{"id":9883,"date":"2024-04-27T19:00:28","date_gmt":"2024-04-27T16:00:28","guid":{"rendered":"https:\/\/ch.jfdi.cc\/?p=9883"},"modified":"2024-04-27T19:00:28","modified_gmt":"2024-04-27T16:00:28","slug":"cyprus-is-a-reliable-business-centre","status":"publish","type":"post","link":"https:\/\/ch.jfdi.cc\/?p=9883","title":{"rendered":"\u2018Cyprus is a reliable business centre\u2019"},"content":{"rendered":"<div><img decoding=\"async\" src=\"http:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/04\/cyprus-is-a-reliable-business-centre.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p><strong>Cyprus is a \u201creliable business centre\u201d<\/strong>, Commerce Minister George Papanastasiou said on Saturday.<\/p>\n<div class=\"cypru-video-ads\" id=\"cypru-1527436135\">\n<div id=\"cypru-1219737241\" data-cypru-trackid=\"478051\" data-cypru-trackbid=\"1\" class=\"cypru-target\">\n<div id=\"gpt-ad-3227508845199-0\">\n<\/div>\n<\/div>\n<\/div>\n<p>Speaking at a business conference in New York, he said the island \u201chas remained stable over the years, provides an environment in which investors can feel comfortable, and find services and contacts and lawyers.\u201d<br \/>\nHe added that the Cypriot legal system is \u201cvery closely related to English law, and it is trusted around the world.\u201d<br \/>\nHe then spoke about the importance of the Eastern Mediterranean region, saying it can \u201c<strong>play a role in ensuring Europe\u2019s energy security<\/strong>\u201d.<br \/>\nWith this in mind, he made reference to the planned Great Sea Interconnector, which would connect the electricity systems of Cyprus, Greece, and Israel, saying that it can aid Europe in its effort to become independent of Russian gas.<br \/>\nThe Cypriot and Greek governments have not seen eye to eye of late regarding the interconnector project, with Greek Energy Minister Theodoros Skylakakis <strong>warning the Cypriot government regarding missing deadlines<\/strong> for the project earlier this month.<br \/>\nThe deadlines he was referring to pertain to the European Commission\u2019s financial support for the plan under its Connecting Europe Facility, and an extra \u20ac100m pledged through the European Union\u2019s Recovery and Resilience Facility.<br \/>\nHe said, \u201cthe case is that we took on a serious responsibility together with the Cypriot side, after the Commission had evaluated the project and had given us a huge investment in this project.\u201d<br \/>\n\u201cIf this investment is lost, <strong>the chance of Cyprus being connected to the rest of Europe, and of the entire cable being realised, will be dramatically reduced<\/strong>.\u201d<br \/>\nHe added, \u201cthat is something which the Cypriot government will also have to evaluate.\u201d<br \/>\nThe Cypriot government is currently still in the phase of discussing conditions, with a final decision expected to be made by cabinet at some point in the future. Greece\u2019s Independent Power Transmission Operator (Admie) asked Cyprus at the start of March to pay its \u20ac100m financial share in the project.<br \/>\nSkylakakis said Greece \u201chas shown a surplus of good will on this matter to help to try to not lose this project,\u201d and emphasised again the possibility that <strong>the whole project may fall apart if Cyprus does not make a decision<\/strong>.<br \/>\nHowever, he made indications that he will not be willing to wait forever for Cyprus to come to a decision, saying \u201cour final analysis will be based on our most important responsibility \u2013 to the Greek consumers and taxpayers.\u201d<br \/>\nThe Cypriot government responded in kind, saying <strong>they are still waiting on Greece\u2019s transmission system operator Admie to submit a cost-benefit analysis<\/strong> of the project.<br \/>\nPapanastasiou said earlier this month that \u201cthe sooner these studies are submitted by Admie, the sooner the Cypriot government will make its final investment decision.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8211; Cyprus is considered a reliable business center by Commerce Minister George Papanastasiou.<br \/>\n&#8211; The Eastern Mediterranean region can play a role in ensuring Europe&#8217;s energy security.<br \/>\n&#8211; The Great Sea Interconnector project aims to connect the electricity systems of Cyprus, Greece, and Israel to aid Europe in becoming independent of Russian gas.<br \/>\n&#8211; Greek Energy Minister Theodoros Skylakakis warned the Cypriot government about missing deadlines for the interconnector project.<br \/>\n&#8211; The Cypriot government is still in the phase of discussing conditions and waiting for Greece&#8217;s transmission system operator Admie to submit a cost-benefit analysis of the project.<\/p>\n","protected":false},"author":3,"featured_media":9884,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[122,6393,6497,186,3345,6267,5732,2542,2021,1862,4712,2950,3,8117,553,358,7517,1052,203,201,1841,2404,4081,4548,250,3330,415,3792,1051,747,2753,3404,299,5679,591,4534,387,7776,4361,2788,3747,393,3331,1004,4753,5115,8116,3126,5515,720,3260,827,1806,1358,65,7191,380,5129,18],"class_list":["post-9883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cyprus","tag-aid","tag-analysis","tag-benefit","tag-business","tag-cabinet","tag-commerce","tag-conditions","tag-conference","tag-consumers","tag-contacts","tag-cost-benefit-analysis","tag-cypriot-government","tag-cyprus","tag-eastern-mediterranean-region","tag-electricity","tag-energy","tag-energy-minister","tag-energy-security","tag-environment","tag-europe","tag-european-commission","tag-european-union","tag-future","tag-gas","tag-google","tag-google-news","tag-government","tag-great-sea-interconnector","tag-great-sea-interconnector-project","tag-greece","tag-investment","tag-investors","tag-israel","tag-law","tag-lawyers","tag-legal-system","tag-lost","tag-march","tag-mediterranean","tag-mind","tag-missing","tag-new-york","tag-news","tag-power","tag-project","tag-recovery","tag-reliable-business-centre","tag-resilience","tag-responsibility","tag-rest","tag-sea","tag-security","tag-services","tag-support","tag-surplus","tag-taxpayers","tag-us","tag-warning","tag-world"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"<!-- 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