Global broker XM pledges €5 million to support recovery efforts after the wildfires that severely affected various areas in Cyprus, leaving residents reeling from the destruction left in their wake.
The donation will help urgent frontline needs and support long-term recovery efforts. The financial support will be based on a documented needs assessment, carried out in collaboration with relevant authorities and on-site evaluations.
“We are deeply saddened by the devastation caused by the wildfires and stand in solidarity with the communities affected,” said Stavri Morti, co-CEO at XM. “Our thoughts are with every individual and family impacted, and we are committed to supporting both immediate relief and long-term recovery efforts with responsibility and care.”
The initiative will be implemented in coordination with trusted partners to guarantee that aid reaches those who need it the most and ensure that resources are used in a targeted, transparent, and effective manner.
In addition to the €5 million donation, XM is launching fire prevention initiatives aimed at strengthening the country’s preparedness to prevent future fire disasters. These actions will also be carried out in partnership with suitable collaborators.
“When a community faces challenging times, it’s our responsibility to rise to the occasion and stand by its side,” said Morti. “In times of crisis, what truly matters is showing up with support, not just in words, but in action.”
For over 15 years, XM has upheld a strong commitment to social responsibility, consistently supporting communities around the world in times of need, through humanitarian aid, educational initiatives, and when unexpected crises occur.
About XM
XM is an international trading and investment firm with over 15 years of proven success. The broker stands out for a wide range of award-winning products and services, superior trading conditions, and outstanding client support.
Trusted by over 15 million traders across 190 countries, XM is a multi-regulated broker serving retail traders, investors, and affiliates.
Driven by a vision to make a positive impact on people’s lives, since its inception, XM has worked with trusted organizations around the world to support welfare initiatives in health, education, and more.
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