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1. 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. ...

2. High electricity costs in Cyprus due to lack of renewables

As high temperatures drive increased energy demand in Cyprus, the island remains heavily reliant on mazut for electricity production....

3. 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....

4. 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....

5. 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....

6. 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. ...

7. 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....

8. HR Legend Beth Davies at the Digital Agenda Cyprus Summit

With over 25 years of senior leadership experience at innovative global companies such as Tesla, Apple, Microsoft, and Gap, Beth Davies is a distinguished expert in cultivating company culture, creating customer-centric organizations, developing executives, and fostering a culture of innovation....

9. 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......

10. 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....

11. 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. ...

12. Cyprus faces crucial decision as LNG terminal contract nears end

Energy Minister George Papanastasiou announced on Tuesday that the contract between the Natural Gas Infrastructure Company (ETYFA) and the CPP-METRON Consortium Ltd (CMC Ltd) for the Vasilikos liquefied natural gas (LNG) terminal construction is approaching its conclusion....

13. CBC to keep dividends low despite bank profits

The increased profitability of Cypriot banks, will not affect the supervisory authorities’ views over the necessity to maintain a prudent policy with respect to banks’ dividend payments, the Central Bank of Cyprus said in its annual report for 2023, published on Wednesday....

14. New global report launched at Global Family Business Summit

The Global Family Business report from KPMG Private Enterprise and the STEP Project Global Consortium reveals how some successful business families adopt a future-centric view of legacy that binds generations together, creating dynamic legacies that adhere with tradition while simultaneously embracing innovation...

15. 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....

16. 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......

17. 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. ...

18. 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....

19. Government rejects proposal by Chevron-led consortium

The Cypriot government has once again turned down the proposal put forward by the Chevron, NewMed Energy, and BG Cyprus (Shell) consortium ...

20. ''State won't yield to blackmail on Larnaca port issue,'' says president

President Nikos Christodoulides emphasized on Tuesday that the state cannot be blackmailed by anyone, stating that efforts are underway to find a solution to the issue of the Larnaca port. ...

21. Minister stands against early fees for Great Sea Interconnector

Cypriot electricity consumers should not be burdened with a surcharge before the operation of the electricity interconnector linking Greece and Cyprus and the consequent reduction of electricity costs, Minister of Energy, Commerce and Industry George Papanastasiou said on Monday....

22. Larnaca port echoes Vasilikos unrest

The ambitious redevelopment of Larnaca's port, a cornerstone of the city's growth, has hit a rough patch....

23. EU probes Chinese subsidy claims in Romania solar tender

24. Cyprus aims for Vasilikos LNG terminal completion by 2024

Cyprus aims to complete construction of the Liquified Natural Gas (LNG) terminal in Vasilikos by the end of 2024, according to Energy Minister George Papanastasiou on Monday....

25. Vasilikos: Fragile peace amidst delays and disputes

According to a report by Kathimerini's Apostolos Tomaras, Energy Minister George Papanastasiou's recent meeting with a top executive of China Petroleum Pipeline Engineering Co. Ltd., the parent company overseeing the Vasilikos energy projects,...

26. Chinese Ambassador stresses cooperation for Vasiliko LNG success

The main body of the Vassiliko LNG project could be completed at the end of 2024 or early in 2025, as long as various parties can truly work together with......

27. Vasilikos LNG project defenders hit back amid accusations

In response to mounting skepticism, the CMC Administration issued a resolute defense of the CPP-METRON Consortium Ltd's ability to undertake the Vasilikos LNG Receiving and Regasification Terminal project. ...

28. High-Level consortium official to visit Cyprus amid LNG terminal project stalemate

A senior official from the consortium responsible for the construction of the liquefied natural gas (LNG) import terminal at Vassilikos is expected to visit Cyprus this week, announced George Papanastasiou...

29. US sanctions target Intellexa over cyber spyware

The United States has issued sanctions against Intellexa, linked to the black van, and other entities as part of cybersecurity principles, as revealed in a post on the U.S. Department of the Treasury's website. ...

30. Vasiliko energy project now under EU scrutiny

The procedures and decisions related to Cyprus' largest energy project in Vasilikos are gaining significant attention....