Day: March 14, 2022

Cyprus may lose 1.5% to 2% of GDP in 2022 if the airspace with Russia remains closed throughout 2022, said DRBS Morningstar, noting that the war in Ukraine will impact negatively growth this year, however, “it should not derail Cyprus`s medium-term prospects.”

In a commentary, the rating agency said that “the introduction of sanctions and counter sanctions due to Russia`s invasion of Ukraine has increased the downside risks to otherwise strong medium term economic prospects for Cyprus,” adding that the main transmission channels for Cyprus are through tourism revenues and higher energy prices.

Source: Cyprus News Agency

Cyprus assured that it is firmly dedicated to the statutory principles of GREVIO, the independent expert body responsible for monitoring the implementation of the Council of Europe Convention on Preventing and Combating Violence against Women and Domestic Violence (Istanbul Convention) by the Parties.

The assurance was conveyed by Justice and Public Order Minister Stephie Drakos during the first visit of a GREVIO delegation to Cyprus.

An official press release said the minister assured of Cyprus’ firm commitment to the principles of the Convention as well as the continuation and intensification of efforts to provide a holistic framework for the protection, support and empowerment of victims of all forms of violence.

Source: Cyprus News Agency

The equal representation of women on corporate boards and policies to encourage elderly people to remain in the workforce, as well as developments related to Ukraine, were discussed by the EU’s social affairs ministers during the Employment, Social Policy, Health and Consumer Affairs Council which was held on Monday in Brussels.

Cyprus was represented by Minister of Labour, Welfare and Social Insurance Zeta Emilianidou.

Ministers discussed the Council`s general approach on the Commission`s proposal for a Directive on improving gender representation on corporate boards.

Source: Cyprus News Agency