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1501. Cyprus drilling programme to resume in mid-2021

The Cyprus hydrocarbon exploration programme will resume in the second half of 2021, energy minister Natasa Pilides said Tuesday, noting however that the pandemic has rendered drilling projects “increasingly complex.”...

1502. Cyprus, Greece coordinate ahead of EUCO summit

Cyprus President Nicos Anastasiades and Greek Premier Kyriakos Mitsotakis spoke on the phone on Tuesday evening to coordinate their actions in light of the upcoming EUCO meeting in December and the visit of the UN envoy Jane Hall Lute to Cyprus for consultations with the leaders of the two communities....

1503. Cyprus rationalizes sanctions against Turkey

Cypriot Defence Minister Charalambos Petrides has reiterated his country’s position in seeking a settlement of the Cyprus problem, adding that economic sanctions against Ankara remain on the table 'as long as Turkey continues to maintain tensions'...

1504. Tactical moves by Ankara before EU summit

The anticipated suspension on November 29 of the activities of the Oruc Reis seismic vessel within parts of the Greek continental shelf after having scanned the entire area it had reserved since August is being touted by Ankara as a goodwill move ahead of the European Council in December 10-11, where one of the main topics of discussion will be the possibility of imposing sanctions on Turkey over its behavior in the Eastern Mediterranean. ...

1505. Greece, UAE commit to mutual defense assistance

The mutual defense assistance clause, activated in the event that one of the two countries’ territorial integrity is threatened, is probably the most important part of the defense and foreign policy cooperation agreement signed by Greece and the United Arab Emirates (UAE) last week, according to sources with inside information....

1506. Turkey’s behavior ‘widening its separation’ from EU, Borrell says

Turkey’s rhetoric on Cyprus is aggravating tensions with the European Union and Ankara must understand that its behavior is “widening its separation” from the 27-nation bloc, EU foreign policy chief Josep Borrell said on Thursday....

1507. EAC crucial to Cyprus' energy reform, energy minister says

The role of the Electricity Authority Cyprus is crucial to both the implementation of the energy reform in Cyprus and the joint effort for sustainable economic development, which must now be interconnected with green energy, energy minister Natasa Pilides said, addressing an online press conference during which the EAC presented its annual report for 2019. ...

1508. KPMG says it will be net zero carbon by 2030

KPMG announced its intention to become a net-zero carbon organisation by 2030, as part of its continued focus on delivering growth in a sustainable way and providing climate solutions for member firms, clients and society...

1509. Erdogan sets foot on Cyprus’ Varosha

Turkish President Recep Tayyip Erdogan visited Cyprus on Sunday during Turkish Cypriot celebrations in the north, prompting strong reactions from Greek Cypriots in the south at a time when the divided island’s political future hangs in the balance...

1510. Cyprus, Israel, Greece agree to boost defense cooperation

The defense ministers of Greece, Israel and Cyprus agreed Thursday to step up military cooperation which they said will keep their armed forces better prepared, help create more jobs and bolster security in a fraught region. ...

1511. Lidl Cyprus celebrates 10th anniversary

A press conference dedicated to the 10th anniversary of its operation was carried out by Lidl Cyprus on Tuesday, November 10, in a virtual environment and in the presence of institutions and representatives of the media...

1512. Mitsotakis hails Cyprus, Greece, Egypt cooperation

Greek Prime Minister Kyriakos Mitsotakis hailed the importance of the trilateral cooperation between Greece, Cyprus and Egypt for ensuring peace and stability in the region....

1513. Turkey extends Oruc Reis Navtex, Athens reacts

Athens on Wednesday condemned Turkey’s decision earlier in the day to issue a navigational telex (Navtex) for the continuation of survey activities of the Oruc Reis vessel in an area overlapping the Greek continental shelf in the Eastern Mediterranean through November 23....

1514. Cyprus 2021 defence budget up by €70 million

The six pillars of the defence ministry’s strategic aims in defence and security matters were presented before the parliamentary finance committee by defence minister Charalambos Petrides on Monday, in the context of his ministry’s budget for 2021....

1515. Cavusoglu indicates tough stance on Cyprus talks, East Med

The Turkish Cypriot community is no longer willing to sit at the table “just to negotiate,” Turkish Foreign Minister Mevlut Cavusoglu said on Tuesday, indicating a tougher stance towards UN-brokered talks aimed at reunifying the divided island....

1516. EU extends ability to impose sanctions on Turkey

The European Council on Friday issued a one-year extension to its framework for sanctions that could be imposed on individuals and entities responsible for Turkey’s controversial gas exploration and drilling activities in the Eastern Mediterranean....

1517. Turkish Navtex reserves area southwest of Cyprus

Turkey issued a new navigational telex (Navtex) late on Tuesday reserving an area off the southwestern coast of Cyprus, with the Republic of Cyprus on Wednesday demanding Turkey immediately seizes seismic research within the Cyprus EEZ. ...

1518. COVID-19 calls for digital technology investments in oil and gas

Ninety percent of oil and gas executives agree that investments in technology and workforce are essential to surviving current market conditions, according to a new EY survey...

1519. Bar set low as Brussels, UN in low spirits for CyProb involvement

Foreign players ranging from Brussels and Berlin to New York have lowered their expectations and show a reduced eagerness to actively get involved in efforts to reach a solution to the Cyprus Problem....

1520. Pompeo criticizes Turkey’s unilateral actions in letter to Greek FM

US Secretary of State Mike Pompeo has sent a letter to his Greek counterpart Nikos Dendias in which he criticizes Turkey’s unilateral actions while describing Greece as a pillar of stability in the region, Kathimerini says citing diplomatic sources in Athens....

1521. Athens starts diplomatic offensive

Athens has embarked on an ambitious diplomatic offensive aiming to woo old and new friends in the bid to advance its positions in the face of Turkey’s stance in the Aegean and the Eastern Mediterranean. ...

1522. Cyprus, Greece, Israel to bolster cooperation

The foreign ministers of Greece, Cyprus and Israel hailed the tripartite partnership between the three countries, aimed at bolstering economic and energy cooperation, during a meeting in Athens on Tuesday, and agreed that it could be expanded to include other countries in the region....

1523. Appointment of Directors, Principals, Senior Manager in K. Treppides & Co

The Management of K. Treppides & Co Ltd committed to develop leadership that derives from its own people, who pursue excellence in the provision of high quality specialised and unique services, is pleased to announce the appointment of the following members into the Board of Management with effect 1 October 2020...

1524.  EY announces the win of three 2020 Microsoft Global Partner of the Year Awards

1525. Energy Turkey's 'no.1 priority' in Cyprus and EastMed

Since noon on Friday, Turkey has been sending its own messages concerning the future of the Cyprus Problem and developments in the Eastern Mediterranean. First, the Vice President of Turkey, Fuat Oktay, who took part in the ceremony marking the change in the Turkish Cypriot leadership and entered the fenced-off town of Famagusta, and then the President of Turkey, Recep Tayyip Erdogan, who welcomed Ersin Tatar to the Turkish capital on Monday, both clarified the basic tenets of Turkey’s strategy for Cyprus and the Eastern Mediterranean....

1526. Friction in East Med to be prolonged

Turkey’s Oruc Reis seismic survey vessel will explore the area east of the 28th meridian for another two months, according to Turkish Energy Minister Fatih Donmez, effectively heralding a long period of friction in the Eastern Mediterranean. ...

1527. Turkey slams joint declaration by Cyprus, Greece and Egypt

Turkey's Foreign Ministry on Thursday slammed a joint statement by Greece, Cyprus and Egypt that condemns Turkish energy exploration in the eastern Mediterranean and numerous "provocations" that they maintain are threatening regional peace....

1528. EY Attractiveness Survey Cyprus 2020

EY Attractiveness Survey Cyprus 2020: Investors are optimistic about the country’s attractiveness over the coming years, but state that there is room for improvement...

1529. Cyprus-Greece-Egypt summit to 'send messages in all directions'

The strengthening of ties and cooperation between Cyprus, Greece, and Egypt sends strong messages regarding the determination of the three countries to work together for peace and stability in the region, deputy government spokesman Panayiotis Sentonas said on Tuesday. ...

1530. Greece finalizes plan to build wall on border with Turkey

Greece's government says it has finalized plans to extend a wall along its northeast border with Turkey, over concerns that migrants may try to stage mass crossings into the European Union country....