SUNDAY, 23 SEP 2018

 

CONNECT

Facebook Linked In Twitter
PWC_14/09-07/10_728x90px
Invest Cyprus 30/04-30/03/2019
IMH LTD

Andromachi Zachariou of Crowe Cyprus receives Global Achievement in Recent ACCA Exams

Guterres 'Eagerly Awaiting' Lute Report on Way Forward in Cyprus

IMH LTD
GAP_Group_2018_468x60px

ECONOMY

US Recognise Cyprus Right to Develop Its Resources in Its EEZ

US Recognise Cyprus Right to Develop Its Resources in Its EEZ

The United States recognise the right of the Republic of Cyprus to develop its resources in its Exclusive Economic Zone, and discourage any actions or rhetoric that increase tensions in the region, a State Department official has said, reiterating a previous statement.
 
The official did not comment directly on Turkish threats regarding the arrival of a research vessel belonging to US Company EXXON in the region.
 
In a statement, the official said "the US policy on Cyprus’ EEZ is longstanding and has not changed: the United States recognizes the right of the Republic of Cyprus to develop its resources in its Exclusive Economic Zone.”
 
“We continue to believe the island’s oil and gas resources, like all of its resources, should be equitably shared between both communities in the context of an overall settlement. We discourage any actions or rhetoric that increase tensions in the region,” the State Department official added.

Last month, Turkish warships blocked twice a vessel bound for drilling activities in Cyprus’ EEZ block 3 on behalf of Italian energy company ENI, the Cyprus News Agency reports.

The Cyprus government and the consortium of companies ExxonMobil Corporation and Qatar Petroleum signed in April 2017 the exploration and production sharing contract for Block 10 of the Republic of Cyprus EEZ.
 

MORE ON ECONOMY

Rising Exports Push Cyprus Trade Deficit Down in First Half of 2018

Cyprus’ trade deficit dropped by €320,7 million in the first six months of the ...

Cyprus Raises €1.5 billion from Ten-Year Bond

The Republic of Cyprus has issued a ten year European Medium-Term Note (EMTN) which ...

New 100 and 200 Euro Notes Unveiled

The design for the new €100 and €200 bank notes has been unveiled, ahead of ...

FROM AROUND GOLDNEWS

   

Invest Cyprus Presents Investment Opportunities in Cyprus in view of Brexit

The Cyprus Investment Promotion Agency (Invest Cyprus), presented the investment opportunities that Cyprus can offer in view of Brexit, in an event that took ...
   

First Jack’s Customers Sample New Store

Heavy rain and winds did not deter bargain-hungry shoppers on the opening day of Tesco’s new discount chain, Jack’s, with long queues to enter ...
   

Italy Opens Probe into Ryanair Hand Luggage Charges

Italy's competition watchdog has opened an inquiry into Ryanair's decision to charge people to take hand luggage on to the plane. Antitrust said ...
   

Spehar Highlights Importance of CBMs and Civil Society Involvement in Peace Process

Elizabeth Spehar, the UN Secretary General`s Special Representative in Cyprus and Head of UNFICYP, highlights the importance of trust-building, engaging in ...
   

100 New Employees Join KPMG

Last week, KPMG in Cyprus hosted a Welcoming Event at their offices in Nicosia, for the 100 newly-hired members of staff who joined the Firm’s workforce. ...
   

Andromachi Zachariou of Crowe Cyprus receives Global Achievement in Recent ACCA Exams

Andromachi Zachariou, Staff Accountant of Crowe Cyprus, has scored the highest mark in Cyprus and the 21st position worldwide on the “F8 - Audit and ...
   

Bottega Prosecco Ranks Number Two in Global Travel Retail

According to data from drinks analysts IWSR on Champagne and sparkling wine brands in duty free, the Italian distillery and winery produces one of the ...
   

Rising Exports Push Cyprus Trade Deficit Down in First Half of 2018

Cyprus’ trade deficit dropped by €320,7 million in the first six months of the year, compared to the same period of 2017, as exports rose by ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Cablenet_06/09-07/10_300x250px
Dale_Carnegie_Transformation_300x250px

IMH LTD