Consequences of geopolitical events to the economy and banking sector have been contained, but the second-round effects are unknown, said Cyprus Central Bank governor Constantinos Herodotou. He argued that uncertainty in an
The Ukrainian army has received military recognition drones manufactured by Cypriot company Swarmly, costing €700,000, paid for by the charitable foundation of Serhiy Prytula. The 26th Artillery Brigade and the 120th Reconnaissance
Foreign Minister Ioannis Kasoulides reaffirmed Cyprus’ principled stance and unwavering commitment to Ukraine’s sovereignty and territorial integrity as it celebrates 31 years of independence. He told the Second Summit of Crimea Platform:
The government spent an additional €2 bln in the past two and a half years to support the economy struck by the coronavirus pandemic, which subsequently suffered blows from the Ukraine war
It is time the international community drew parallels between the Cyprus problem and what is happening in Ukraine, said Foreign Minister Ioannis Kasoulides. Speaking to reporters Wednesday after meeting foreign diplomats, he
Rating Agency, DBRS Morningstar, slashed Cyprus’ baseline growth rate by 0.7% for 2022, citing the deteriorating outlook following Russia’s invasion of Ukraine. In its updated sovereign baseline scenarios, the Canadian rating agency
Nicosia backs Ukraine’s application to enter the European Union, which is on the agenda of EU leaders in Brussels on Thursday. Ukraine is set to be approved as an EU candidate at
Global energy markets are looking for a way out of the current crisis, partly caused by the Russian invasion of Ukraine and due to COVID-19 fallout, economic growth and a shortage of
Cyprus growth is hindered by the Ukraine war fallout, but partial recovery in exports and private consumption will see a 2% GDP rise in 2022, the International Monetary Fund forecasts. It said
Ukrainian authorities have informed Cyprus about their seizure of $420 mln worth of shares and securities linked to the island, which belong to a Russian billionaire and other business people, a Cypriot
