* Revenue share starting at 900 mln euros in 2020, then rising * Earnings from the sale of natural gas export contracts could reach as high as 4 bln euros a year, once upstream production has started from offshore gasfields that are currently being explored, according to a senior government official has said. “Cyprus has
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* Wants Cyprus gov’t to expedite plans at Vassiliko; Chuck Davidson to visit Israel Noble Energy, operator of the exploration license for natural gas and oil in Block 12 south east of the Cyprus coast, is keen to go ahead with plans to build an onshore liquefaction plant in partnership with the Cyprus government in
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Recent proposals by Maxwell Alves, Solicitors in the City of London, representing a number of victims of property mis-selling, have been accelerated in view of the crisis in Cyprus and in anticipation of what may happen. Under these proposals the British government will arrange for a line of credit to British victims of mis-selling which
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. * The current economic turmoil has touched everyone on the island. However, it’s not all doom and gloom By Ambassador Kirsten Geelan. Royal Danish Embassy, Nicosia When faced with an economic downturn and challenges, you have to maintain an outward looking perspective, to engage, innovate and modernise. To trade and to form partnerships. This
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. As controversial as she was, Margaret Thatcher’s greatest legacy is undoubtedly her determination to excel and her extreme sense of patriotism. She transformed a labour-intensive economy that was destined for doom to an entrepreneurial society that enjoyed unprecedented growth, she reformed and privatised the underproductive utilities and transformed a greater part of the public
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. By Shavasb Bohdjalian Certified Investment Advisor and CEO of Eurivex Ltd. As the government finalized the EU bailout terms and the IMF said it had reached an initial agreement with Cyprus to unlock its portion – about EUR 1 bln – of a EUR 10 bln bailout for the country, one would expect that
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. Marcuard's Market update by GaveKal Research Tolstoy said that “spring is the time of plans and projects.” Obviously, Tolstoy did not manage money, as for the fourth year in a row, spring appears to be the time when US growth indicators roll over, the euro project threatens suicide, and investor risk appetite falls out
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International investors recorded inflows of EUR 40.5 mln on the Athens Stock Exchange with Hellenic Exchanges reporting in its monthly bulletin for March that foreign institutional investors recorded inflows of EUR 9.8 mln. Greek investors were overall net sellers by EUR 40.1 mln, with retail investors recording outflows of EUR 1.5 mln. In the January-March
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Greek betting monopoly OPAP said it has won shareholder approval for a disputed IT services contract with Intralot, a move that could complicate the sale of the country's stake in the gambling firm. Greece's privatisation agency, HRADF, is selling all but 1% of the government's 34% stake in OPAP as part of efforts to raise
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Gold headed for its biggest two-day drop in 30 years on Monday as funds accelerated their exits from the market, and investors also cut exposure to oil, copper and grain after underwhelming Chinese growth data. The precious metal slid further into bear territory, dropping more than $30 in a matter of minutes at one point.
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