Europe News Cyprus

  • ATHENS, Aug 20- Greece said on Tuesday it had not had a request for an oil tanker at the centre of a row between Iran and the U.S. to dock at one of its ports, as Washington warned Greece against helping the vessel. The Merchant Marine Ministry is monitoring the matter along with Greece's Foreign Ministry, "a shipping ministry spokesman said. The ship was released from...

  • *New Zealand, India, Thailand, Philippines cut rates this week. SYDNEY, Aug 9- Central banks in Asia, Australia and New Zealand have joined a brewing global currency war by slashing interest rates and pledging to keep them down, worrying markets over the risk of a chase to the bottom. "A higher exchange rate would be hurting many, many sectors across our economy," Reserve...

  • ATHENS, Aug 7- Greece, Israel, Cyprus and the United States agreed to enhance cooperation in energy, cyber and infrastructure security, Greek Energy Minister Kostis Hatzidakis said on Wednesday after ministers of the four countries met in Athens. Regional tripartite meetings between Israel and Cyprus, which have made discoveries, and Greece, keen to be a hub, have...

  • CAIRO, July 25- Israel will begin exporting natural gas to Egypt in November, with volumes eventually set to reach seven billion cubic feet per year, Israeli Energy Minister Yuval Steinitz told reporters in Cairo on Thursday. Testing of the gas pipeline from Israel to Egypt has been completed, Steinitz told reporters on the sidelines of a regional gas forum in...

  • *Israel to begin gas exports to Egypt in three to four months. *New connections could be built between Israel and Egypt. CAIRO, July 24- Israel will begin natural gas exports to Egypt within four months, Energy Minister Yuval Steinitz told Reuters on Wednesday.

  • CAIRO, July 24- Israel will begin natural gas exports to Egypt within four months, Energy Minister Yuval Steinitz told Reuters on Wednesday. Steinitz also said that a deal to buy stakes in the East Mediterranean Gas Company's pipeline between between Ashkelon in Israel and El-Arish in Egypt will be completed "within weeks" and that more connections could be...

  • BRUSSELS, July 24- The European Commission said on Wednesday more should be done to counter the multi-billion-euro flow of dirty money in the European Union as major shortcomings have emerged in the way banks and governments handle the issue. The review also encompassed lenders that have been shut because of money-laundering woes, like Latvia's ABLV, Malta's...

  • BRUSSELS, July 24- The European Commission said on Wednesday more should be done to counter the multi-billion-euro flow of dirty money in the European Union as major shortcomings have emerged in the way banks and governments handle the issue. The review also encompassed lenders that have been shut because of money-laundering woes, like Latvia's ABLV, Malta's...

  • BRUSSELS, July 24- The European Commission said on Wednesday more should be done to counter the multi-billion-euro flow of dirty money in the European Union as major shortcomings have emerged in the way banks and governments handle the issue. The case-studies included lenders that have been at the centre of large scandals such as Danske Bank, Denmark's...

  • ISTANBUL, July 14- Turkey will continue drilling for gas in waters off Cyprus if the internationally recognised Greek Cypriot government does not accept a cooperation proposal put forward by Turkish Cypriots, Ankara's foreign minister said on Sunday. Cyprus issued arrest warrants for the crew of one of the ships, and the European Union is discussing curbing...

  • ISTANBUL, July 14- Turkey will continue drilling for gas in waters off Cyprus if the internationally recognised Greek Cypriot government does not accept a cooperation proposal put forward by Turkish Cypriots, Ankara's foreign minister said on Sunday. Cyprus issued arrest warrants for the crew of one of the ships, and the European Union is discussing curbing...

  • THE HAGUE, July 12- Prime Minister Mark Rutte said on Friday the Netherlands was pushing a strong candidate of its own to be new International Monetary Fund president- but declined to confirm who. Bank of England governor Mark Carney and World Bank number two Kristalina Gorgieva are other names in the mix. Dijsselbloem chaired the Eurogroup from 2013 until the...

  • *Lira falls as Russia's S-400 system delivered to Turkey. "As we started to see headlines of S-400 in Turkey, that's when the lira started to selloff," said Cristian Maggio, head of emerging markets strategy at TD Securities. Maggio also pointed to possible headwinds from the European Union's move to curb contacts and funding for Ankara in retaliation for what it...

  • BRUSSELS, July 11- The European Union is set to curb contacts and funding for Ankara in retaliation for what it calls Turkey's "illegal" drilling for gas and oil off Cyprus and stands ready to ramp up sanctions further, a draft statement seen by Reuters shows. "The Council endorses the Commission's proposal to reduce the pre-accession assistance to Turkey for 2020...

  • BRUSSELS, July 11- The European Union is set to curb contacts and funding for Ankara in retaliation for what it calls Turkey's "illegal" drilling for gas and oil off Cyprus and stands ready to ramp up sanctions further, a draft statement seen by Reuters shows. "The Council endorses the Commission's proposal to reduce the pre-accession assistance to Turkey for 2020...

  • BRUSSELS, July 11- The European Union will put on hold high-level talks with Ankara and negotiations on an air transport agreement, as well as freezing funding for Turkey next year, over "illegal" drilling for gas and oil off Cyprus, according to a draft statement seen by Reuters. "The Council endorses the Commission's proposal to reduce the pre-accession...

  • BRUSSELS, July 11- The European Union will put on hold high-level talks with Ankara and negotiations on an air transport agreement, as well as freeze funding for Turkey next year, over "illegal" drilling for gas and oil off Cyprus, according to a draft statement seen by Reuters. "The Council endorses the Commission's proposal to reduce the pre-accession assistance...

  • *Second Turkish drillship arrived off eastern Cyprus on Monday. *EU diplomats meeting to discuss possible sanctions on Turkey. ISTANBUL, July 10- Turkey said on Wednesday it rejected Greek and European Union assertions that Turkish drilling for gas and oil off Cyprus was illegitimate, and said they showed the EU could not be an impartial mediator on the Cyprus...

  • *Greece weary after years of EU-prescribed austerity. *New PM's first test likely to be tensions with Turkey. ATHENS, July 8- Conservative politician Kyriakos Mitsotakis took office as Greece's new prime minister and named his cabinet on Monday, after storming to victory on a pledge to create jobs and lure investment to the economically stricken nation.

  • ISTANBUL/ ATHENS July 8- A Turkish ship planning to drill for oil and gas close to Cyprus dropped anchor off the island on Monday, triggering a strong protest from Nicosia and a rebuke from the European Union. Last month, EU leaders warned Turkey to end its gas drilling in waters around the island or face action from the bloc, after Greece and Cyprus pressed other EU...