Wednesday, February 08 2023
Scattered Clouds
41.36°F New York

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1 $ = € 0.9340

Cyprus

 anastasiadis charles
 
The Cyprus problem, bilateral ties and Commonwealth issues were discussed at a meeting between President Nicos Anastasiades with King Charles III in Scotland, following the British monarch’s invitation. The meeting was held in his private residence of Birkhall on the royal Balmoral estate and was also attended by Queen Consort Camilla and Cyprus’ First Lady Andri Anastasiades.

 natural gas cyprus

A consortium of Italy's Eni and France's TotalEnergies has found more natural gas off Cyprus, boosting Europe's hopes for a clean break from Russian gas. However, the exploration programme is hotly disputed by Turkey. The Turkish Energy Minister, Fatih Donmez, repeated yesterday that "Any natural gas discoveries made off the coast of Cyprus should be shared with the Turkish-occupied north of the island". Turkey invaded Cyprus's northern third in 1974.

John Fredriksen

Frontline is the world’s fourth largest oil tanker company, based in Hamilton, Bermuda and controlled by Fredriksen, a naturalised Cypriot citizen. The major ship-owning company is registered in Bermuda and listed on the New York Stock Exchange. Now, John Fredriksen, the Norwegian-born Cypriot billionaire wants to move his shipping company Frontline Ltd, to Cyprus to take advantage of the benefits, including a European Union-approved tonnage tax regime available only to tax residents of the island.