Benefits from Oil Could Accrue Earlier than Gas
By Constantinos Hadjistassou*, PhD For the past one and a half year natural gas has occupied centre stage in the local media. Strikingly enough, energy developments in the Eastern Med have garnered sustained international attention. To put things into context, if the Aphrodite gas field, is appraised to say 225 billion cubic metres (bcm) or [...]
by Michalis E. Diakantonis The recent “apology” of Israel to Turkey for the Mavi Marmara incident of May 2010 has changed, according to some analysts, the geopolitical balance in South Eastern Mediterranean. Was the “apology” of Israel a real act of repentance or just a tactical move designed to serve its short-term interests? What are [...]
Continue reading …
By Harris A. Samaras (*) The European Union, the International Monetary Fund and the international media blame Cyprus’ banking practices as the main cause of the crisis… and made sure, that the economy of Cyprus was ruined in just a weekend!!! Manically, German and French mainly politicians, argued that Cyprus is harboring criminal money, that [...]
Continue reading …
by Liountri Christianna After AKP and Erdogan rose to power back in 2002, Turkey was on the verge of a severe financial crisis that led to a deal with the IMF and a haircut of 62% on its deposits. However, Turkey – facilitated by its political system which allows for more authoritarian policies to be [...]
Continue reading …
By Harris A. Samaras (*) Are we witnessing the slow death of the European Union? Have the repeatedly failing EU policymakers finally opened Pandora’s Box with their recent proposal for Cyprus? Why are some European member states taking actions that are catastrophic for the European sentiment? Aren’t all citizens of the EU equal under the [...]
Continue reading …
by Michalis E. Diakantonis, Economist and Geopolitical Analyst One of the most important issues of the U.S. policy toward Europe is that of European energy security. Given that the E.U. has expressed its intention to reduce the use of coal by 2020, it is obvious that this energy “gap” should be covered either by renewable [...]
Continue reading …IDEX 2013 Greece maintains good defence ties with the UAE and believes both countries have a strategic interest in further bolstering that relationship, Greece’s Minister of National Defence has said.
February 19, 2013 No Comment
Panos Panagiotopoulos, whose country is a key participant in IDEX 2013, said Greece and the UAE have common interests to maintain security in their respective regions. “I noticed with great satisfaction that our excellent relations in the defence domain keep on improving and upgrading constantly. Both countries share the common interest to maintain a security [...]
Continue reading …
By Constantinos Hadjistassou*, PhD The Minister of Commerce Mr Sylikiotis has today (Wednesday, 06.02.13) signed an agreement with Total SA granting the company the exclusive exploration rights for blocks 10 and 11 in the Cypriot Exclusive Economic Zone (EEZ). The solemn ceremony held at the Ministry of Commerce today marked the completion of the [...]
Continue reading …
By Constantinos Hadjistassou*, PhD The discovery of fossil fuels in the Cypriot Exclusive Economic Zone (EEZ) in conjunction with vigorous interest from energy giants for hydrocarbons rights, during the second licensing round, constitutes a lifeline for the Cypriot economy. Recent developments pertaining to the negotiations between the short-listed companies and the Cypriot Government for the [...]
Continue reading …
A successful firing of the IRIS-T SL (Surface Launched) missile has been announced by the German company Diehl BGT Defence (DBD). This success has also revealed the superior performance of the Data Link system which transmitted the target data to guide the missile towards hitting the drone. “The Uplink has performed perfectly during the whole [...]
Continue reading …