Tag Archives: Nicosia

China looks to operating Greek Cypriot ports – ASIA – Huriyet Daily News

December 22, 2015 By in Business Administration, Economics, Euro Crisis, Fiscal Policy, Foreign Policy, Growth, People, Politics Tags: , , , , , , , , , Leave a comment
Map of Cyprus showing the Greek Cypriot part o...

Map of Cyprus showing the Greek Cypriot part of Nicosia district. The green areas are the UK Sovereign Base Areas, the blue area is the UN buffer zone. Areas north of the buffer zone are controlled by the Turkish Republic of Northern Cyprus, areas south are controlled by the Greek Cypriot government. Nederlands: Kaart van Cyprus met het Grieks-Cypriotische deel van het district Nicosia. Português: Localização do distrito de Nicósia (Photo credit: Wikipedia)

 

This is a must-read from Turkey’s leading paper, Hurriyet Daily News, sourced from Associated Press.

According to the report, China’s Foreign Minister Wang Yi said his country is interested in operating Greek Cypriot ports and to help turn the small east Mediterranean island nation into a regional shipping hub.

Source: China looks to operating Greek Cypriot ports – ASIA

This is an upbeat article around building Cyprus into a regional shipping hub. It also focuses on China supporting other world leaders in encouraging reunification of Cyprus.

With reunification, offshore oil and gas, and increasing international investment in Cyprus, there is now massive upside potential with limited downside risk. Of course, Cyprus has also been a strategic location since Richard the Lionheart. Against this background, Cyprus is rapidly becoming a preferred location for a second home.

Thoughts?

Three unusual happenings in Cyprus

October 28, 2014 By in Cyprus, cyprusgas, Energy Policy, Foreign Policy, Photography, Politics, Tourism, Travel Tags: , , , , , , , Leave a comment
latchi harbour

latchi harbour (Photo credit: Wikipedia)

Map of Cyprus showing Paphos district. The gre...

Map of Cyprus showing Paphos district. The green areas are the UK Sovereign Base Areas, the blue area is the UN buffer zone. Areas north of the buffer zone are controlled by the Turkish Republic of Northern Cyprus, areas south are controlled by the Greek Cypriot government. Nederlands: Kaart van Cyprus met het district Paphos. Português: Localização do distrito de Pafos (Photo credit: Wikipedia)

Let me share three unusual happenings in Cyprus.

Firstly, when we met some friends for dinner in Paphos recently, the conversation was all about the new gas platform that you can see out at sea at night. This is the latest drilling for offshore gas and oil. The conversation then moved to how house prices would go up on the back of successful exploration. So far the gas effect has been confined to Limassol and Larnaka but we questioned whether Paphos could be next?

Secondly, we were out hiking with a group of like-minded people on the Paphos coast, overlooking the Mediterranean, and we stumbled into a large-scale military exercise. There were jet fighters screaming overhead and there was intense speculation as to their identity. Later in the news, we saw a brief reference to a joint Cyprus/Israel military exercise.

Thirdly, we spotted a large cruise ship docked offshore from Latchi harbour – this is very rare. Latchi is well-known for the best fresh fish in Cyprus, with large families often venturing from Nicosia for a Sunday outing. From our roof terrace, we could see a number of boats servicing the cruise ship and wondered whether they had stopped for lunch?

Despite a few much-needed showers, the weather is still excellent in Cyprus at the end of October into November. The Russian tourists are still to be seen enjoying the sea that’s still quite warm.

Thoughts?