FRIDAY, 20 APR 2018

 

CONNECT

Facebook Linked In Twitter
MTN_07/07-10/04_728x90px
GloriaJeans_266x90px
IMH LTD

Prodromou: CHOGM Communiqué to Include Reference to Cyprus Issue

ImpacTech Appoints Anthony Papaevagorou as Sales Director

IMH LTD
MTN_07/07-10/04_468x60px

ECONOMY

Foreign Ministry: The Natural Resources of Cyprus Belong to the Cypriot People

Foreign Ministry: The Natural Resources of Cyprus Belong to the Cypriot People

The Ministry of Foreign Affairs of the Republic of Cyprus reiterates its position, already stated on many occasions, that the natural resources of Cyprus belong to the Cypriot people. At this stage, a bill has been submitted for consideration before the House of Representatives, concerning the establishment of a National Investments Fund in which the revenue from hydrocarbon exploitation will be deposited “for the benefit of all Cypriots”, as stated in the draft bill.

 

According to the statement issued by the Foreign Ministry, the drilling in plot 11 is of an exploratory nature and therefore its outcome should be of interest to the Turkish Cypriots as well, since the future exploitation of the natural resources offshore Cyprus will be of common benefit.

 

Any Turkish claims should be compatible with the provisions of International Law, and Turkey should act in good faith in the framework of international legality. International Law provides for the kinds of actions admissible in such cases, and certainly a state resorting to gunboat policy in order to impose its positions is not one of the prescribed acts.

 

The statement states that the real reason for the fact that the recent negotiating process did not yield any result is Turkey’s continuing desire to fully control and intervene in the island whenever it deems necessary, using as a pretext the so-called interests of the Turkish Cypriots. 

MORE ON ECONOMY

Industrial Turnover Index Increases by 10.8%

The Industrial Turnover Index for January 2018 reached 82.8 units (base 2010=100), ...

CFA: Top Names to Give Their Views and Projections on the Economy and Markets

Leading figures from the financial sector of Cyprus and from abroad will participate in ...

IMF: Cyprus to Generate Fiscal Surpluses Until 2023

Cyprus will generate fiscal surpluses until 2023 according to the IMF’s fiscal ...

FROM AROUND GOLDNEWS

   

Industrial Turnover Index Increases by 10.8%

The Industrial Turnover Index for January 2018 reached 82.8 units (base 2010=100), recording an increase of 10.8% compared to January 2017.  For ...
   

Barclays Boss Faces Penalty for 'Conduct Breach'

Barclays boss Jes Staley is facing a fine by UK regulators for breaching rules when he tried to identify a whistleblower at the bank. The Financial Conduct ...
   

Celebrating International Dance Day with The Mall of Cyprus and G3 Great Games

On the occasion of International Dance Day, The Mall of Cyprus and G3 Great Games, official representatives of the video game Just Dance in Cyprus, are ...
   

Limassol Cruise Terminal Inauguration Ceremony by DP World Limassol

DP World, a leading enabler of global trade and an integral part of the supply chain, has been awarded a 25-year concession to exclusively operate the ...
   

PwC: Need for More Human Contact in Customer Service

Two thirds of consumers surveyed in a new international survey by PwC feel companies have lost touch with the human element of the customer experience. Three ...
   

Lakkotrypis: EU Energy Efficiency Targets Should Be Feasible and Financially Viable

Cyprus Energy Minister Yiorgos Lakkotrypis called for balance EU targets concerning the share of renewables and energy efficiency.   “These ...
   

Cyprus and Italy Forwarders in the Creation of the Group of Friends for the Protection of Cultural Heritage

The Permanent Representation of Cyprus to the United Nations, in cooperation with the Permanent Representation of Italy to the United Nations, created the ...
   

CFA: Top Names to Give Their Views and Projections on the Economy and Markets

Leading figures from the financial sector of Cyprus and from abroad will participate in the 14th annual CFA Forecasting Event organised by CFA Society Cyprus ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Deloitte_2016_300x250px
Gold_Digital_Edition_300x250px

IMH LTD