Investigation into EuroAsia Interconnector Funding
September 5, 2025
The European Public Prosecutor's Office has launched an investigation into the €658 million funding awarded to EuroAsia Interconnector, a private company involved in the Israel-Cyprus-Greece electricity interconnection. There are suspicions of criminal offenses involving political figures and civil servants. The investigation focuses on how EuroAsia received this funding despite its lack of prior activity in the field. The European Commission, after initially supporting the project, is now suggesting the replacement of EuroAsia with a new entity. Tensions arising from Turkey appear to be influencing the project's progress.