A year ago, Russian tanks rolled into Ukraine expecting an easy victory as the Kremlin looked for a morale boost ahead of presidential elections. Moscow had entered Ukraine nearly a decade before,
After reaching an all-time high in the summer, fuel prices at petrol stations have subsided to levels before the war in Ukraine and sanctions on Russia, which catapulted energy costs. Following this
The world must condemn Vladimir Putin’s acts of aggression so he can no longer jeopardise global energy and food security, said Erika Olson, US Deputy Assistant Secretary of State for Southern Europe.
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
Transport authorities are declaring war on the car in a bid to solve the traffic gridlock in the capital Nicosia and reduce pollution levels by persuading people to use buses. In comments
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
With the largest number of troops ever sent abroad, the Israel Defence Force simulated military activity in ‘enemy territory’ in Paphos to wrap the largest ever war games with Cyprus amid criticism.
Ukraine’s decision on 11 May to stop some Russian gas flows to Europe has sent shivers down the markets. This happened at an entry point on Ukraine’s eastern border called Sokhranovka, which
Cyprus’ services sector is betting on tax incentives to attract talent and promote headquartering to counter the impacts of the war in Ukraine and sanctions on Russian funds and companies. Soon after
The end of the Cold War, after the dissolution of the Soviet Union, left a situation based on promises but nothing in writing. East Germany was incorporated into the Federal Republic of
