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cyprus regulatory landscape

energy investment

Formal Outline of Interconnector Next Week

Next week, Greece’s Admie will present a costbenefit analysis for the Great Sea Interconnector, a subsea cable linking Cyprus and Greece’s power grids. With a €100 million investment on the line, discussions on regulatory frameworks and consumer impacts will be crucial for advancing the project towards energy integration and supply security.

money laundering legal proceedings

Money Laundering Suspect Secures Bail in Larnaca

In Larnaca, Cyprus, a Ukrainian suspect in a money laundering case has secured bail under strict conditions, including a €30,000 bail, surrendering travel documents, and thriceweekly police checkins. The case unfolded after a robbery report implicated the suspect, shining a light on Cyprus’s efforts to strengthen its antimoney laundering regulations.

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