invested in the ever-growing trend of electric cars. In Norway, back in 2012, only 3% of cars in circulation were electric, but that changed rapidly, rising to 29%
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Two new crossing points opened for people movement across the Island’s divide on Monday in a move to improve the climate of deadlocked Cyprus negotiations. The crossing points – at Lefka and Dherynia – are the first new additions since 2010 and took three years to realise. At Dherynia there were long queues of Greek
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A new Central Bank of Cyprus directive that formally and narrowly defines what constitutes a shell company is credit positive for Cypriot banks, says ratings agency Moody’s. It believes giving a specific definitions of shell companies will help eliminate suspicious transactions and further strengthen banks’ anti-money-laundering (AML) practices. “The implementation of the circular, which was
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. We wonder from time to time whether we are the only ones who voice our concerns on the problems of the Building Industry especially regarding the pressing items that need immediate correction. Regrettably the organised professional groups such as the Cyprus Technical Chamber (ETEK), the Architects Association and others or even the organised developers,
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. It is easy to get lost in the everyday fug of the routine where job and family commitments keep us on our toes but have we become a less caring and more selfish society. And if are a hardnosed, couldn’t care less community, do we feel guilty enough to change it? There are many
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President of Cyprus Nicos Anastasiades attended events in Paris for the November 11 centennial commemoration of the end of WWI. More than 80 heads of state and government are present at the ceremonies, after the invitation of French President Emmanuel Macron. Among them US President Donald Trump, Russian President Vladimir Putin, German Chancellor Angela Merkel
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Cyprus’ real estate sector is continuing to thrive, building on the upward trend of previous years, with experts confident that sales transactions for 2018 will peak at an eight-year high. A PwC report on the Cyprus Real Estate Market “First Half in Review H1 2018” showed that sale transactions reached 4,470 with the Land registry
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. News reports suggest that French industrial, transport and media giant Bouygues Batiment is keen to sell its 22% stake in Hermes Airports, operator of Larnaca and Paphos airports that it built, and is in “advanced negotiations” with Chinese investors. Although Bouyges reportedly seeks an early exit from the construction projects in which it is
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