— Cyprus to earn EUR 17 mln from licenses  Several major international oil companies (IOCs) with experience in deepwater drilling are expected to make bids for Cyprus’ inaugural offshore upstream licensing round, the Middle East Economic Survey reported Monday. At last Thursday’s launch of bidding for 11 offshore blocks, industry experts told MEES that
More
Eurofreight Logistics Ltd (Cyprus) and UPS Supply Chain Solutions have signed an exclusive authorised service contractor agreement to represent Eurofreight Logistics in 150 countries while Eurofreight Logistics will represent UPS Supply Chain Solutions in Cyprus. This agreement enables Cypriot customers to source their heavyweight products from, or send their products to some 150 countries around
More
 Now that the whole ‘striking oil’ fuss has died down and the experts prepare to begin their preliminary work to see if there are any sizeable natural gas or oil reserves, let alone if it is worth to dig costly deepwater wells and pump the crude out, our politicians should decide which game they
More
Efforts are underway on the island to boost the local vulture stocks, as their numbers are dangerously dwindling. Limassol Mayor Andreas Christou handed over a vulture egg to Forestry Department officials, saying that the municipality “attaches great significance to this effortâ€. This was the fourth time the town’s council has provided the Forestry Department with
More
Cyprus has once again protested to the United Nations Secretary General the recent violations of the international air traffic regulations and the national airspace of the Republic by military aircraft of the Turkish Air Force. The violations were recorded between 4 December 2006 and 31 January 2007, the Cyprus News Agency reported. In a letter
More
The Board of Cytrustees Investment Pcl (CYTR) following a thorough examination of the revised public offer by Bank of Cyprus Pcl for the acquisition of up to 50% plus one share of the issued share capital of CYTR for a cash consideration of EUR 2.45 per share, has expressed its opinion that the consideration is
More
The European Commission has presented its Annual Policy Strategy setting out its political priorities for 2008. This document is presented every year around March and marks the beginning of the Commission’s policy cycle. It outlines the Commission’s policy objectives, namely in the four key strategic areas of the Barroso Commission: prosperity, solidarity, security and freedom
More
Work-related illness and accidents should be cut by a quarter across the EU under a new five-year strategy for health and safety at work, adopted by the Commission today. It follows a 17% reduction in fatal accidents from 2002-2004 and a 20% fall in accidents leading to absence from work of three days or more.
More
The slide in the number of tourist arrivals in Cyprus was milder in January 2007, with a registered fall of 5.5% year on year, compared with a fall of 6.1% in December and 8.2% in November. However, the persistence of the decline may explain why Cypriot hoteliers are so depressed that they see the advent
More
President of the main opposition Democratic Rally Party (DISY), Nicos Anastasiades, has been re-elected unopposed to serve a further four-year term at the head of the party.DISY Deputy President Averof Neofytou was also re–elected unopposed to serve this post for the next four years. Candidacies were submitted yesterday for the three posts of the party’s
More