The Republic of Cyprus recorded a fiscal surplus of €702.5 million for the period of January to July 2024, according to preliminary general government fiscal results released by CySTAT.
CYPRUS
Turkey’s foreign minister hopes to make progress on improving Ankara’s rocky ties with the European Union on Thursday as he attends a meeting of EU ministers in Brussels for the first time in five years, a source from his ministry said.
The Hellenic American Leadership Council (HALC) called on Thursday for the expedited completion of the planned Cyprus-Greece (Crete) electricity interconnection, the Great Sea Interconnector (GSI), saying it represents “the great potential of the Eastern Mediterranean as a political, economic and energy region.”
In a letter to Greece’s Independent Power Transmission Operator, French cable company Nexans has threatened to stop laying the cable that will link Greece’s and Cyprus’ power grids on Monday, September 2, if some regulatory issues are not resolved by Friday.
The Minister of Foreign Affairs, Giorgos Gerapetritis highlighted the positive agenda in GreekßTurkish relations during a speech at the informal working lunch with his European Union counterparts and Turkish Foreign Minister Hakan Fidan.
Professor James Ker-Lindsay, who has worked extensively on the EU, the Balkans and Southeast Europe, including Cyprus, joins Thanos Davelis to look at how Cyprus has emerged as a key player amid the ongoing crisis in the Middle East, navigating what is a complex geopolitical position that is seeing it balance its ties between its Arab and Israeli neighbors.
A Chevron-led consortium that holds licensing rights over a gas field off Cyprus will present an updated development plan within days, one of the partners said on Monday, after Cyprus gave them a three-month deadline to comply.
The Central Bank of Cyprus reported a slight deceleration in the Housing Price Index (HPI) for houses and apartments in the first quarter of 2024.
A Chevron-led consortium that holds licensing rights over a gas field off Cyprus will present an updated development plan within days, one of the partners has said, after Cyprus gave them a three-month deadline to comply.
Bank of Cyprus will switch its stock market listing to Athens from London next month, subject to shareholder and regulatory approval, the lender has said.
Cyprus has named Costas Kadis, a scientist who held several cabinet posts in previous administrations, as its nominee for a post in the European Commission.
Ankara appears relentless in its efforts to gain international support for its hardline stance on the Cyprus issue, which boils down to the requirement for prior recognition of the pseudo-state in the Turkish-occupied north of the island before any UN procedure for talks can begin.
Cypriot Foreign Minister Constantinos Kombos has said that Nicosia has completed preparations for potential evacuations of foreigners from Lebanon and Israel, amid fears of a potential escalation in the Middle East.
The United Nations refugee agency on Friday said government authorities in ethnically divided Cyprus have rounded up dozens of migrants and pushed them back inside a UN-controlled buffer zone that they crossed to seek asylum.
Cyprus’ government on Friday refuted reports widely circulated on social media that Cyprus is allowing countries involved in the Middle East conflict access to its military facilities.
The Mediterranean island of Cyprus is on standby to assist in the evacuation of Europeans and third-country nationals if conflict in the Middle East deepens, officials said on Thursday.
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