Banking and financial institutions are introducing a tool to assess companies’ compliance with Environmental, Social, and Governance (ESG) criteria in Cyprus.
Cyprus is “particularly vulnerable” to the effects of climate change, including rising temperatures, rising sea levels, and shifting weather patterns. The government has implemented measures to address climate change and improve resilience, focusing on strengthening scientific research, developing national adaptation strategies, and raising public awareness. Prioritizing climate resilience within natural ecosystems and community participation are also highlighted as important factors in managing climate risks and improving quality of life for citizens.
Turkey has become a significant exporter of durum wheat, helping to fill a supply gap caused by drought in Canada. Turkish exports have kept durum prices stable and competitive, benefiting pasta producers and consumers. Turkey’s strong crop yields and competitive prices have made it a key player in the global durum market, with analysts predicting continued substantial exports in the coming years. The country’s role in supplying durum wheat may become even more crucial as Europe plans to use tariffs to limit grain imports from Russia.