Cyprus | Tags | Econostrum | Economic News in the Mediterranean

Lebanon will be able to extract its own natural gas

09/20/2022 | Industry

LEBANON / ISRAEL. Negotiations on maritime boundaries between Lebanon and Israel are expected to end soon with an agreement allowing Beirut to extract natural gas from an offshore field.

Cyprus' Aphrodite gas field secures financing for its first drilling

09/20/2022 | Industry

CYPRUS. The partners of the Aphrodite gas field approve a $192 million financing that will allow the drilling of a first well in this very promising field.

Greek Prime Minister says he is ready to "welcome" the Turkish army

09/13/2022 | Society / Institutions

GREECE / TURKEY. Visiting Paris to meet Emmanuel Macron, Greek Prime Minister Kyriákos Mitsotákis responded firmly to Turkish threats to invade the Aegean islands.

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TotalEnergies and Eni make new "significant gas discovery" offshore Cyprus

08/23/2022 | Industry

CYPRUS. In two separate press releases published on Monday 22 August 2022, TotalEnergies and Eni announce a "significant gas discovery" in Cyprus...

Turkey and Israel resume "full and complete" diplomatic relations

08/18/2022 | Society / Institutions

TURKEY / ISRAEL. After twelve years of quarrel, the Turkish and Israeli authorities decided the complete restoration of their diplomatic relations. Good news for regional stability.

EU member states agree on plan to reduce gas consumption

07/28/2022 | Society / Institutions

EU. In order to respond to the decline in Russian gas supplies, the Council of the European Union adopts a European Commission proposal to organise a coordinated reduction in gas consumption in the 27 Member States.

European Commission releases €33.43m to bring the two Cypriot communities closer together

07/25/2022 | Society / Institutions

CYPRUS. The European Commission adopts an annual action programme for the Turkish Cypriot community with an annual amount of €33.43m.

AOP, Cyprus, Elisa Ferreira, European Commission, European Union, Halloumi, Hellim, Mediterranean, Republic of Cyprus, Republic of Northern Cyprus, TRNC, Turkey, Χαλλούμι

The EU's inhabitants are becoming fewer and fewer

07/12/2022 | Society / Institutions

EU. The population of the European Union decreased again in 2021 from 447 million on 1 January 2021 to 446.8 million on 1 January 2022.

António Guterres, Covid-19, Croatia, Cyprus, Egypt, European Commission, European Union, Eurostat, France, Germany, Italy, Malta, population, population in the EU, Slovenia, Southern Europe, Spain, World Population Day

EU to invest over €1bn in Cyprus as part of its social cohesion policy

07/12/2022 | Society / Institutions

CYPRUS. Following the adoption of the Partnership Agreement, the Single Operational Programme and the Just Transition Plan for Cyprus, the European Union will invest more than €1bn in this country between 2021 and 2027.

EU legislates to ensure no gas shortages this winter

06/28/2022 | Society / Institutions

EU. The European Council definitively adopts a regulation on gas storage aimed at securing the energy supply of Member States in the face of the threat of shortages caused by the war in Ukraine.

Cyprus, energy, EU, European Commission, European Council, European Parliament, European Union, gas, Ireland, liquefied natural gas, LNG, Malta, Ukraine

Croatia to become 20th member state to adopt the euro

06/02/2022 | Society / Institutions

CROATIA. On the twentieth anniversary of the euro as a physical currency, the euro area will welcome its twentieth member with Croatia on 1 January 2023.

The Eastern Mediterranean becomes a new gas province

04/05/2022 | Society / Institutions

MEDITERRANEAN. The problem of gas resources in the Mediterranean, but also of their sharing, was invited to the 11th Cybèle meeting in Marseilles whereas the decision of the European Union not to be supplied with Russian gas imposes to find other solutions.

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Cyprus, France and Slovenia to benefit from EU funds to protect the environment

02/22/2022 | Environment

EU. The European Commission will invest €110 million in integrated environmental and climate protection projects under the Life programme in eleven countries, including three Mediterranean countries.

Recep Tayyip Erdogan says he wants to "prevent the sabotage of Turkey-Europe relations

01/14/2022 | Society / Institutions

TURKEY / EU. Speaking before the ambassadors of the EU countries posted in Ankara, Recep Tayyip Erdogan made a point of recalling the interest of the partnership between Turkey and the European Union and asked that the "strategic myopia" of the Europeans be stopped.

Ankara, Brussels, Cyprus, Erdogan, EU, European Union, migration crisis, Syria, TRNC, Turkey, Turkey-Europe relations, Turkish Republic of Northern Cyprus, UN

Southern European passports among the most "powerful" in the world

01/13/2022 | Society / Institutions

MEDITERRANEAN. As it has done every year for the past 17 years, the British consultancy Henley & Partners has drawn up a hierarchy of the most powerful passports in the world, those that allow their holders to access the greatest number of destinations without having to apply for a visa...

Air traffic: collapse confirmed for 2020 and aborted recovery in 2021

12/07/2021 | Transport

EUROPE. The air transport sector lost 73% of its passengers in Europe in 2020. 2021 will be less catastrophic, but will also remain a black year.

R&D spending falls by €1bn in the EU

11/30/2021 | Society / Institutions

EU. Research and development expenditure in the EU Member States amounted to around €311bn in 2020, a drop of €1bn compared to 2019 according to Eurostat,

Covid-19, Croatia, Cyprus, EU, European Union, France, Greece, Italy, Malta, Mediterranean, Portugal, R&D, research and development expenditure, Slovenia, Spain, statistics

41% of plastic packaging is recycled in the EU

10/27/2021 | Environment

EU. According to a Eurostat study, each inhabitant of the European Union generated 34.4 kg of plastic packaging waste in 2019, but recycled only 14.1 kg.

Cyprus, Czech Republic, environment, EU, European Union, Eurostat, France, Lithuania, Malta, plastic packaging, recycling, Slovenia, Spain, waste

Egypt, Greece and Cyprus sign electricity transfer agreement

10/21/2021 | Industry

EGYPT / GREECE / CYPRUS. Three Eastern Mediterranean countries, Egypt, Greece and Cyprus, sign a tripartite electricity transfer agreement to ensure interconnection, but also to promote the exploration and transfer of natural gas between them.

Recep Tayyip Erdogan calls for a two-state solution for Cyprus

07/20/2021 | Society / Institutions

CYPRUS / TURKEY. In the northern part of Cyprus, the Turkish president has been pushing for a partition of the Mediterranean island between the Greek and Turkish communities.

Ankara, Cyprus, Cyprus independence, Cyprus politics, Cyprus reunification, Enosis, Ersin Tatar, EU, European Union, politics, Recep Tayyip Erdogan, Turkey, Turkish Republic of Northern Cyprus