Oil and gas in Cyprus

Oil and gas in Cyprus

Oil and gas in Cyprus Oil and gas in Cyprus

The progression of the natural gas sector on the island of Cyprus continues. It is obviously not surprising that the recent discovery of oil and gas within the island’s Exclusive Economic Zone has drawn international attention to Cyprus from foreign investors and simultaneously has filled the locals with optimism for the future. The development of


Revised criteria for granting Cypriot citizenship by exception for large collective investments

Revised criteria for granting Cypriot citizenship by exception for large collective investments

Revised criteria for granting Cypriot citizenship by exception for large collective investments Revised criteria for granting Cypriot citizenship by exception for large collective investments

The Ministry of Interior in Cyprus has announced alterations made to the criteria needed to grant Cypriot Citizenship to Non-Europeans. The changes have been made so as to increase and further promote foreign investments within the Republic of Cyprus. These adjustments regard the criterion or features involving real estate investments, government bonds, investments in financial


Removal of restrictive Measures concerning the banks of Cyprus

Removal of restrictive Measures concerning the banks of Cyprus

Removal of restrictive Measures concerning the banks of Cyprus Removal of restrictive Measures concerning the banks of Cyprus

28th Decree: Further alleviations have been announced by the Ministry of Finance concerning the restrictive measures imposed on banking transactions in Cyprus. 1. The 300 Euros daily cash withdrawal per individual has now been retracted 2. The limit imposed on the transfer of domestic funds has been increased to 50,000 Euros and 200,000 Euros per


Upgrade in the Economy and Banks of Cyprus

Upgrade in the Economy and Banks of Cyprus

Upgrade in the Economy and Banks of Cyprus Upgrade in the Economy and Banks of Cyprus

On the 25th of April 2004, Standard and Poor credit agency, increased the ratings of Cyprus from ‘B-‘ to ‘B.’ The credit agency explained Cyprus was meeting the terms placed by its foreign leaders and the country’s debt repayments will be paid. It is the second time the credit agency has upgraded the economy of