Author: sinka

It was announced on the 30th May 2019, that with the approval by the Electronic Communications Division, Cyprus Telecommunications Authority (CYTA) will be ready to proceed with the commercial introduction of the 5G network, within the first half of 2020 (https://www.kathimerini.com.cy/gr/oikonomiki/epixeiriseis/proxora-entos-2020-to-5g-tis-cyta). As noted by the Senior Director...

On Wednesday, 22nd May 2019, a historic framework agreement was signed in Cairo, in Egypt, for the construction and commissioning of the EuroAfrica Interconnector which will tie the electricity networks of Egypt and Cyprus (https://www.stockwatch.com.cy/en/article/diethni-energeia/agreement-signed-egypt-europe-electricity-interconnector-cyprus). The EuroAfrica Interconnector will link the Greek, Cypriot, and Egypt power grids...

 On Monday, 6th May 2019, “The Cyprus Headquartering and Funds Summit” was held in Tel Aviv, where Cyprus’ advantages for investment fund professionals as well as businesses wishing to relocate their international or regional headquarters to Cyprus, were presented (http://www.goldnews.com.cy/en/companies/invest-cyprus-promotes-cyprus-in-tel-aviv). The Cyprus Investment Promotion Agency (Invest Cyprus)...

This week, there have been major developments, in connection to the Cyprus Energy Programme and significant clarifications upon the next steps to be taken, regarding the gas deposits, with the arrival of Total-Eni, Noble and ExxonMobil in Cyprus (http://www.philenews.com/eidiseis/politiki/article/688175/total-eni-noble-exxonmobil-irthan-oloi-ga-schediasmoys134). High-level representatives of Total-Eni, the “Aphrodite consortium”...

On the 11th April 2019, the Cyprus Foreign Minister, Mr. Nicos Christodoulides and the Cyprus Energy Minister, Mr. Yiorgos Lakkotrypis, met with the Lebanese Foreign Minister, Mr. Gebran Bassil and the Lebanese Energy Minister, Mr. Nada Boustani, in Lebanon, to begin negotiations regarding the delineation agreement of...

Significant amendments to the Cyprus Investment Programme were formally approved by the Cyprus Cabinet on the 13th February 2019. All the amendments will come into effect on the 15th May 2019. (https://cyprus-mail.com/2019/02/13/cabinet-approves-changes-to-golden-visa-scheme/). The move comes after the European Commission criticized Cyprus, Malta and Bulgaria, regarding the programmes of...