Day: March 7, 2022

Posted on

Dutch investor Prosus to write off $700 million stake in VK Group

Published by
Reuters UK

AMSTERDAM (Reuters) – Prosus, the Dutch technology investor, said it was writing off its stake in Moscow-headquartered online platform VK Group, which it said was valued on Prosus’s books at $700 million. VK Group Ltd., known until October as Mail.Ru, is one of Russia’s largest internet companies, known for social networking and gaming. It has a listing on the London Stock Exchange and is registered in Cyprus, with headquarters in Moscow. “Prosus asked its directors on the VK Board to resign their positions,” the company said in a statement. Prosus owns 25.9% of VK, according to Refinitiv data… Continue reading “Dutch investor Prosus to write off $700 million stake in VK Group”

Posted on

Health Ministry issues instructions for discharge of COVID-19 cases

Cyprus` Health Ministry issued new instructions on Monday regarding the discharge of people who contracted COVID-19. These instructions will be put into effect as of Tuesday, March 8, it is noted.

People positive to COVID-19 may be discharged on the 7th day, provided that they have a negative rapid test from designated testing points, announced by the Health Ministry, and show no active symptoms, the Ministry said.

Source: Cyprus News Agency

Posted on

Cyprus records one death due to COVID-19 and 1,584 new cases on Monday, hospitalizations at 129

Cypriot health authorities announced on Monday one new death due to COVID-19 and 1,584 new cases, bringing the total tally of deaths and infections since the outbreak of the pandemic to 878 and 334,822, respectively.

According to a press release issued by the Ministry of Health, hospitalizations remained at 129 and patients treated in serious condition in Intensive Care Units and Advanced Care Units were reduced to 27.

A total of 46,066 tests were carried out today, with the overall daily positivity rate amounting to 3.

Source: Cyprus News Agency

Posted on

S&Ps rating shows confidence that Cypriot economy will tackle geopolitical tensions, FinMin says

Standard and Poor’s rating action shows confidence that the Cypriot economy will tackle the consequences of the geopolitical tensions arising from Russia’s invasion of Ukraine, the Finance Ministry said.

Late on Friday S&Ps affirmed Cyprus’ long-term rating to BBB- and maintained the economic outlook to positive, “despite the consequences of geopolitical developments from the crisis in Ukraine and the continued impact due to the Covid pandemic,” the Finance Ministry said in a press release issued Saturday.

“Despite acknowledging the sizeable link of the Cypriot economy with the Russian economy and the possible impact from the Russo-Ukrainian crisis and the associated EU sanctions, the agency endorses the view that the consequences will be limited to 2022 and the economy will return to growth rates in 2023 – 2025,” the Finance Ministry said, adding that in

Source: Cyprus News Agency

Posted on

The Ukrainian issue and a proposal for EU-wide ban on ‘golden passport’ schemes are on the EP’s Plenary session agenda

?he Ukrainian issue but also an EU-wide ban on citizenship by investment schemes are on the agenda of the European Parliament’s Plenary session, this week in Strasbourg.

According to the Plenary’s schedule, MEPs will discuss how to handle the increasing number of refugees fleeing from the war in Ukraine and look into the EU’s role in a changing world as well as Europe’s security situation in the wake of the Russian aggression against Ukraine.

The Plenary is to also vote on the final report by the Special Committee on Foreign Interference and Disinformation.

Source: Cyprus News Agency

Posted on

Defence Minister travels to Saudi Arabia for bilateral meetings

Minister of Defence Charalambos Petrides is travelling to Saudi Arabia at the invitation of his counterpart, the Ministry of Defence announced.

According to the announcement, Petrides will hold bilateral meetings with Saudi officials during which he is expected to discuss international developments, regional issues and ways to deepen bilateral relations in the fields of defence and security.

The Minister will also visit the “World Defence Show”, held in Riyadh between 6 – 9 March.

Source: Cyprus News Agency

Posted on

President of Slovenia pays official visit to Cyprus on Tuesday

The President of Slovenia Borut Pahor will pay an official visit to Cyprus on Tuesday 8 March and will meet with President of Cyprus, Nicos Anastasiades, to discuss bilateral relations and ways to further deepen cooperation between the two countries, as well as the Cyprus issue. There will also be an exchange of views on the role that small EU member states can play for the future of Europe.

As announced by the Director of the President`s Press Office, Andreas Iosif, President Anastasiades will inform his Slovenian counterpart on Turkey`s provocative actions in the region, his efforts to resume the negotiation process, the Confidence Building Measures he has proposed and the efforts of the Republic of Cyprus to defend international law and its initiatives to this end.

Source: Cyprus News Agency