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Economy

NICOSIA - A meeting between the ministers of energy for Cyprus and Israel - George Papanastasiou and Eli Cohen - led to an agreement that the countries would make an underwater electric cable link a top priority, linking them to Europe.

NICOSIA - A liquified natural gas (LNG) terminal in Vasilikos should be constructed by the end 2024 as part of the European Union’s Projects of Common Interest (PCI) scheme, with 101 million euros ($109.

NICOSIA - A liquified natural gas (LNG) terminal in Vasilikos should be constructed by the end 2024 as part of the European Union’s Projects of Common Interest (PCI) scheme, with 101 million euros ($109.

NICOSIA - Cyprus in 2023 got 257 million euros ($278.

NICOSIA - Cyprus in 2023 got 257 million euros ($278.

NICOSIA - Greece's Eurobank has moved to obtain a majority stake in Cyprus' Hellenic Bank as a subsidiary.

NICOSIA - Greece's Eurobank has moved to obtain a majority stake in Cyprus' Hellenic Bank as a subsidiary.

LATEST

Israeli Tax Authorities Target Israelis Living on Cyprus, Businesses Too

LIMASSOL - Facing revenue shortfalls during the invasion of the Gaza Strip, Israel is looking to tax Israelis who moved to Cyprus and aren’t paying, those already living there, and others who’ve moved during the war.

LIMASSOL - Facing revenue shortfalls during the invasion of the Gaza Strip, Israel is looking to tax Israelis who moved to Cyprus and aren’t paying, those already living there, and others who’ve moved during the war.

Israel Eyes Buying Cypriot Port to Stage Relief, Reconstruction of Gaza

NICOSIA - With Cyprus being the jumping-off point to bring humanitarian aid to Palestinians caught in Israel’s invasion of the Gaza Strip in the hunt for Hamas terrorists, Israel’s Transport Ministry is sending a delegation to the island to look at buying a port complex.

NICOSIA - With Cyprus being the jumping-off point to bring humanitarian aid to Palestinians caught in Israel’s invasion of the Gaza Strip in the hunt for Hamas terrorists, Israel’s Transport Ministry is sending a delegation to the island to look at buying a port complex.

Cyprus Project Using Solar Power to Energize Schools, Cut Consumption 30%

NICOSIA - Sunny Cyprus is taking advantage of that source of power in a groundbreaking project bringing solar energy to schools and educational institutions, installing photovoltaic systems in 405 of them with a combined capacity of 4.

NICOSIA - Sunny Cyprus is taking advantage of that source of power in a groundbreaking project bringing solar energy to schools and educational institutions, installing photovoltaic systems in 405 of them with a combined capacity of 4.

Capital Link’s 7th Annual Cyprus Shipping Forum in Limassol on February 27

LIMASSOL – Capital Link is hosting the 7th Annual Cyprus Shipping Forum on Tuesday, February 27 at the Columbia Plaza – Limassol, Cyprus.

LIMASSOL – Capital Link is hosting the 7th Annual Cyprus Shipping Forum on Tuesday, February 27 at the Columbia Plaza – Limassol, Cyprus.

Italian Company Eni Drills Second Gas Well in Cyprus’ Cronos Field’

NICOSIA - The Italian energy group Eni said it has drilled a second gas research well in the Cronos field off Cyprus with a production test estimating it could have a capacity of more than 150 million standard cubic feet per day (MMSCFD.

NICOSIA - The Italian energy group Eni said it has drilled a second gas research well in the Cronos field off Cyprus with a production test estimating it could have a capacity of more than 150 million standard cubic feet per day (MMSCFD.

Cypriot Banks Ending Accounts With Big Russian Depositors, Businesses

NICOSIA - Long known as friendly to rich Russians wanting to plant their money in banks on the island, Cyprus is seeing deposits from them falling after going along with European Union sanctions over Russia’s ongoing invasion of Ukraine.

NICOSIA - Long known as friendly to rich Russians wanting to plant their money in banks on the island, Cyprus is seeing deposits from them falling after going along with European Union sanctions over Russia’s ongoing invasion of Ukraine.

Cyprus Sees Russian Bank Deposits Plunge as Government Seeks to Clean Up its Financial Image

NICOSIA — Cyprus has made headway in weaning itself off Russian cash and business as it tries to clean up its image, according to official figures, while a visiting team of U.

NICOSIA — Cyprus has made headway in weaning itself off Russian cash and business as it tries to clean up its image, according to official figures, while a visiting team of U.
NICOSIA — Construction of a 1.
NICOSIA — The Cyprus government and U.

Prices, Inflation Make Cyprus Push Back Planned “Green Tax” on Fuels

NICOSIA - Missing a European Union deadline to impose a so-called “Green Tax” on fuels by the end of 2023, Cyprus will not consider it until the 2024 budget, even as tourism is propelling a further economic comeback from the COVID pandemic.

NICOSIA - Missing a European Union deadline to impose a so-called “Green Tax” on fuels by the end of 2023, Cyprus will not consider it until the 2024 budget, even as tourism is propelling a further economic comeback from the COVID pandemic.

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