Calamos Supports Greece

Energy

Energy Minister Announces Cyprus Will Earn $9.4 Billion From ''Aphrodite'' Deposit

George Lakkotrypis, the Energy Minister for Cyprus, announced on Wednesday that Cypriot authorities have signed a preliminary agreement with energy companies Shell, Delek and Noble, which will be extracting natural gas and oil from the deposit dubbed ''Aphrodite.'' Lakkotrypis explained that the...

Turkey Issues New NAVTEX off the Coast of Cyprus

Ankara issued a new NAVTEX blocking an area near Cyprus' northern coast on Thursday. Turkey says that it intends to conduct exploratory drilling in the broader area of the Gulf of Alexandretta, using the research vessel ''Rowan Norway.'' ''Rowan Norway'' is...

PM Tsipras Visits Greek-Bulgarian Border to Launch New Gas Pipeline

Greek Prime Minister Alexis Tsipras visited the Greek-Bulgarian border, at the village of Kirkovo on Wednesday, to attend a ceremony for the launching of the construction of a new gas pipeline. The new pipeline will be called "Gas Interconnector...

Cyprus Announces Flurry of Drilling Operations Over the Next Two Years

The Minister of Energy of the Republic of Cyprus announced on Tuesday a series of new drilling operations which will be conducted on behalf of the Republic within the next 24 months. George Lakkotrypis made public that the Cypriot authorities...

UK ''Recognizes Cyprus' Sovereign Rights'', Calls on Turkey to Halt Drilling

The British Foreign and Commonwealth Office issued a statement on Thursday afternoon on the issue of the Turkish provocations off Cyprus, following Nicosia's discomfiture regarding British Minister for Europe Alan Duncan's recent remarks. The Foreign Office's statement clearly calls on Turkey...

EU Issues New Warning Against Turkey: Respect Cyprus or We Will Respond

Federica Mogherini, the High Representative of the European Union for Foreign Affairs and Security Policy, warned Turkey once again on Monday regarding its illegal actions in Cyprus' exclusive economic zone (EEZ). The high-ranking official made her remarks during a...

”Sea Wolf”: Turkey’s Largest Military Exercise Begins Amid Rising Tensions

Turkey launched its largest annual military exercise, dubbed ''Sea Wolf,'' (Denizkurdu in Turkish) on Monday. The exercise is currently taking place across three fronts, including the Eastern Mediterranean Sea, the Aegean Sea and the Black Sea. The country's general staff issued...

President Erdogan Claims Peace in Cyprus Will Come Only with Protecting the Rights of Turkish Cypriots

Turkey's President Recep Tayyip Erdogan said on Friday that stability in Cyprus and the Eastern Mediterranean will come only by protecting the rights of Turkish Cypriots'. Speaking in front of Ambassadors during an event organized by the ruling Justice and...

Turkey Blocks Sea Area South of Greece's Castellorizo by Issuing New NAVTEX

Turkey issued a new NAVTEX (Navigational Telex) on Friday, officially blocking off the sea area south of Greece’s territorial waters within the small archipelago of Castellorizo, east of Rhodes. Turkey intends to block off the sea area for the days of Friday,...

EU Commission President Juncker on Turkish Provocations: ''I Am Cypriot!''

Jean-Claude Juncker, the President of the European Commission, declared on Thursday afternoon ''I am a Cypriot!'' when asked about the Turkish provocations inside Cyprus' Exclusive Economic Zone. In a his typical laconic, yet decisive way, President Juncker expressed his absolute and unconditional...