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29th Mar 2024

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12,000 Lebanese relocated to Cyprus, fleeing broken country

More than 12,000 Lebanese have left their homeland in the past two years for Cyprus, enrolling their children in schools, setting up businesses and snapping up apartments on the island, Ekathimerini writes. Lebanon plunged into an economic crisis that has thrown two thirds of the population into poverty since October 2019. Beirut was partly destroyed by a massive explosion in August 2021, followed by a political deadlock in the country.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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