TUESDAY, 28 JAN 2020

 

CONNECT

Facebook Linked In Twitter
Yachting_23/01-19/03_728x90px
Invest Cyprus 30/04-30/03/2019
IMH LTD

Costas Kadis Attends EU Council Debating European Green Deal And Cap

Kyriakos Koushos: Licensing Of Blocks Affecting Interests Of Third Parties Is Unacceptable

IMH LTD
GAP_Group_2019_468x60px

ECONOMY

EIB to Provide €35M for Reserve Oil Stocks in Cyprus

EIB to Provide €35M for Reserve Oil Stocks in Cyprus

The European Investment Bank (EIB) has agreed the first infrastructure project in Cyprus under the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe, the European Commission said in a press release on February 2.

The EIB will provide €35 million to the Cyprus Organisation for Storage and Management of Oil Stocks (COSMOS) to build a 210,000 tonne privately-owned storage facility.

The Juncker Plan-backed project will focus on enhancing energy efficiency and it will improve Cyprus’s energy security by increasing the amount of reserve oil stocks held in the country.

“The EU’s Energy Union strategy aims to make energy more secure and affordable,” Commission Vice-President for Jobs, Growth, Investment and Competitiveness Jyrki Katainen said. “This first EFSI project in Cyprus with COSMOS will help us meet those goals. I encourage more project promoters in Cyprus to contact the EIB with their investment proposals in order to continue boosting growth and creating jobs,” he added.

MORE ON ECONOMY

Cyprus Surpasses Its 2020 Renewable Energy Target

In 2018, the share of energy from renewable sources in gross final energy consumption ...

New Funds For Local SMEs By EU Initiative

The European Investment Bank (EIB), the EU bank, and the European Commission have joined ...

Yiorgos Lakkortypis: Cyprus The 5th Cheapest In EU For Gasoline Despite Slight Increase

Despite an increase in the price of gasoline, Cyprus remains in the 5th place of EU ...

FROM AROUND GOLDNEWS

   

Petroleum Products Sales for December 2019

The total sales of petroleum products in December 2019 recorded a reduction of 5,3% compared to the previous month, according to data released by CyStat. A ...
   

London Loses Reigns As Global Finance Hub

London has surrendered its position as the world’s top financial centre to New York due in part to uncertainty over Brexit, according to a survey of ...
   

Decentralized Nicosia Chapter Upcoming Event

In light of the avid interest in Decentralized Finance and tokenization of assets, the Decentralized Nicosia Chapter is opening its doors for another ...
   

The Cyprus Government Has Ratified The Multilateral Instrument

On 22 January 2020, the Instrument of Ratification of the Multilateral Convention to Implement Tax Treaty Related Matters to Prevent Base Erosion and Profit ...
   

PEK LTD: Delivering High-Quality Professional Services

PEK was established on 1 January, 1997, first as a partnership and later as a limited liability company, approved by The Institute of Certified Public ...
   

Kyriakos Koushos: Licensing Of Blocks Affecting Interests Of Third Parties Is Unacceptable

Cyprus Government Spokesman Kyriakos Koushos has told the Cyprus News Agency (CNA) that any licensing of a block for oil and gas exploration affecting the ...
   

Data Management: A Measurable Value For Every Company

George Z. Georgiou & Associates LLC presents the 3rd Data Management Forum which will take place on Thursday, 5 March 2020 at Hilton Nicosia (formerly ...
   

Costas Kadis Attends EU Council Debating European Green Deal And Cap

Cyprus’ Minister of Agriculture Costas Kadis is going to Brussels to attend the Agriculture and Fisheries Council that convenes there on ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Data_Forum_24/01-04/03_300x250px
Gold_Digital_Edition_300x250px

IMH LTD