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Lakkotrypis

Energy Minister Announces Cyprus Will Earn $9.4 Billion From ''Aphrodite'' Deposit

George Lakkotrypis, the Energy Minister for Cyprus, announced on Wednesday that Cypriot authorities have signed a preliminary agreement with energy companies Shell, Delek and Noble, which will be extracting natural gas and oil from the deposit dubbed ''Aphrodite.'' Lakkotrypis explained that the...

French and Italian Firms Apply To Explore Cyprus' Block 7

The Cypriot Ministry of Energy, Commerce and Industry announced an application from joint venture Total E&P Cyprus B.V. and Eni Cyprus Limited for a license to carry out oil and gas exploration in Cyprus' exclusive economic zone. In a press release, the...

Tourism Minister: Cyprus To Reach 4 Million Tourists in 2018

Cyprus is expected to reach 4 million tourists in 2018. This according to the country's Minister of Tourism, George Lakkotrypis, who spoke of "another exceptional record year." Lakkotrypis was speaking at the annual World Travel Market, taking place at London’s...

Cyprus Moves To Plan C To Avert Default

With its back against the wall and facing a March 25 deadline to try to come up with a plan that would bring in 5.8 billion euros ($7.5 billion) to release a 10 billion euros ($13 billion) international bailout,...