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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...

International ratings agency, “Fitch Ratings”, has upgraded Cyprus’ long - term credit rating to BBB- from BB+ assigning stable outlook, elevating the Cypriot economy to investment-grade after seven years in junk, on 19th October 2018. (https://www.stockwatch.com.cy/en/article/diavathmiseis-xenon-oikon-trapezes/fitch-upgraded-cyprus-rating-investment-grade). This follows Standard and Poor’s similar upgrade on Cyprus, last month in September...