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Cyprus Government Abolishes Annual Company Fee: Boosting Business Relief and Competitiveness
The recent decision by the Cabinet of Cyprus to abolish the €350 annual fee for companies, which had been in effect since 2011,...
Mar 1, 20242 min read


Central Bank Report Reveals Downturn in Cyprus' Loan and Deposit Sectors for January 2024
In January 2024, Cyprus experienced a notable downturn in both its loan and deposit sectors, as per a report released by the Central Bank...
Feb 29, 20242 min read


Cyprus Stock Exchange Joins EuroCTP Consortium for Unified Market Data Initiative
The Cyprus Stock Exchange (CSE) made a significant announcement on Friday, revealing its membership in the EuroCTP consortium. This...
Feb 27, 20241 min read


Cyprus Shipping Chamber Applauds Launch of EU Maritime Security Operation 'ASPIDES' in Red Sea
The Cyprus Shipping Chamber (Kne) issued a comprehensive statement on Tuesday, warmly embracing the formal initiation of the EU maritime...
Feb 23, 20242 min read


Greek Government Introduces Tiered Investment Thresholds for Golden Visa Program Amid Housing Crisis
Greek authorities recently announced significant changes to the Golden Visa Program in response to the ongoing housing crisis, with the...
Feb 23, 20242 min read


Analyzing Cyprus' Economic Outlook: Growth Trajectory, Inflation Trends, and Policy Considerations
The interim winter forecast issued by the European Commission provides a comprehensive analysis of Cyprus' economic outlook, offering...
Feb 19, 20242 min read


Cyprus Poised for Energy Transformation: Natural Gas Production and Power Connectivity Initiatives
Cyprus is poised to achieve a significant milestone in its energy sector, with plans underway to commence natural gas production as early...
Feb 16, 20242 min read


European Central Bank's Data-Driven Approach to Interest Rates: Insights from Bank of Spain Governor and Central Bank of Cyprus Governor
Bank of Spain Governor Pablo Hernández de Cos shared detailed insights into the European Central Bank's (ECB) approach to interest rate...
Feb 8, 20243 min read


Cyprus Central Bank's Quarterly Report Reveals Fluctuations in Interest Rates and Loan Activity
The Central Bank of Cyprus (CBC) recently unveiled its quarterly report, revealing notable fluctuations in interest rates on various...
Feb 6, 20242 min read


Cyprus Anticipates Interest Rate Cuts Amid Positive Economic Trajectory and Inflation Progress
Finance Minister Makis Keravnos and Cyprus Central Bank (CBC) governor Constantinos Herodotou convened on Thursday to deliberate on the...
Feb 5, 20242 min read


Eurobank Embarks on Global Expansion with Merger Moves and Middle East Representative Offices
Eurobank is actively pursuing an expansion strategy to broaden its global footprint by establishing representative offices in key...
Feb 1, 20242 min read


Cyprus Secures Position as EU Leader in Cross-Border Investment Services, Unveils Crypto Regulation Plans
In a significant development, Cyprus has asserted itself as the leading European Union member state in the provision of cross-border...
Jan 26, 20242 min read


Cyprus Sees Decline in Loan Applications Amidst Eurozone Policies and Rising Rates
A survey conducted by the Central Bank of Cyprus (CBC) has revealed a decline in loan applications from both businesses and households in...
Jan 18, 20241 min read


Cypriot and Hungarian Banks Lead Eurozone in Shareholder Profitability, EBA Report Shows
Banks in Cyprus and Hungary have emerged as the most profitable for shareholders within the Eurozone, according to the European Banking...
Jan 17, 20242 min read


Minister of Commerce Extends Deadline for Registering Beneficial Owners Amid Criticism and Fines Controversy
The Minister of Commerce, Giorgos Papanastasiou, announced an extension until March 31 for the registration of all companies in the...
Jan 17, 20242 min read


Cyprus Eases Fines for UBO Registration: Companies Can Now Register Without Immediate Payment
In a significant policy reversal, Cyprus has opted to ease fines imposed on companies for failing to register their ultimate beneficial...
Jan 15, 20242 min read


Leaked Documents Reveal Roman Abramovich's $63 Million Investments in European Start-ups Through Venture Capital Firm Target Global
Russian billionaire Roman Abramovich has reportedly invested $63 million in European start-ups through London-based venture capital firm...
Jan 12, 20242 min read


Cypriot Banks Maintain Steady Loan Growth, Surpassing €3 Billion in 2023
Cypriot banks have demonstrated resilience in loan provision throughout 2023, exceeding €3 billion in total net new loans by November...
Jan 11, 20242 min read


Coinbase Charts Strategic Expansion in Europe with Acquisition and Regulatory Compliance Initiatives
Coinbase, a prominent player in the cryptocurrency market, revealed its strategic move yesterday, announcing plans to acquire a...
Jan 10, 20241 min read


Finance Minister Makis Keravnos has confirmed a 2.44% increase in the Cost of Living Allowance (CoLA)
In a recent announcement, Finance Minister Makis Keravnos has confirmed a 2.44% increase in the Cost of Living Allowance (CoLA) for...
Jan 8, 20242 min read
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