MONDAY, 18 JUN 2018



Facebook Linked In Twitter
Invest Cyprus 30/04-30/03/2019

Georgiades: European Fiscal Framework Rules Need to be Simplified

Snapbox Holdings: Cyprus Has a Potential of Becoming a Key Investment Destination



brought to you by Deloitte

Cyprus to Support Renewable Energy Sources Targets If Particularities Addressed

Cyprus to Support Renewable Energy Sources Targets If Particularities Addressed

Cyprus will support higher targets for the use of Renewable Energy Sources in the EU, only taking into account the particularities of small island Member States, according to the position expressed by the Director General of the Ministry of Energy, Trade, Industry and Tourism Stelios Chimonas, during the Energy Ministers` Concil, held yesterday 11 June in Luxembourg.

In particular, the Director-General explained to his counterparts that "Cyprus could support more ambition in relation to the objectives set by the Union, only on condition that special references, as well as specific measures and solutions for small island Member States of the Union, are included."

The Director General intervenedduring the working lunch, where the EU28 discussed open issues relating to European Parliament trilogues on legislative proposals for the promotion of Renewable Energy Sources and Energy Efficiency.

The Director-General agreed with the intention to conclude negotiations quickly with the European Parliament, stressing the need to include specifically designed measures that take into account the specificities of the small island Member States of the Union.

Furthermore the Council agreed on a General Approach to the Regulation on the European Energy Regulator (ACER), while the Commission briefed on the EU`s International Energy Relations and the progress of trilogues with the European Parliament on three legislative proposals for the "Clean Energy for All" Package of Measures, which are related to the revision of the Renewable Energy Directive, the revision of the Energy Efficiency Directive and the Proposal for a Regulation for the Governance of the Energy Union.

In his intervention on the issue of the EU`s International Energy Relations, the Director General, emphasized the importance of the Eastern Mediterranean as a new source and new gas supply corridor for the Union.

In this context, after welcoming the signing of a Memorandum of Understanding between the European Union and Egypt in the field of energy, he referred to an advanced stage of consultations between Cyprus and Egypt on the signing of a transnational agreement for the construction of a natural gas pipeline from Cyprus to Egypt. He stressed that the conclusion of this transnational agreement is of particular importance to the EU as it will be an essential step towards diversifying sources and supply routes and enhancing EU security of supply.


Spehar Meets Christodoulides for UNFICYP Renewal

UN Secretary General’s Special Representative in Cyprus and head of UNFICYP ...

Devlet Bahceli: “Cyprus is Turkish and will remain Turkish”

International law and the relations with the United States, the EU and the countries in ...

Cyprus Participates in Posidonia Shipping Exhibition

The biennial International Shipping Exhibition “Posidonia” in Athens is one ...



ECB to End Stimulus Programme in December

The European Central Bank (ECB) has confirmed it will end a huge programme to stimulate the eurozone economy in December. The ECB will stop its bond-buying ...

Fear in the Workplace: How Much is it Costing you?

Fear is good: it keeps us alive and safe; and in the workplace, it can spur us on to achieve. But left unchecked, it can significantly impact our abilities, ...

Snapbox Holdings: Cyprus Has a Potential of Becoming a Key Investment Destination

Looking at the current investment climate in Cyprus, it is clear that foreign investments constitute one of the most important factors in Cyprus’ ...

Georgiades: European Fiscal Framework Rules Need to be Simplified

Finance Minister Harris Georgiades has expressed the view that the rules of the European fiscal framework ought to undergo a reform and become more simplified, ...

Three ISO Certifications for VTS Vasiliko Terminal Services

VTS Vasiliko Terminal Services (VTS), a leading marine services provider at Cyprus’ ports and terminals, and member of the Limassol-based RPT Group, has ...

Royal Academy of Dramatic Art Trains CFA

Members of CFA Society Cyprus had the opportunity to follow professional presentation, executive presence and story-telling seminars by professional trainers ...

Oracle and PwC to Support Finance Transformation for Insurers and Provide IFRS 17 Compliance Expertise

Oracle Financial Services Analytical Applications (OFSAA) and PwC, an Oracle PartnerNetwork (OPN) Platinum and Cloud Elite partner, announced today a global ...

Petrolina: Grand Sponsor of Charity Concert by the Association of Friends of Agia Skepi

Cypriot petroleum company PETROLINA was once again the grand sponsor of the annual charity concert organised by the Association of Friends of Agia Skepi in ...