The President of the European Central Bank (ECB) Christine Lagarde, during her visit to the island on Wednesday, appeared confident that Cyprus would recover from the setbacks of the coronavirus pandemic and the war in Ukraine. Lagarde arrived in Cyprus early on Wednesday for a visit that was described “of particular importance” by the Central
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By Craig Erlam Stock markets were giving back some of their gains on Wednesday, as skepticism grows around Russia’s intentions following the previous day’s announcements. Initial reports suggested a de-escalation in Ukraine, as Russia indicated its intention to scale back some military operations. While that was viewed as a first step towards a ceasefire, it
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Some 13 femicides were committed in Cyprus between 2019 and 2020, with the victims in two hate crime cases being young girls. Almost all were perpetrated by current or ex-husbands or partners, according to a report of the FEM – United project, presented by the Mediterranean Institute for Gender Studies (MIGS) and the Cyprus University
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European Central Bank President Christine Lagarde warned Wednesday that a prolonged Ukraine conflict would keep energy prices and the cost of living for Europeans spiralling. During her visit to Cyprus, she said the Russia-Ukraine war had introduced “considerable uncertainty” into the outlook for the EU economy. She said it had stunted a quicker-than-expected rebound from
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Some 3,500 Ukrainian refugees, finding their way to Limassol after fleeing from Russia’s invasion, need housing, work, schools for their children and necessities, according to local authorities. Upon the initiative of Limassol Mayor Nicos Nicolaides, the town’s stakeholders met to discuss the effects of the war in Ukraine and sanctions while addressing the issue of
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An EU recommendation to member states to recall passports issued to Russian and Belarusian oligarchs on the bloc’s sanctions list puts Cyprus in an awkward position. Lawyers warn that if Cyprus recalls citizenships given to Russians through the now-defunct citizenship for investment scheme, the Republic could be dragged through the courts, paying out millions in
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A group of Cypriot doctors and nurses are in the Romanian border town of Siret to volunteer their services for the healthcare of Ukrainian refugees fleeing their war-torn country. The group of Volunteer Doctors Cyprus arranged a humanitarian mission in cooperation with Médecins du Monde, Greece. On Tuesday, the group arrived at the northern city
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The Fear Of Missing Out (FOMO) and fundamentals are going to be the main drivers of Bitcoin’s latest price run, said the CEO of a leading financial advisory and fintech as the cryptocurrency hit its highest level of $48,200 since January 2 on Monday. “BTC is up nearly 25% in the last ten days, smashing
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The European Centre for Disease Prevention and Control (ECDC) will guide Cyprus to develop a COVID vaccination strategy for the country’s population next winter, said Health Minister Health Michael Hadjipantela. He met ECDC Director Dr Andrea Ammon during a meeting in Brussels on Tuesday on the margins of the Employment, Social Policy, Health and Consumer
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Limassol authorities are hoping to make flooded streets in the town centre a thing of the past with the completion of a €7 mln anti-flooding project in the castle area, set to be completed by the end of 2023. After inspecting progress on the site, Limassol Mayor Nicos Nicolaides told reporters on Tuesday that the
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