Author: sinka

Lebanon is currently undergoing a political and economic crisis, as the country enters its seventh week of anti-government demonstrations, and it is urged to restructure its debt as the crisis deepens (https://www.ft.com/content/e0c02d14-104e-11ea-a225-db2f231cfeae). The protests began in response to a set of regressive tax proposals put forward...

On Tuesday, 19th November 2019, Greek oil company and UK-listed, Energean Oil & Gas, stated that its Energean International Unit submitted an application to import and supply natural gas to Cyprus as early as 2021 (https://www.reuters.com/article/us-energean-oil-cyprus-natgas/energean-seeks-to-supply-natural-gas-to-cyprus-from-israel-idUSKBN1XT1EI). Energean sought to supply gas through a 215 km (135 miles) pipeline from the Karish block offshore Israel,...

On the 8th November 2019, EFTA (European Free Trade Association) and EU Ministers of ECOFIN (Economic and Financial Affairs Council (ECOFIN), met in Brussels, and discussed the economic, financial and political situation in Europe, with emphasis on green investments and sustainable finance (https://www.efta.int/About-EFTA/news/Annual-EFTA-ECOFIN-meeting-focuses-sustainable-finance-515501). With climate change, the...

On Wednesday, 6th November 2019, the Council of Ministers decided upon the actions that the Cyprus Government must take, in light of the fact that certain individuals obtained Cypriot citizenship in violation of the strict criteria to the Cyprus Investment Programme (http://www.reporter.com.cy/politics/article/586286/apofasise-tin-afairesi-26-chryson-diabatirion-to-ypoyrgko-symboylio). The relevant Decision aims to rectify...

On Wednesday, 16th October 2019, the Government of the Republic of Cyprus, introduced several bills on crucial reforms in the island’s notoriously slow justice system. The EU expects that these reforms will have a positive impact on the economy (https://cyprus-mail.com/2019/10/16/mps-urged-to-pass-justice-reform-bills-as-soon-as-possible/). Justice Minister of the Republic of Cyprus,...

The advancement of the digital economy, which has paved the way to a growth in demand for data centres across the world, in conjunction with the increasing need for sustainability, has led data centres to go green. A data centre is a repository that stores computing...