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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


Urgent International Action Needed to Address Houthi Attacks Threatening Global Supply Chain, Says Cyprus Shipping Chamber
The Director General of the Cyprus Shipping Chamber, Thomas Kazakos, has issued a call for urgent international intervention to address...
Jan 5, 20242 min read


Credit Rating Agencies Confirm Evaluation Dates for Cyprus Amid Positive Trajectory
International credit rating agencies have revealed the scheduled dates for announcing their assessments of Cyprus' economic outlook in...
Jan 4, 20242 min read


Cyprus Banking Sector Thrives: Surge in Deposits and Shifting Loan Trends Revealed in Central Bank Report
Cyprus experienced a notable upswing in both deposits and loans within its banking sector during November 2023, as revealed by the latest...
Jan 3, 20242 min read


Finance Minister Makis Keravnos Charts Path to Economic Resilience and Growth in 2024
In an insightful article featured in Economy Today, Finance Minister Makis Keravnos takes stock of the departing year and outlines the...
Dec 29, 20232 min read


Cyprus Aims to Strengthen Its Position as a Leading Maritime Hub in 2024
Cyprus is set to strengthen its position as a prominent international maritime center in the coming year, according to Deputy Minister of...
Dec 28, 20231 min read


Cyprus and the Global Landscape: A Deep Dive into Challenges, Opportunities, and Adaptive Strategies from 2023 to 2024
In the transformative and often tumultuous landscape that defined the year 2023, the global economic and sociopolitical spheres bore...
Dec 27, 20234 min read


Greece's Golden Visa Program: A Global Magnet Amidst Soaring Applications and Local Concerns
Greece's Golden Visa program has achieved global prominence, recording a remarkable 7,752 applications by the close of November this...
Dec 27, 20232 min read


In its Autumn 2023 report on Cyprus' economic outlook, the European Commission has presented a nuanced analysis of the country's post-pandemic recovery.
The report, based on the 15th post-programme surveillance mission conducted in late September 2023, indicates that Cyprus, despite...
Dec 22, 20232 min read


The Cabinet of Ministers in Cyprus has given its nod to the National Maritime Spatial Plan
In a landmark decision, the Cabinet of Ministers in Cyprus has given its nod to the National Maritime Spatial Plan, marking a pivotal...
Dec 21, 20232 min read


Kedipes, the state-owned asset management company, has recently entered into an agreement with the Bank of Cyprus
Kedipes, the state-owned asset management company, has recently entered into an agreement with the Bank of Cyprus (BoC) for the sale of a...
Dec 20, 20231 min read
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