Author: sinka

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...

A major shift in Greece’s energy policy constitutes the government’s Plan submitted to the European Commission, to align with its 2030 energy targets. The aim is to reduce dependence on lignite power and to increase the use of renewable energy sources (https://www.euractiv.com/section/energy/news/greece-vows-e35-billion-investment-for-energy-transition/?utm_source=EURACTIV&utm_campaign=5eb2f03cde-RSS_EMAIL_EN_EnergyEnvironment&utm_medium=email&utm_term=0_c59e2fd7a9-5eb2f03cde-114953471). The Minister of Environment and Energy, Mr. George...

On Monday, 14th January 2019, the energy ministers from seven Eastern Mediterranean countries declared in Cairo, the establishment of the East Mediterranean Gas Forum (EMGF), which includes Egypt, Cyprus, Greece, Italy, Israel, Jordan and Palestine, with an objective of the optimal joint exploitation of hydrocarbon resources in the Eastern...

On 15th December 2018 and following two weeks of tense negotiations, in Katowice, Poland, nearly 200 countries that signed Paris climate agreement, agreed on the global rules that will dictate the world’s most ambitious climate pact (https://www.ft.com/content/89a7b338-0138-11e9-99df-6183d3002ee1). As Jonah Rockstrom, a scientist and co-head of the Potsdam Research Institute...

Energy Expert, Mr. Hani el Noqrashi, also advisor to the President of Egypt, Mr. Abdel Fattah el-Sisi, on energy issues, announced on the 21st November 2018, that Egypt plans to lay down the foundation stone of the EuroAfrica Interconnector project before year-end 2018. (http://www.egypttoday.com/Article/3/60781/Egypt-to-lay-down-foundation-stone-of-EuroAfrica-Interconnector-project). The EuroAfrica Interconnector is the 1.707 km sub-sea cable that...

UNICAF, the largest online higher education platform in Africa, announced last week, that it has raised USD 28 million in a Series B financing round led by Goldman Sachs(https://www.prnewswire.com/news-releases/africas-largest-online-university-platform-raises-28-million-to-meet-unprecedented-demand-for-higher-education-300750189.html). The UK Government's development finance institution CDC Group, leading higher education fund University Ventures, and EDEX, the founder of the University of Nicosia, are amongst the...

The Stena Icemax drillship, which is commissioned by US oil giant ExxonMobil for hydrocarbon, arrived on Sunday evening, 11th November 2018, in Block 10 of the Cyprus’ Exclusive Economic Zone (EEZ) (http://www.ekathimerini.com/234575/article/ekathimerini/news/exxonmobil-drillship-in-block-10-of-cypruss-exclusive-economic-zone). This follows the strong indications that natural gas finds will be high in Block 10, disclosed in August 2018 (https://cyprus-mail.com/2018/08/05/indications-that-gas-finds-will-be-high-in-block-10/). Over the last couple of years, Cyprus...