XM backs recovery and fire prevention in Cyprus
XM, an international forex and CFD broker, has announced a €5 million donation to aid the recovery and reconstruction efforts in Cyprus following a series of devastating wildfires. The fires engulfed vast areas of the island, forcing families to flee their homes and causing significant damage to infrastructure and local communities.
According to the broker’s website, the financial aid will focus on two main areas: addressing urgent humanitarian needs and supporting long-term reconstruction. XM will work closely with local authorities and trusted partners to conduct a comprehensive assessment of needs and on-site evaluations. This approach is designed to ensure resources are distributed effectively, transparently, and targeted where they are most urgently required.
Support and future disaster prevention
“We are deeply saddened by the devastation caused by the wildfires and stand in solidarity with the affected communities,” said Stavri Morti, co-CEO of XM. “Our hearts go out to every individual and family impacted, and we are committed to supporting both immediate relief and long-term recovery efforts with utmost responsibility and care.”
In addition to financial assistance, XM is also committed to supporting fire prevention initiatives aimed at strengthening Cyprus’s capacity to respond to potential future disasters. These measures will be implemented in partnership with qualified organizations and will focus on building community resilience and enhancing emergency preparedness.
Corporate social responsibility and company values
“When a community faces hardship, it is our duty to rise to the occasion and stand by its side,” Morti added. “In times of crisis, what matters most is not just words of support, but meaningful action.”
This initiative reflects XM’s long-standing commitment to corporate social responsibility. For over 15 years, the company has been actively involved in humanitarian and educational projects around the world, especially during natural disasters and emergencies.
With this latest contribution, XM reaffirms its mission to bring about positive change and provide real support to communities in crisis. The company continues to champion initiatives that reflect its core values of compassion, responsibility, and action.
Previously, XM supported an inclusion initiative in Singapore and helped empower ethnic youth in Vietnam.
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