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1621. Turkish frigate calls on Nautical Geo to change course just south of Paphos

The Nautical Geo research vessel which conducts surveys around the waters of Cyprus was intercepted by a Turkish frigate on Saturday afternoon (15/1) and called upon to immediately change course, according to a report from Omega news....

1622. Exploratory drilling in 'block 10' underway [VIDEO]

The appraisal drilling of "Glafkos-2" in block 10 of the Exclusive Economic Zone (EEZ) of the Republic of Cyprus is proceeding smoothly, Energy Minister Natasa Pilides said on Friday, during a visit to the drilling - ship "Stena Forth". The drilling is expected to be completed in March....

1623. Washington bows out of East Med gas pipeline

Washington implicitly clarified in a statement on Monday that it did not support an ambitious East Med gas pipeline project, following a Twitter storm sparked by Greek media reports on a non-paper expressing American reservations about the plan...

1624. State Department affirms commitment to 3+1 mechanism of EastMed natural gas project

Following reports of US reservations over the financial and environmental sustainability of the EastMed natural gas pipeline project, a State Department spokesman has affirmed Washington’s commitment to the 3+1 regional alliance scheme (Cyprus, Greece, Israel plus the US), while emphasizing that Europe’s energy independence is a key national security issue....

1625. Cypriot economy will continue to recover output lost during 2020

The Cypriot economy in 2021 recovered the output lost during the 2020 COVID crisis and will continue to grow with an average 3.7% in the years 2022 – 2024, the Central Bank of Cyprus expects, according to its economic bulletin, stressing that risks to the baseline scenario are balanced albeit slightly upside concerning inflation....

1626. Cyprus energy program resumes with an appraisal drilling in Block 10

The Ministry of Energy, Trade and Industry announced the start of assessment drilling in block 10 of the Exclusive Economic Zone of the Republic of Cyprus (EEZ)....

1627. Turkish lira whiplashes after Erdogan moves to protect savings

Turkey's lira rocketed back from record lows in volatile trading on Tuesday after Turkish President Tayyip Erdogan proposed measures to protect local currency savings against such swings....

1628. The new investment game

Accelerating the transition to a green economy is a no-brainer. It is no coincidence that it accounts for 36.3% of the total budget of the Recovery and Sustainability Plan...

1629. Turkish lira resumes slide to 17.5 against the dollar

The Turkish lira continued its freefall after President Recep Tayyip Erdogan rejected warnings from businesses about the dangers of recent interest rate cuts and vowed there was “no going back” from his approach....

1630. Prices of consumer goods and services up 4.7% in November

The Harmonized Index of Consumer Prices, which measures the changes over time in the prices of consumer goods and services acquired by households, increased by 4.7% in November 2021, compared to the index of November 2020....

1631. Limassol Mayor highlights environmental issues affecting city

A research study on the environmental risks and economic benefits of sector activities in Limassol, demonstrates the urgent need to protect the city’s coastal, marine and maritime environment....

1632. Turkish ship Oruc Reis to continue hydrocarbon exploration

The Antalya station issued a navigational telex (Navtex) late Thursday announcing that the Turkish ship Oruc Reis will continue its seismic exploration mission in the sea area between southern Turkey and the Turkish-occupied north of Cyprus through January 31....

1633. Greenpeace: Greek gas hunt an ‘unbearable’ threat to whales

Greenpeace on Wednesday renewed calls against proposed deep-sea oil and gas exploration off southwest Greece, warning of “unbearable” consequences to endangered Mediterranean whales and dolphins....

1634. Historic Meeting between Israeli and Emirate leaders

Israeli Prime Minister Naftali Bennett met Monday in Abu Dhabi with UAE strongman Mohammed bin Zayed, a historic meeting that marks a "new reality" in the region....

1635. The licensing of block 5 to ExxonMobil and Qatar Energy is done

The Government of Cyprus and the joint venture ExxonMobil and Qatar Energy on Friday signed the Contract for Exploration and Proportional Allocation of Production and the Hydrocarbon Exploration License for block 5 in the Cyprus Exclusive Economic Zone (EEZ)....

1636. Erdogan attacks Cyprus over exploration license

President Recep Tayyip Erdogan on Wednesday accused Cyprus of violating Turkey’s continental shelf by awarding an exploration license in the Mediterranean to ExxonMobil and Qatar Petroleum....

1637. Germany's new chancellor

Olaf Scholz became Germany’s ninth post-World War II chancellor Wednesday, opening a new era for the European Union’s most populous nation and largest economy after Angela Merkel’s 16-year tenure....

1638. End of an era: Merkel bows out after 16 years

Angela Merkel was assured of a place in the history books as soon as she became Germany’s first female chancellor on Nov. 22, 2005...

1639. Government subsidizes for alternative, zero or low emissions vehicles

The Ministry of Transport, Communications and Works announces that from next Monday, December 6, 2021, the Plan for Withdrawal of Polluting Vehicles and Incentives for Alternative, Zero or Low Emissions of Vehicle Types will be implemented....

1640. Turkey slams Cyprus over exploration license for Exxon, Qatar Petroleum in Mediterranean

Turkey on Thursday accused Cyprus of violating its continental shelf by awarding an exploration license in the Mediterranean to Exxon Mobil and Qatar Petroleum, adding it will not allow unauthorized exploration in its jurisdiction....

1641. Clarifications Min. Health for the new measures - The exceptions for telework

In a written announcement, the Ministry of Health clarified the new measures that were decided upon during yesterday's meeting of the Council of Ministers....

1642. Actualizing the ESG proposition The journey towards sustainability, resilience and purpose

1643. Reduction of electricity VAT from 19% to 9%

Finance Minister Constantinos Petrides said on Thursday that the Government has notified the EU’s VAT Committee over its intention to reduce VAT on household electricity bills from 19% to 9%...

1644. Inflation in Cyprus and the EU rose to 4.4% in October

The annual inflation rate in Cyprus was 4.4% in October, slightly above the eurozone average (4.1%) and the EU average,...

1645. 'Three Approaches to Measuring Natural Resource Scarcity: Theory and Application to Groundwater'

Professor Phoebe Koundouri's thesis, "Three Approaches to Measuring Natural Resource Scarcity: Theory and Application to Groundwater" which was published by Peterhouse of the University of Cambridge, is now available for free on Read Library....

1646. 'Time is not on the side of a solution'

While giving her perspective on the current challenges and opportunities in the Cyprus issue, Elizabeth Spehar warned of the passing of too much time and that "the more time passes, the greater the possibility that the divide will be entrenched". ...

1647. Tatar: The opening of Varos gave a new dimension to the Cyprus issue

The decision to open Varosi gave the Cyprus issue another dimension, said Ersin Tatar, while claiming that Varosi is the territory of the pseudo-state and part of the sovereignty of the "trnc"....

1648. The Cyprus issue is at a prolonged impasse

The insistence of Turkey and the leader of the Turkish Cypriots and settlers Ersin Tatar on advance acceptance by the Greek Cypriot side of the sovereign equality of the Turkish Cypriots has led the Cyprus issue to a prolonged impasse....

1649. France flexes muscle, puts warship in eastern Mediterranean

France showcased its military muscle Monday with a tour of its new frigate Auvergne in the eastern Mediterranean,...

1650. Government announces a reduction of VAT for vulnerable households

Cabinet Ministers today announced the reduction of VAT charged to electricity bills of vulnerable households. ...