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President of Cyprus Discusses Hydrocarbon Exploration Plans with TOTAL and Other Companies

The President of the Republic of Cyprus, Nikos Christodoulides, recently met with representatives of the hydrocarbon industry operating within the country's Exclusive Economic Zone (EEZ). The meeting focused on the exploration of hydrocarbon reserves within the island's EEZ, with the aim of serving the domestic market and exporting surplus energy to the European Union.The…

May 6, 20230Comments ByGEOPOLITIKI

Economy NEWS World News

The Greek-Saudi Business Forum begins

The Greek-Saudi Business Forum begins in Athens as Greek Deputy Minister of Foreign Affairs Kostas Fragogiannis and Secretary General Yannis Smyrlis will welcome a significant business delegation from Saudi Arabia to Greece on Sunday, May 29, 2022.The visit is part of Greece's efforts to build and deepen economic and business ties with Saudi Arabia.…

May 30, 20220Comments ByGEOPOLITIKI

Economy NEWS World News

Cyprus: A European Alternative to Russian Gas Dependency

Cyprus could become a European alternative to Russian gas dependency, which has caused geopolitical turbulence on the European continent.Photo by envato elementsThe Cypriot drilling "Cronos-1" started on Monday in block 6 of the Cyprus Exclusive Economic Zone (EEZ) by the consortium Eni and Total according to an announcement of the Ministry of Energy, Trade…

May 25, 20220Comments ByGEOPOLITIKI

Economy NEWS

India is buying more and more Russian oil after the Ukraine war

Russia's oil and gas exports after the conflict in Ukraine may have an uncertain future for the West, but through it, India seems to be benefiting.Photo by kremlin.ru, CC BY 4.0According to research by Reuters, India has bought more than twice as much crude oil from Russia since the country invaded Ukraine last year…

April 28, 20220Comments ByGEOPOLITIKI

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“EastMed pipeline is Alive and Kicking”: Nikos Dendias sent a clear message

"It is alive and kicking", said Nikos Dendias and underlined that from the beginning the financial viability of the project was a precondition. Therefore, the US Secretary of State does not say that EastMed is dead as a project, but that it is useless in this period of time. The Greek Foreign Minister also…

April 10, 20220Comments ByGEOPOLITIKI

Economy NEWS

Tech sanctions by the US Department of Commerce against Russia

A US Department of Commerce official said on Wednesday that tech sanctions imposed to punish Russia for its invasion of Ukraine are way more successful than predicted.According to Thea D. Rozman Kendler, assistant secretary for export administration, "our export control measures, unlike financial sanctions, were never intended to have immediate effect."PHOTO By AgnosticPreachersKid -…

April 3, 20220Comments ByNewsTeam

Economy NEWS World News

Turkey and China have signed an MoU on 5G networks

Türk Telekom and the Chinese company Huawei signed a memorandum of understanding for cooperation in the development of 5G technology in Turkey.The Deputy Minister of Transport and Infrastructure Ömer Fatih Sayan attended the signing ceremony during the Mobile World Congress in Barcelona.Türk Telekom CEO said 5G solutions were needed, especially in the areas…

March 5, 20220Comments ByGEOPOLITIKI

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Poland won’t back down on the Turów mine and won’t pay CJEU fines

The European Commission says it has not received any money from Poland in connection with the still operational Turów mine, despite sending Poland two requests for payment.Poland's government spokesman Piotr Müller said : CJEU ruling is "outside the competencies of the EU" and is therefore unacceptable.Towers of the Court of Justice of…

January 19, 20220Comments ByGEOPOLITIKI

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European Union Against the UK for Breaching Brexit Deal

The European Union has filed a lawsuit against the United Kingdom (UK) after the country refused to revoke legislation that would have violated the Brexit agreement that both sides agreed on last year and violated international law.Since Boris Johnson's administration revealed its plans to put legislation in place to override a specific portion of…

October 4, 20200Comments ByGEOPOLITIKI