Makis Keravnos

Morningstar DBRS upgraded Cyprus' credit outlook to positive while maintaining its 'A' rating, with Finance Minister Keravnos crediting prudent economic policy, strong growth, high employment, and declining public debt as evidence of the economy's resilience amid global uncertainty.

The European Union approved a $106 billion loan package for Ukraine after Hungary and Slovakia ended their veto, following resumed Russian oil deliveries through the Druzhba pipeline, enabling critical economic and military support amid ongoing conflict.