MARKET TRENDS

One of two ExxonMobil survey ships on its way to Limassol

One of the two ExxonMobil research vessels scheduled to carry out explorations in block 10 of Cyprus’ exclusive economic zone (EEZ) departed from Greece on Sunday and is headed towards Limassol port [...]

BY Elena Economou
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Mar 12 2018

Israel expects decision on Cyprus-Greece-Italy pipeline in 2019

Israel expects a decision to go ahead with the construction of a 2,000 kilometre pipeline linking vast eastern Mediterranean gas resources to Europe to be made by early 2019, Israeli Energy Minister Y [...]

MARKET TRENDS
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BY Elena Economou
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Mar 10 2018

ExxonMobil: Our top priority is the safety of vessels' crews

ExxonMobil`s top priority is the safety of its vessels` crews and of others in the Eastern Mediterranean, its spokeswoman Suann Guthrie has told CNA, asked about the company`s exploration drilling ope [...]

MARKET TRENDS
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BY Elena Economou
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Mar 08 2018

MPs discuss how to manage future gas revenues

After almost a year, MPs on Monday resumed discussion of a government bill providing for the creation of a National Investment Fund to manage future hydrocarbons proceeds. The bill, drafted by the fin [...]

MARKET TRENDS
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BY Elena Economou
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Mar 07 2018

Cyta will receive little from sale of Greek operations

Only a fraction of the €118m raised from the sale of Cyta Hellas to Vodafone will end up in the coffers of the parent company, the state-run telecoms corporation said on Monday. Speaking in parliame [...]

MARKET TRENDS
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BY Elena Economou
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Mar 06 2018

Cyprus checklist for young entrepreneurs

Would you move to Cyprus to start your own business? A new study sheds some light on what you should consider. Cyprus is number 32 on a list of the 57 best countries to move to if you’re young and w [...]

MARKET TRENDS
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BY Elena Economou
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Mar 05 2018

Housing loan company set to lower lending rates

The Housing Finance Corporation (HFC) said on Monday it was poised to lower lending rates while also announcing the imminent roll-out of three new financing schemes. The HFC’s director-general Andre [...]

MARKET TRENDS
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BY Elena Economou
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Feb 27 2018

Saipem 12000 was halted by five Turkish warships

Saipem 12000 drillship, commissioned by Italian energy company ENI, to start drilling operations in block 3 of Cyprus’ Exclusive Economic Zone (EEZ) was halted by five Turkish warships Friday mornin [...]

MARKET TRENDS
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BY Elena Economou
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Feb 24 2018

Mueller files new charges against former Trump aides Paul Manafort, Rick Gates

Special counsel Robert Mueller filed a barrage of new criminal charges on Thursday against two of President Trump's former campaign aides, accusing them of lying to banks to obtain millions of dollars [...]

MARKET TRENDS
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BY Elena Economou
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Feb 22 2018

Local authorities delaying title deed process

The land registry is still waiting for local authorities to decide about properties belonging to buyers who have not received title deeds because of problems caused by the sellers. Head of the departm [...]