Despite Turkey, More US Energy Companies Eye Cyprus Drilling
With Turkey threatening foreign companies to stay out of Cyprus’ sovereign waters where some have already been licensed to hunt for oil and gas, more […]
Economy
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Saudi Foreign Minister Determined to Bolster Cyprus Ties
NICOSIA (AP) — Saudi Arabia’s foreign minister says his country is keen to explore ways of strengthening relations with Cyprus given the European Union member […]
Cyprus Repays Remainder of Russian Loan 2 Years Early
NICOSIA (AP) — Cyprus’ finance minister says the east Mediterranean island nation has repaid ahead of schedule the remaining 1.58 billion euros ($1.73 billion) of […]
Greece, Cyprus, Israel, US Discuss Energy Cooperation
ATHENS (AP) — Energy ministers from Greece, Cyprus, Israel and the United States say they have been deepening their cooperation in the energy sector, noting […]
Cyprus’ Economic Rebound Hasn’t Convinced Businesses
Some 5 ½ years after needing a 10-billion euro ($11.13 billion) international bailout to keep the economy and banks from going under, Cyprus – driven […]
Cyprus OK’s French, Italian Companies for Offshore Drilling
With tension ratcheting up after Turkey put two energy drill ships in Cyprus’ sovereign waters, the government has approved new licenses for France’s Total and […]
Challenging Turkey, Cyprus Reserves Seas for Navy Maneuvers
As Turkey has positioned a ship in Cyprus’ Exclusive Economic Zone (EEZ) to drill for oil and gas, the legitimate government issued a NAVTEX advising […]
US Worry Grows Over Turkey’s Drilling Plan Off Cyprus
Turkish President Recep Tayyip Erdogan’s sending of two research vessels into Cyprus’ Exclusive Economic Zone (EEZ) to look for oil and gas – protected by […]
Cyprus Says It Stands To Gain $9 Billion From Gas Field
NICOSIA — Cyprus stands to gain more than $9 billion from the export of gas from its offshore ‘Aphrodite’ field over the 18-year life-span of […]
Cyprus Central Bank Warns Against Mass Property Selloffs
NICOSIA – ,The Central Bank of Cyprus (CBC) told commercial banks to shy away from the wholesale selling of mortgaged properties because it could lead […]
