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
There is a large consensus among Europeans in favour of the EU’s swift united response to Russia’s invasion of Ukraine, according to a Flash Eurobarometer survey. The majority of Europeans think that
The University of Cyprus downgraded its projection for economic GDP growth this year to 2.6% due to the Russian invasion of Ukraine, warning of potential deterioration in asset quality in the banking
The government aims to reduce public debt to 94% of GDP in 2022, but this target could be affected by the economic crisis, and the war in Ukraine, said Finance Minister Constantinos
The war in Ukraine is hurting the Cyprus real estate industry, with the already inflated cost of building materials pushed even higher as obstacles for international trade increase. According to the Central
Cyprus’ influential Orthodox Church leader Tuesday criticised Russian President Vladimir Putin for waging an “unchristian and nonsensical” war against the people of Ukraine. Archbishop Chrysostomos II publicly criticised the invasion of Ukraine
