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Stroumbi Village                                                    Photo © CyprusExpat.co.uk

13 September 2017

1. Results at Onisiforos encouraging but well is non-commercial, says Energy Minister

The Onisiforos well in Cyprus’ exclusive economic zone is estimated to have less than half a trillion cubic feet (tcf) of natural gas, Energy Minister Yiorgos Lakkotrypis said on Tuesday.  Addressing a press conference, in Nicosia, after the completion of a drilling operation by energy giants ENI and Total in EEZ block 11, Lakkotrypis also said that the outcome means that the reserve is commercially not a stand-alone project.

2. President announces new projects for Famagusta district amounting to 34.4 million euros

President Nicos Anastasiades announced on Monday new projects for the government – controlled district of Famagusta amounting to 34.4 million euros. President Anastasiades attended a meeting in Paralimni Municipality, that took place in the presence of ministers, mayors, community presidents and other officials of the district.

3. House President receives Ambassadors of Cuba and Germany

President of the House of Representatives Demetris Syllouris received on Monday the Ambassadors of Cuba and Germany, Aramis Fuente Hernandez and Franz Josef Kremp, respectively, and discussed with the former the devastation caused by cyclone Irma and with the latter issues concerning political developments in the EU and the Middle East.

4. Cyprus is developing into a world-class investment destination, says Transport Minister

The presence of investors from 30 different countries at the 2nd Cyprus International Investors Summit in Limassol is “a testament to the success of Cyprus in transforming its economy and, through a series of key reforms, in developing into a world-class investment destination,” Minister of Transport Marios Demetriades said on Monday.

5. Cypriot Defence Minister travels to Israel for launch ceremony of 1st offshore patrol vessel

Cypriot Defence Minister Christophoros Fokaides travels to Israel where he will be present at the launch ceremony of the first offshore patrol vessel (OPV) and he will have his fourth meeting with his Israeli counterpart Avigdor Lieberman this year for matters of enhanced cooperation between Cyprus and Israel.

6. Special ceremony marks completion of EU-funded restoration works on Venetian Walls in Famagusta

A special ceremony took place on Monday evening to mark the completion of EU-funded restoration works at the Martinengo Bastion and part of the Venetian Walls in Turkish occupied Famagusta. The Greek Cypriot and Turkish co-chairmen of the bicommunal Technical Committee on Cultural Heritage, Takis Hadjidemetriou and Ali Tuncay respectively, said the work was the result of cooperation, which should be enhanced to the benefit of both communities.

7. A total of 298 irregular immigrants are hosted at Kokkinotrimithia reception centre

A total of 298 irregular immigrants – 201 men, 25 women, 46 boys and 26 girls - are currently being hosted at Kokkinotrimithia reception centre, Civil Defence Commander Andreas Frantzis has told CNA.

8. Melco International acquires majority shares in Cyprus casino resort consortium

The consortium licensed to operate a casino resort in Cyprus has announced that the Cyprus National Gaming and Casino Supervision Commission has approved the acquiring by Melco International of 70.74% of the shares in the consortium.

9. Trade deficit down in July

Cyprus’ trade deficit stood at €258.5 mn in July, from €259.4 mn in June and €376.7 mn in July last year. On the basis of preliminary estimates for the foreign trade of Cyprus in July 2017, published by the Statistical Service on Monday, the total imports / arrivals were €564.2 mn, of which €385.4 mn were arrivals from other Member States of EU and €178.8 mn imports from third countries.

10. Applications to register new companies present fall in August

Applications to register new companies declined, for the fourth month this year, on an annual basis, figures from the Department of Registrar of Companies and Official Receiver showed on Monday. The number of applications to register new companies stood at 910 in August, compared to 1,014 in the same month last year, presenting a decline of 10.2%.CNA

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