https://knews.kathimerini.com.cy/en/news/eu-prosecutor-probes-vasilikos-lng-project-for-fraud
The European Public Prosecutor's Office (EPPO) has launched an investigation into the Vasilikos liquefied natural gas (LNG) import terminal project in Cyprus, amid suspicions of public procurement fraud, misappropriation of EU funds, and corruption.
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https://knews.kathimerini.com.cy/en/news/eu-reviews-impact-of-chinese-exit-from-vasilikos-lng-terminal
The European Commission is assessing the potential impacts on project funding following the withdrawal of a Chinese consortium from the construction of the LNG terminal in Vasilikos, a spokesperson for the European Commission confirmed....
https://knews.kathimerini.com.cy/en/business/vasilikos-lng-terminal-to-proceed-despite-challenges-says-president
The liquefied natural gas terminal project in Vasilikos will be implemented, Cyprus President, Nikos Christodoulides, said on Monday, noting that the project should never have been assigned to the Chinese CPP-METRON Consortium Ltd....
https://knews.kathimerini.com.cy/en/news/philippines-secures-china-approval-for-ship-supplies
The Philippines announced it has reached an understanding with China regarding resupply missions to the beached Filipino naval ship, the BRP Sierra Madre, a significant flashpoint in the South China Sea....
https://knews.kathimerini.com.cy/en/news/etyfa-receives-unfinished-vasilikos-terminal-plans-to-complete-by-2025
The government is on a countdown following the termination of the contract for the construction of Terminal F.P. at Vasilikos by the CPP-METRON CONSORTIUM LTD....
https://knews.kathimerini.com.cy/en/news/turmoil-at-vasilikos-as-chinese-consortium-pulls-out-terminal-project-in-limbo
The sudden withdrawal of the CPP-METRON CONSORTIUM LTD from the Vasilikos terminal project has added a new layer of complexity to the already troubled initiative. ...
https://knews.kathimerini.com.cy/en/news/etyfa-criticizes-consortium-for-failing-vasilikos-project
The Natural Gas Infrastructure Company of Cyprus (ETYFA) expressed deep frustration and disappointment on Friday, confirming that the consortium contracted for the Vasilikos project is not only unwilling but also unable to complete the work....
https://knews.kathimerini.com.cy/en/news/jamie-dimon-eyed-for-treasury-secretary-by-trump
Former President Donald Trump stated in an interview with Bloomberg that he has no intention of removing Federal Reserve Chair Jerome Powell from his position before Powell's term concludes....
https://knews.kathimerini.com.cy/en/news/legal-challenges-mount-over-vasilikos-terminal-abandonment
Cyprus is preparing for significant changes in its energy sector following the formal termination of the contract between the Natural Gas Infrastructure......
https://knews.kathimerini.com.cy/en/business/cyprus-faces-financial-hit-as-chinese-consortium-exits-energy-project
Following the public admission by Energy Minister George Papaconstantinou, the agreed separation between Cyprus' Natural Gas Infrastructure Company (ETYFA) and the Chinese consortium CPP-METRON Consortium Ltd (CMC Ltd) is imminent, according to a report by Apostolos Tomaras in this Sunday's printed edition of Kathimerini....
https://knews.kathimerini.com.cy/en/business/chinese-consortium-exits-vasilikos-lng-project
The Chinese CPP-METRON Consortium Ltd (CMC Ltd) is set to exit the unfinished photovoltaic (PV) terminal project in Vasilikos, according to Cyprus' Energy Minister George Papanastasiou. ...
https://knews.kathimerini.com.cy/en/news/temu-shein-ali-express-eu-cracks-down-on-chinese-imports
The European Union is taking steps to clamp down on the surge of low-quality Chinese imports flooding its markets. According to sources speaking to the Financial Times, the EU plans to impose tariffs on cheap products from platforms like Temu, Shein, and AliExpress....
https://knews.kathimerini.com.cy/en/business/dior-bags-assembled-for-€53-sold-at-€2-600
Italian authorities have uncovered stark realities behind the glitz of fashion catwalks and luxury boutiques during recent raids on local factories and workshops involved in the production of Dior and Armani handbags....
https://knews.kathimerini.com.cy/en/news/cyprus-has-a-long-way-to-go-when-it-comes-to-ev-s
Cyprus lags behind the rest of the European Union in the adoption of battery electric vehicles (BEVs), according to data from the European Alternative Fuels Observatory (EAFO). While growth is noted and targets seem achievable, the country's rate of electric car use remains among the lowest in the EU....
https://knews.kathimerini.com.cy/en/news/us-ready-to-act-after-filipino-soldiers-fight-chinese-barehanded
Filipino soldiers used their ''bare hands'' to fight off armed Chinese coastguard in the disputed South China Sea, a Philippine military chief has said....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-reforms-are-a-comedy-of-errors-in-governance
Following last Sunday's vote, the much-publicized local government reform will take effect on July 1. This, like many other reforms, has been carried out in typical Cypriot fashion. ...
https://knews.kathimerini.com.cy/en/business/eu-to-impose-up-to-25-tax-on-imported-chinese-evs
The European Commission is set to notify car makers on Wednesday that it will provisionally apply additional duties of up to 25% on imported Chinese electric vehicles (EVs) starting next month, according to the Financial Times, citing sources familiar with the matter....
https://knews.kathimerini.com.cy/en/news/four-u-s-university-staff-stabbed-in-china-park
Four staff members from a U.S. university were stabbed in Beishan Park in northeast China, officials said Monday....
https://knews.kathimerini.com.cy/en/news/alexandros-jiang-makes-history-in-paphos-municipal-elections
In a historic turn of events, Alexandros Jiang, a Cypriot citizen of Chinese descent, clinched an impressive 1279 votes, securing a position as Municipal Councilor in the Municipality of Paphos....
https://knews.kathimerini.com.cy/en/news/four-hostages-rescued-in-daring-idf-operation
Israeli forces have successfully rescued four hostages, Noa Argamani, Almog Meir Jan, Andrei Kozlov, and Shlomi Ziv, who were kidnapped by Hamas during the Nova music festival attack in October....
https://knews.kathimerini.com.cy/en/news/nicosia-and-china-universities-partner-on-law-education
The University of Nicosia and China University of Political Science and Law (CUPL) have signed an MoU to enhance collaboration in law education and research....
https://knews.kathimerini.com.cy/en/news/vasiliko-president-dismisses-velvet-divorce-talks-with-chinese-firm
Cyprus President Nikos Christodoulides dismissed reports of a "velvet divorce" with the Chinese state-owned company CPP regarding the liquefied natural gas (LNG) terminal in Vasiliko....
https://knews.kathimerini.com.cy/en/news/government-seeks-new-investor-for-larnaca-port
After prolonged negotiations, the government has reached a resolution with the consortium tasked with revamping the port and marina of Larnaca......
https://knews.kathimerini.com.cy/en/business/1-may-newsletter-of-k-treppides-co-ltd-cyprus-securities-and-exchange-commission-european-securities-and-markets-authority
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...
https://knews.kathimerini.com.cy/en/news/vasilikos-chinese-consortium-demanding-an-additional-200-million
The meeting between Cypriot President Nicos Christodoulides and the Chinese Ambassador in Nicosia has dimmed hopes for the completion of the Vasilikos terminal project, according to a report by Apostolos Tomaras in this Sunday's print edition of Kathimerini. ...
https://knews.kathimerini.com.cy/en/news/non-cypriot-candidates-vie-for-spots-in-local-elections
As Cyprus gears up for its self-elections on June 9, the focus remains firmly on candidates vying for municipal councilor, school governor, and mayoral positions, according to a report by Yiannos Ioannou of Kathimerini....
https://knews.kathimerini.com.cy/en/news/vasiliko-lng-terminal-progress-confirmed-by-president-christodoulides
The project of the LNG terminal is still ongoing said President Nikos Christodoulides, on Tuesday, noting that he cannot elaborate on the matter, since discussions are still in progress....
https://knews.kathimerini.com.cy/en/news/funeral-plans-set-for-raisi-and-officials-after-helicopter-crash
Funeral ceremonies are set to begin on Tuesday for the late Iranian President Ebrahim Raisi following his death in a helicopter crash, as authorities probe what caused the aircraft to smash into the side of a remote mountainside during foggy weather on Sunday morning....
https://knews.kathimerini.com.cy/en/news/ft-law-firms-turn-to-ai-for-cost-cutting-and-efficiency
Law firms worldwide are increasingly turning to generative artificial intelligence (AI) to streamline operations and reduce costs, with many either......
https://knews.kathimerini.com.cy/en/news/xi-and-putin-reinforce-alliance-with-joint-critique-of-us-actions
China's President Xi Jinping and Russia's President Vladimir Putin on Thursday pledged a ''new era'' of partnership between their nations, presenting a united front against what they described as the United States' aggressive Cold War mentality and global destabilization efforts....
