Nicosia District

EU top diplomat urges Turkey to respect Greece, Cyprus sovereignty

Josep Borrell, the EU's foreign policy chief, on Tuesday urged Turkey to respect the sovereignty of Greece and Cyprus.
Asked about Turkish plans to begin hydrocarbon exploration near Greek islands, Borrell said said the EU was monitoring developments while being "in close contact" with Athens and Nicosia.

French-Italian energy consortium postpones drilling in Cyprus EEZ due to Covid-19

The energy companies Total of France and Eni of Italy have followed the example of ExxonMobil and suspended their planned drilling activities in Cyprus's exclusive economic zone this year due to concerns about the impact of the coronavirus pandemic, Kathimerini Cyprus has learned. 

Republic of Cyprus raises
 1.75 billion euros on markets

The Republic of Cyprus raised 1.75 billion euros on the bond markets on Tuesday, with the government feeling satisfied with the process.
"I wish to express my satisfaction with the completion of the issue of two bonds, a seven-year one of 1.25 billion euros and a 30-year one of 0.5 billion euros," the island's Finance Minister Constantinos Petrides said.