Finance Minister Constantinos Petrides is pleased with Cyprus’ recent upgrading by rating agency DBRS Morningstar from BBB(Low) to BBB, revising its outlook from positive to stable. Petrides said in a statement: “DBRS
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
Lawyers, auditors, and accountants have taken a direct hit from the war in Ukraine and sanctions imposed on Russia, estimating revenues have shrunk 15% in the aftermath of the conflict. The EU
When Greek Prime Minister Kyriakos Mitsotakis took the floor in a parliament debate on Ukraine this month, there was no doubt which side his government was taking in the conflict. “There can
Cyprus has received almost 3,000 Ukrainians fleeing the war since Russia invaded last month, said the Interior Ministry Wednesday, fending off criticism that authorities responded inadequately to the humanitarian crisis. In a
Cyprus is braced to lose revenue from Russian and Ukrainian tourists, as the economy is expected to lose around 2% of its GDP due to the Ukraine conflict. As the war in
Almost two weeks into the Russian invasion of their country, Ukrainian forces have managed to hold up the advance of their foes with resistance that has won plaudits from Western allies. Analysts
No effort should be spared to convince Russia’s Vladimir Putin, to lay down arms and prevent the Ukraine conflict from spreading, said French Ambassador to Cyprus Salina Grenet-Catalano. She told the Cyprus
Russia’s invasion of Ukraine has sent energy prices surging, but the oil-rich Gulf monarchies have so far resisted Western pressure to raise output, prioritising their own strategic and economic interests. The price
The war in Ukraine could deliver the final blow to small businesses and hospitality establishments, which have yet to find their bearings following two years of the pandemic. Shopkeepers and restaurant owners
