Tag Archives | Cyprus
Nicosia: Natural Gas Reserves Estimate Revised Downwards

Nicosia: Natural Gas Reserves Estimate Revised Downwards

The estimated amount of natural gas reserves within the Block 12 concession, operated by the Noble Energy Inc., has been revised downwards by a foreign independent consulting company, “Netherland Sewell & Associated Ltd”, which works with the American firm “Noble Energy”. Netherland Sewell & Associates Ltd (NSAI), a Texas-based oil and gas consulting firm, gives [...]

Turkish President Tells Cyprus-EU “Half a Country Leading Miserable Union”

During his official visit to the UK, the Turkish President Abdullah Gül referred to the prospect of Cyprus taking over the rotating presidency of the EU next year as “half a country” leading a “miserable union”. According to Reuters, the Turkish President said the failure to open new chapters in Turkey’s accession process was harming [...]

Britain: We Unequivocally Support the Rights of Cyprus to its EEZ

British Foreign Secretary William Hague has said that his country supports fully and unequivocally the rights of Cyprus to its EEZ. He further noted that Britain welcomes the talks that have taken place recently under the auspices of the UN Secretary General and looks forward to further progress in those talks. The remarks were made [...]

Pissarides: Greek Decision to Hold a Referendum Detrimental for Eurozone

Pissarides: Greek Decision to Hold a Referendum Detrimental for Eurozone

Cypriot Nobel economics laureate Christopher Pissarides has said that Greece decision to hold a referendum on its latest rescue plan will prove to be detrimental for the eurozone. Speaking from London, Pissarides said the new developments created after the Greek government’s decision are much more worrisome for Cyprus’ banking system due to the uncertainty concerning [...]

Turkish-Cypriot Company Offers Electricity to Southern Cyprus

In spite of some objections by politicians of the Opposition, after the interference of the General Public Prosecutor, the proposal of the Turkish-Cypriot Company to offer 80MB of electricity was accepted. There have been some small technical problems in the beginning, but the necessary equipment was sent to complete the connection in the Nicosia-region of Sopaz. According [...]

President Christofias in Kiev: We have Reached our Limits at Cyprus Talks

The Greek Cypriot side has a constructive stance at the ongoing Cyprus negotiations but has reached its limits, President of Cyprus Demetris Christofias has stressed. Speaking at the inauguration ceremony of the premises of the Embassy of the Republic of Cyprus in Kiev, President Christofias said that the Greek Cypriot side wishes for the Cyprus [...]