Law fast-tracking large projects not working

Despite legislation recently introduced to fast-track permits for large construction projects, state services are ill-prepared to respond, argue developers. Developers and industry stakeholders have welcomed the approval of a bill that facilitates

Natgas projects in revival mode

Follow-through from last month’s G7 meeting, when “increased deliveries of LNG” and “publicly supported gas investments” were endorsed, has started to emerge. US public finance has started to flow for LNG, despite


Unpaid cost of blocking public projects

Apart from the unforgivable bureaucracy in this country, there have been problems in recent years in the execution of public tenders for infrastructure and other state projects. Each government tries to promote


The black hole of public tenders

Among the difficulties the Republic has, and apart from the unforgiving bureaucracy, there are increasing problems in awarding public tenders for infrastructure and other projects. Each government tries to promote infrastructure projects


British bases funding local community projects

The British Bases Cyprus Community Relations Fund (CCRF) team has begun distributing €40,000 to local communities to help them fund numerous projects. Money from the CCRF is distributed within the bases to

EBRD to end investment in Cyprus projects

The European Bank for Reconstruction and Development (EBRD) will end its engagement in Cyprus at the end of 2020 after completing a six-year mandate in which it invested about €600 mln. The

VTTV €150 mln projects boost for shipping

VTT Vasiliko, the Dutch-controlled international energy trader playing a key role in developing the Vasiliko energy hub since 2014, has two more storage projects in the pipeline worth about €150 mln. The