SATURDAY, 13 AUG 2022

 

CONNECT

Facebook Linked In Twitter
IMH LTD

US Invests $280bn In High Tech To Compete With China

Greece Exits Enhanced Surveillance Programme 12 Years After Bailout

IMH LTD

ECONOMY

Cyprus And Israel Ministers Of Energy Discuss Next Steps In Common Projects

Cyprus And Israel Ministers Of Energy Discuss Next Steps In Common Projects

Minister of Energy, Commerce and Industry of the Republic of Cyprus, Natasa Pilides, and the Minister of Energy of the State of Israel, Karine Elharrar, reaffirmed the two countries’ excellent bilateral relations, especially in the field of energy in a virtual meeting held Wednesday.

According to a PIO press release, during the meeting, Ministers Pilides and Elharrar focused their discussion on the mutually beneficial energy collaboration between Cyprus and Israel, going over the next steps in the joint promotion of common projects, such as the EuroAsia Interconnector electricity cable, as well as the two countries’ active participation in the East Mediterranean Gas Forum, intended to foster multilateral cooperation in the region.

Moreover, the Ministers discussed practical ways in which to further enhance the two countries’ commitment to work together towards a greener and sustainable future for the East Med, with reduced emissions, including joint efforts in the deployment of new technologies for the increased use of RES, energy saving and the promotion of circular practices.

Cyprus’ Minister of Energy, Natasa Pilides said that Cyprus and Israel are true partners in the East Med, often leading initiatives and efforts to create much needed regional cooperation and synergies between neighbouring countries.

“Whether in the hydrocarbons sector or in our common goal for the transition to a green energy model, our region’s prosperity, stability and sustainable development depend on our mutual respect of nations’ sovereign rights, as well as our ability and willingness to work closely together to build a shared future,” she noted.

Israel’s Minister of Energy, Karine Elharrar pointed out that Cyprus is more than Israel`s neighbour.

“Cyprus is a close and long-standing friend and partner, who is dealing with similar challenges. The energy sector is one of the most significant challenges, since both countries are energy islands and rely fully on self-sufficiency. I sincerely hope that, thanks to the close friendship with Minister Natasa Pilides, we will be able to work together, two countries, in order to create better energy security and connectivity in the region”, she said.

She added that the measures they are taking will benefit the citizens and consumers, who will enjoy more competitive prices, and, more importantly, will enhance and strengthen our ability to further develop renewable energies and trade them during peak hours.

Source: CNA

MORE ON ECONOMY

Trade Deficit Up By €1.12 Billion In First Half Of 2022, CyStat Data Show

Trade deficit was up by €1.12 billion in the first half of 2022, data released by the ...

Cyprus Stock Exchange Market Capitalisation Of Shares Reached €1.90 Billion In July

The market capitalisation of the shares traded in Cyprus Stock Exchange reached €1.90 ...

Eurostat: Exports In Services In Cyprus Almost At Pre-Pandemic Levels In 2021

EU member states exported services worth a total of 1027 billion euro to countries ...

FROM AROUND GOLDNEWS

   

Epic Invests In Renewable Energy Sources To Battle Climate Change

Epic, as a pioneering company, is investing on green and sustainable development, aiming to the reduction of the company’s ecological footprint and ...
   

New Residence Permits Reach Pre-Pandemic Levels In Cyprus And The EU, According To Eurostat

New residence permits issued in the European Union, as well as in Cyprus, to non-EU citizens in 2021 reached pre-pandemic levels, according to data on first ...
   

US Invests $280bn In High Tech To Compete With China

US President Joe Biden has signed a law committing $280bn (£232bn) to high tech manufacturing and scientific research amid fears the country is losing ...
   

Property Values In Cyprus Continue Upward Trend In Q2 2022

KPMG in Cyprus announces that the “RICS Cyprus Property Price Index with KPMG in Cyprus” has been issued for Q2 2022.
   

Greece Exits Enhanced Surveillance Programme 12 Years After Bailout

Greece will be "turning a page in its modern history" as the European Commission confirmed on Wednesday that the country will exit its enhanced ...
   

PASCAL Schools Join Leading Education Group Globeducate

PASCAL Schools have joined Globeducate, one of the world´s leading K12 education providers, with 55+ premium bilingual and international schools, and online ...
   

Eurostat: Young Air Transport Workers Most Affected By Pandemic's Impact On Sector

The decline in passengers in air transport as a result of the COVID-19 pandemic had a pronounced effect on younger workers due to staff reductions by airlines ...
   

Cyprus One Of Few Countries That Implemented Central State Aid And De Minimis Registry

Commissioner for State Aid Control Stella Michaelidou has welcomed the fact that her Office has taken the lead at European level and has been an example for ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

wic - waipa
maritime_cyprus_conference_9/8-11/10

IMH LTD