Cyprus Foreign Minister Ioannis Kasoulides said on Monday that a financial feasibility study will show whether the EastMed gas pipeline is viable.
CYPRUS
![Cyprus President Nicos Anastasiades says there is the political will to implement EastMed, if it is economically viable and its challenges can be overcome. [Petros Karadjias/AP]](https://www.ekathimerini.com/wp-content/uploads/2022/01/Anastasiades-AP-1-320x200.jpg)
“If this project is practically feasible, [if] we can meet the great geological challenges and, at the same time, it is financially viable, there is the political will to implement it,” Cypriot President Nicos Anastasiades said in an interview with Kathimerini.
Building permits issued in Cyprus over the first 10 months of 2021 increased 17.3% in comparison with the same period of 2020, according to data released last week by the Statistical Service of Cyprus (CYSTAT).
Cyprus has made some progress in combating money laundering and terrorist financing by partially complying with recommendations set out by the Financial Action Task Force (FATF), according to a report by the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL).
Work on the ETYFA Flagship project, which will supply clean natural gas to Vassilikos Power Station in Cyprus, is continuing unabated despite the Covid-19 pandemic.
Revenue from tourism in Cyprus reached pre-pandemic levels in October 2021, amounting to 310.2 million euros, compared to just €77.4 million in October 2020 and €299.4 million in October 2019.
The total value of unsecured checks issued in Cyprus in 2021 rose to 930,000 euros compared to €740,000 in 2020.
Without being drawn into the intricacies of Cyprus’ domestic political developments, let alone those taking place within the governing Democratic Rally party itself, the resignation of Foreign Minister Nikos Christodoulides leads to a certain level of turbulence that is not beneficial to the national cause, the aspirations of Cypriots to see their homeland reunited.
Huge quantities of contraband cigarettes and tobacco were confiscated after being found in Limassol on Sunday, following a joint operation by Cyprus’ Police and the Customs Department.
Cyprus is expected to introduce a national minimum wage by the end of January 2022.
Following reports of US reservations over the financial and environmental sustainability of the EastMed natural gas pipeline project, a State Department spokesman has affirmed Washington’s commitment to the 3+1 regional alliance scheme (Cyprus, Greece, Israel plus the US), while emphasizing that Europe’s energy independence is a key national security issue.
![[AP]](https://www.ekathimerini.com/wp-content/uploads/2022/01/gas_AP-1-320x200.jpg)
With speculation growing over the feasibility of the EastMed natural gas pipeline, Washington is openly expressing its reservations, effectively undermining the implementation of the ambitious project which was deemed difficult by default.
Inspections in Cyprus have intensified in recent days as part of a crackdown on violations by citizens and enterprises of Covid-19 safety rules, leading to dozens of fines being issued on a daily basis, including against supermarkets. As the Omicron variant drives up infections, authorities have specifically targeted retailers, given that it is mandatory in […]
The Foreign Minister of the Republic of Cyprus, Nikos Christodoulides, released a statement on Sunday revealing that he had tendered his resignation several days ago and hinted at a possible bid for the presidency at the 2023 elections.
The Cypriot economy in 2021 recovered the output lost during the 2020 Covid crisis and will continue to grow at an average rate of 3.7% in the years 2022–2024, the Central Bank of Cyprus expects.
![[InTime News]](https://www.ekathimerini.com/wp-content/uploads/2021/07/2944116-320x200.jpg)
Cyprus’ Ministry of Transport has received more than 4,600 applications by private citizens and transportation professionals hoping to acquire an electric vehicle that is subsidized by the state, the government has announced.
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