Welcome to Londongrad, where kleptocrats wash their money clean
Britain is having a hard time quitting its addiction to Russian money.
War sanctions may cost 2% of Cyprus GDP
Cyprus stands to lose up to 2% of its gross domestic product in 2022 if the Russian flight ban remains in effect throughout 2022, DRBS Morningstar rating agency said on Monday, noting that the war in Ukraine will negatively impact growth this year, although “it should not derail Cyprus’ medium-term prospects.”
Russian airstrike at NATO’s doorstep raises fears of expanded war
Russia launched a barrage of airstrikes Sunday against a military base in western Ukraine where US troops had trained Ukrainian forces just weeks earlier.
HSBC sells local network to Pancreta
HSBC announced on Monday it had agreed to sell its branch operations in Greece to local bank Pancreta Bank, as the lender further sharpens its focus on its biggest market, that being Asia.
ATHEX: Index keeps small share of gains
The Greek stock market lost most of its early gains on Monday but still managed to end the day in the black thanks to a strong performance by the banking sector.
PM thanks Erdogan for Covid recovery wishes
Kyriakos Mitsotakis on Monday thanked Turkish President Recep Tayyip Erdogan for extending his wishes for the Greek premier’s recovery from Covid-19.
Alternate FM meets with assistant secretary of state in Washington
Bolstered defense ties between Athens and Washington, Greek-Turkish relations, energy security and the war in Ukraine topped the agenda of talks between Greece’s alternate foreign minister, Miltiadis Varvitsiotis, and US Assistant Secretary of State for European and Eurasian Affairs Karen Donfried in Washington on Monday.
Cyprus president vows ‘more humane’ migrant camp conditions
The president of Cyprus pledged Monday to make conditions at an overcrowded migrant camp “more humane” following criticism that the living arrangements for more than 350 unaccompanied minors there were inadequate.
Fixed-term contracts of municipal workers extended
The contracts of part-time workers at municipalities who were hired in to meet the increased needs arising from the Covid-19 pandemic will be extended until May 31, according to Interior Minister Makis Voridis.
Improvements in lighting and security on campus
The National and Kapodistrian University of Athens (EKPA) is implementing a project to upgrade the lighting on the Zografou campus in central Athens with the use of state-of-the-art LED lights, remote control systems and remote control of the electrical circuit.