Noble Energy is considering the option of building a terminal in Cyprus in order to provide natural gas for the domestic market and for exports, Vice President Noble Energy Terry Gerhart has said, noting that the estimation for 5 to 8 trillion cubic feet natural gas in Cyprus’ block 12 is a very large accumulation [...]

NICOSIA, Cyprus — The Cyprus parliament on Thursday took the unusual step of rebuking a United Nations envoy over perceived bias that it says is hindering long-running talks to reunify the divided island. Lawmakers unanimously approved a resolution decrying Alexander Downer’s “one-sided and detrimental statements and actions” that they say have eroded his credibility as [...]

Russia’s Deputy Minister of Energy Yury Sentyurin will be visiting Cyprus next week for the Russia-Cyprus Business and Investment Forum to take place Friday 10th in the coastal town of Limassol. Sentyurin will be moderating a panel discussion entitled “Business Opportunities”. Speaking to the press on Thursday, Fedias Pilides, President of the Cyprus Chamber of [...]

The President of the Party of European Socialists (PES) Sergei Stanishev expressed support to the efforts of Cyprus President Demetris Christofias to reach a Cyprus solution, adding that the country’s Turkish occupation cannot be tolerated by European Socialists. The President of the Republic of Cyprus met today with Stanishev in Brussels, with whom he discussed [...]

NICOSIA, Cyprus — Cyprus’ banks will be able to recapitalize on their own and won’t need state support thanks to fiscal measures buttressing the island’s financial system, the government said on Saturday. Cyprus’ Finance Ministry said in a statement that the economy has “strong foundations” and added that it will soon unveil a growth-oriented package [...]

Finance Minister Kikis Kazamias today said the government is successfully tackling the financial crisis facing the Cypriot economy. At an ceremony in Athens for Cypriot academic achievers, Kazamias highlighted the climate of political consensus and social participation and expressed hope that this will continue in 2012, despite a 0.2 per cent forecast GDP growth. Referring [...]

Fitch downgraded the sovereign credit ratings of Belgium, Cyprus, Italy, Slovenia and Spain on Friday, indicating there was a 1-in-2 chance of further cuts in the next two years. In a statement, the ratings agency said the affected countries were vulnerable in the near-term to monetary and financial shocks…

NEW YORK – At the Annual Board Meeting of the Cyprus U.S. Chamber of Commerce, held in New York City on October 5, 2011, outgoing President Mr. Dennis Droushiotis of Equis Trading, formerly the Cyprus Trade Commissioner in New York thanked the membership for their support and unwavering commitment to the Chamber. Mr. Droushiotis, in [...]

Photos from the “Cyprus-U.S. Chamber of Commerce Distinguished Merit Award’s Dinner at the New York Hilton on May 6th, 2011. The Dinner attended among others: the Ambassador of the Republic of Cyprus Mr. Pavlos Anastasiades, the Consul General of the Hellenic Republic Mrs. Aglaia Balta, the President of the Cyprus-US chamber of Commerce Mr. Dennis [...]

In the News: Cyprus-U.S. Chamber of Commerce Dr. Christopher A. Pissarides was honored by the Chamber on Friday, May 6th with the “Cyprus-U.S. Chamber of Commerce Distinguished Merit Award at the New York Hilton. Dr. Christopher A. Pissarides, LSE Professor has been awarded the 2010 Nobel Prize in Economic Sciences (together with Peter Diamond of [...]