MARKET TRENDS

Cabinet to issue exploitation licenses for Aphrodite gas field

Cabinet to issue exploitation licenses for Aphrodite gas field

The Cyprus Council of Ministers is expected to issue exploitation licenses for the Aphrodite gas reservoir paving the way for the monetization of Cyprus’ so far only commercial discovery, Minister [...]

Trade deficit reach €1.9 bn

The first estimate for euro area (EA19) exports of goods to the rest of the world in May 2019 was €203.4 billion, an increase of 7.1% compared with May 2018 (€189.9 bn), according to Eurostat, th [...]

London's mayor blocks plans for controversial 'Tulip' skyscraper

London's mayor Sadiq Khan has blocked plans for a controversial tower known as the Tulip, saying the structure would be of "limited" public benefit and "detrimental" to the capital's skyline. In a le [...]

FinMin: State monopoly is not the answer in competitive sectors

Finance Minister Harris Georgiades has said that state monopolies are not the answer when it comes to competitive sectors. Replying to journalists’ questions at the Ministry, on Friday, Georgiades [...]

House prices dropped by 8% between 2010-2018

Cyprus is among the few countries in the EU where house prices fell between 2010 and 2018, a new Eurostat report published on Wednesday said. The largest decreases among member states were observed i [...]

Steps taken to attract tourists from new markets in Cyprus

Savvas Perdios, Tourism Deputy Minister has said that 2019 and 2020 are expected to be difficult years for tourism, among other reasons, because of the uncertainty surrounding Brexit, adding that ste [...]

Government strikes new deal with Noble over Aphrodite gas

Energy Minister Giorgos Lakkotrypis: a good deal under the circumstances Cyprus has struck a production-sharing deal for the Aphrodite gas reservoir worth over $9bn (€7.9bn) over 18 years with Nobl [...]

Cyprus’ MEPs pledge to work for national problem

Cyprus’ six newly-elected Members of the European Parliament pledged to work to promote the national problem and the issues facing the people on the island. Speaking to reporters before his official [...]

Foreign Minister: Developments expected regarding energy program

Foreign Minister Nikos Christodoulides said on Thursday that developments should be expected in the next few days, concerning the energy program of the Republic of Cyprus. Speaking on Wednesday, on [...]

Commission repeats warning on Turkey over Cyprus' EEZ

European External Action Service (EEAS) and European Commission (EC) Spokesperson Maja Kocijiancic refrained today form speculating on the form the EU`s appropriate response could take, concering Tur [...]

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