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Cyprus has found itself at the epicentre of the oil and gas industry due to the recent discovery of hydrocarbons within its Exclusive Economic Zone and the wider potential emerging in relation to natural resources exploitation in the Eastern Mediterranean region.

In the age of Covid19, of climate change and taking into consideration the new regulations which the Paris Agreement brought, the shipping industry is embracing good practices so as to become...

Energy Performance Contracts are one of the options available to the final customer for achieving the maximum potential energy savings and efficiency, mainly in energy-intensive businesses or industrial facilities.

Cyprus climate traditionally is popular for tourism and holidays and well known in many parts of the world. In the last decade it is notable that the climate of Cyprus...

DEFA expects to issue a request for expressions of interest for LNG supply to the market later this year, with a full RfP to follow in early 2019.

Sustainable growth and eco-friendly growth (green growth) have been throughout history considered to be completely different concepts...

As renewable energy sources become increasingly important to the national energy mix, and in the absence of cross-border electricity interconnections, electricity storage has become essential...

On 11th December 2019 the European Commission presented the European Green Deal to transform the European Union into a fair and prosperous society,...

The Cyprus Shipping Deputy Ministry (SDM) has introduced a series of environmental incentives to support shipowners in their decarbonization efforts.

The strategy of the Republic of Cyprus in many respects matches the strategy of the companies invited to the workshop organized by the Ministry with the Cyprus Hydrocarbons Company...

On 14th January 2020, the EU Commission presented the EU Green Deal investment plan, aimed at driving at least €1 trillion of sustainable investments over the next decade.

A recent article of Ioannis Generalis, Advocate at Y.Georgiades & Associates LLC, with title 'Sea Change', has been published in the Bunkerspot Magazine.

The size of the sustainable finance market has risen considerably in recent years, surpassing a remarkable $1,6 trillion globally, as estimated by BloombergNEF.

In the context of achieving the objectives of the European Green Deal, the Ministry of Finance proposed two new bills which might come into effect as early as April 2024.

Cyprus offers attractive tax benefits through its non-domicile status, but many applicants struggle with documentation and compliance requirements. Understanding the distinction between tax residency...

The global energy transition is well underway, and renewable energy is at the heart of this shift. As the world moves towards decarbonisation, the financing landscape for Renewable Energy Sources...

The European Commission has unveiled the European Technological Sovereignty Package, a comprehensive legislative framework targeting four critical areas: semiconductor manufacturing through Chips Act 2.0, cloud and AI infrastructure via the Cloud and AI Development Act, digital autonomy through open source strategy, and energy sector digitalization. This ambitious initiative aims to fundamentally transform Europe's technological independence and competitive position in the global digital economy by 2030.

On 21 December 2016, the Ministry of Energy announced that the Republic of Cyprus will commence negotiations with the selected bidders for the terms and conditions of the Production Sharing Contract....