MONDAY, 6 DEC 2021

 

CONNECT

Facebook Linked In Twitter
Gold_November_leaderboard
GloriaJeans_266x90px
IMH LTD

Pope's Visit And Meetings In Cyprus Send Strong Message Of Solidarity, President Says

Cypriot FM Invites Egyptian Counterpart To Nicosia

gloria_christmas_266x90
IMH LTD

ECONOMY

Cyprus And Egypt To Sign Electricity Interconnection MoU

Cyprus And Egypt To Sign Electricity Interconnection MoU

Cyprus and Egypt will sign on Saturday in Nicosia a Memorandum of Understanding for the electricity interconnection between the two countries.

An official press release said the memorandum will be signed at the Presidential Palace on behalf of Cyprus by Minister of Energy, Commerce and Industry, Natasa Pilides and Minister of Electricity and Renewable Energy Mohamed Shaker El-Markabi.

The electricity interconnection is part of the Cyprus, Greece and Egypt interconnection project, the foundation of which was set in Nicosia in November 2017 during the 5th interstate trilateral meeting of the three countries. The political commitment by the leaders to implement the project was followed by another two trilateral meetings. The signing of the trilateral agreement will be finalised after the memorandum is completed.

In the Memorandum of Understanding to be signed by the two Ministers, the two countries will express the political will of their governments to facilitate the timely granting of permits and approvals, to proceed with the techno-economic studies for the construction of the submarine cable and the infrastructure required by the investment and, subsequently, the timely granting of the required permits for the construction of the project.

The interconnection project is in line with the objectives of the diverse Energy Strategy of the Cypriot Ministry of Energy, Commerce and Industry for a speedy transition to the green economy. At the same time, it will help lift the country`s energy isolation, ensuring energy supply and strengthen the effort to further develop renewable energy sources.

Source: CNA

MORE ON ECONOMY

Inflation in Cyprus rises to 4.3% in November

Inflation in Cyprus rose to 4.3% in November mainly due to the sharp rise in electricity ...

Cabinet Announces New Measures To Stop Spread Of COVID-19

Six additional measures were announced by the Cabinet on Thursday to curb the spread of ...

Cabinet Approves The Licensing Of Block 5 To ExxonMobil & Qatar Petroleum Consortium

The Council of Ministers approved on Wednesday the licensing of block 5 of the Cyprus EEZ ...

FROM AROUND GOLDNEWS

   

Total New Loans Down By €72.6 Million In October Says Central Bank Of Cyprus

Total new loans granted by Cyprus’ banks decreased by € 72.6 million in October 2021, compared to the previous month, mainly due to the significant reduction ...
   

City Of Dreams Mediterranean Appoints Jose Diaz As Executive Chef

Melco Cyprus announces its forthcoming integrated resort (IR), City of Dreams Mediterranean, has appointed Mr. Jose Diaz as Executive Chef.
   

Pope Francis: In Cyprus There's An Atmosphere Typical Of The Holy Land, Thankful To Meet Believers Who Live In Hope

Pope Francis said on Friday in Cyprus, he feels an atmosphere typical of the Holy Land, where antiquity and the variety of Christian traditions enrich every ...
   

Does This Ever End?

"Does this ever end?" A question asked by many nowadays as a newly detected coronavirus variant in Botswana and South Africa causes panic across the world.
   

ECB's Knot: High Inflation Could Warrant Rate Hike In 2023

If inflation continues to exceed expectations next year, the European Central Bank (ECB) could decide to raise interest rates in 2023, ECB policymaker Klaas ...
   

Inflation in Cyprus rises to 4.3% in November

Inflation in Cyprus rose to 4.3% in November mainly due to the sharp rise in electricity and petroleum products prices.
   

Pope's Visit And Meetings In Cyprus Send Strong Message Of Solidarity, President Says

Pope Francis` visit to Cyprus and the meetings he holds send a strong message of solidarity in our common cause and joint objectives and are a testament of the ...
   

Cypriot FM Invites Egyptian Counterpart To Nicosia

Minister of Foreign Affairs, Nikos Christodoulides, extended an invitation to his Egyptian counterpart Sameh Shoukry to visit Nicosia in the coming period.
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Great_Place_to_work
Gold_November_issue

IMH LTD