SUNDAY, 24 MAR 2019

 

CONNECT

Facebook Linked In Twitter
MTN_07/07-10/04_728x90px
Invest Cyprus 30/04-30/03/2019
IMH LTD

Perdios: Sports Tourism Should be an Integral part of Cyprus’ Tourist Product

Cyprus and Portugal to Enhance Cooperation in Maritime Transport

IMH LTD
PwC_Twitter_21/03-28/03_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

Cyprus and Portugal to Enhance Cooperation in Maritime Transport

Cyprus and Portugal have underlined their wish to further enhance their cooperation in ...

Lakkotrypis: Interest in Gas Increases Despite Turkish Provocations

Energy Minister of Cyprus Yiorgos Lakkotrypis has said that the fact that discoveries in ...

DBRS: Consumer Credit and Mortgage Lending Contract in Cyprus

Consumer credit in Cyprus kept contracting in January, the Canadian rating agency DBRS ...

FROM AROUND GOLDNEWS

   

Monaco International Luxury Property Expo 2019

The Monaco International Luxury Property Expo 2019, the world’s central B2C exhibition for upscale international real estate, will be held 15-16 May 2019 ...
   

PwC’s 4th Twitter Tax Cast to Provide Information on Cyprus’ Tax System

Business executives and the general public will have the opportunity to receive important information and also submit questions live on Twitter to PwC experts, ...
   

Fitch Upgrades Hellenic Bank to 'B+' and Affirms Bank of Cyprus at 'B-'

Fitch Ratings has upgraded Hellenic Bank Public Company Limited`s (HB) Long-Term Issuer Default Rating (IDR) to `B+` from `B` and Viability Rating (VR) to `b+` ...
   

Cyprus and Portugal to Enhance Cooperation in Maritime Transport

Cyprus and Portugal have underlined their wish to further enhance their cooperation in the sector of maritime transport during an official visit by Deputy ...
   

Perdios: Sports Tourism Should be an Integral part of Cyprus’ Tourist Product

Deputy Ministry for Tourism will work to render sports tourism an integral part of Cyprus’ tourist product, Deputy Minister Savvas Perdios has said on ...
   

British High Commission Continues to Support Innovation in Cyprus

Over recent months the British High Commission has supported a series of Innovation Workshops delivered by the Northern Ireland Cooperation Overseas (NICO) in ...
   

Infocredit Supports Boot-Camp Entrepreneurship-PEAK Up Your Success at EUC

Infocredit Group, committed in supporting innovation and youth entrepreneurship, was among the sponsors of the Boot-Camp Entrepreneurship-PEAK Up Your Success ...
   

Promoting Cyprus at the MIPIM International Property Exhibition in Cannes

Invest Cyprus (the Cyprus Investment Promotion Agency), accompanied by leading Cypriot companies active in the professional services and real estate ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

NewCyTech_22/02-22/04_300x250px
CySec_Dinner_06/03-07/04_300x250px

IMH LTD