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Cyprus' Competitiveness Ranking Declines for Third Consecutive Year
Cyprus has experienced a decline in its competitiveness for the third consecutive year, falling from the 40th position to the 45th among...
Jun 23, 20233 min read


Binance Reverses Expansion Plans in Cyprus, Focusing on EU Compliance and Existing Markets
Binance, the largest cryptocurrency exchange globally, has decided to backtrack on its initial plans to expand into Cyprus, despite being...
Jun 16, 20232 min read


Bank of Cyprus Issues AT1 Capital Bonds in Euros, Witnessing Strong Demand and Reduced Coupon Rate
According to a report from the Cyprus News Agency (CNA), the issuance of Additional Tier 1 (AT1) capital bonds has generated significant...
Jun 14, 20232 min read


Greece Has Already Gained Investment Grade, Analysts Say
Bank analysts have told Reuters that Greek bonds are currently being traded as if Greece has already regained investment-grade status....
Jun 9, 20232 min read


AstroBank Launches Program to Support First-Time Homebuyers with Frozen Base Interest Rate
AstroBank, a Cypriot lender, has unveiled a new initiative aimed at assisting vulnerable borrowers by freezing the base interest rate for...
Jun 9, 20232 min read


Greece's Growth Forecasted at 2.2% in 2023, Emphasizing Fiscal Discipline for Investment Stage
The Organization for Economic Co-operation and Development (OECD) has released a report on Greece, highlighting the importance of fiscal...
Jun 8, 20233 min read


The EU's gas policies and their implications for Cyprus
In addition to electricity, the new standards will have an influence on other energy sectors, including transportation, heating, and...
May 30, 20235 min read


Cyprus's domestic bond yields are still rising
The yields on domestic bonds issued by the Republic of Cyprus have risen in accordance with the trend in global central banks' interest...
May 26, 20231 min read


The Registrar has been given permission to evaluate sanctioned companies
On Friday morning, Registrar of Companies Irini Mylona announced that her office has been given permission to begin with the...
May 19, 20231 min read


Bank of Cyprus is awaiting SSM permission before lowering mortgage rates
According to the group's CEO Panicos Nicolaou, the Bank of Cyprus has created a proposal targeted at lowering loan rates, which has been...
May 17, 20233 min read


The road ahead is difficult, but it also offers opportunity, according to the president
President Nikos Christodoulides made the keynote address at this year's Nicosia Economic Congress on Tuesday, emphasising his...
May 10, 20234 min read


According to an EU official, Russian assets frozen in Cyprus are "relatively low."
The European Commission is perplexed by the low number of Russian oligarchs' frozen assets in Cyprus, said European Commissioner for...
May 4, 20233 min read


Hellenic Bank promises to help the Cypriot maritime industry
Hellenic Bank issued a statement on Thursday emphasising its support for the shipping industry and its personnel, which is shown in its...
Apr 28, 20232 min read


Property prices and rental rates in Cyprus have risen yet again
Ask Wire, a Cypriot real estate and technology business, presented the latest iteration of its property market index on Wednesday,...
Apr 27, 20232 min read


Cyprus finance minister announces the preparation of an updated Companies' Law
The finance ministry on Tuesday issued a tender with an estimated value of €2 million for the creation of updated legislation and rules...
Apr 20, 20231 min read


Cypriot company's assistance to the "Orthodox oligarch"
According to sources, an oligarch who is charged with funding pro-Russian separatists in eastern Ukraine continued to move millions of...
Apr 19, 20235 min read


Marios Tannousis to serve as the new CEO of Invest Cyprus
The national organization Invest Cyprus announced on Thursday that Marios Tannousis has been chosen to serve as its new CEO. The release...
Apr 19, 20231 min read


UK investors are leading the charge as offers for Cyprus' ESG bond come in
The Public Debt Management Office of the Finance Ministry said on Thursday that the Republic of Cyprus' recently issued ten-year...
Apr 7, 20232 min read


Cyprus regulator aids FTX investors
On Monday, the Cyprus Securities and Exchange Commission responded to failing cryptocurrency exchange FTX EU (Cyprus) by stating that it...
Apr 4, 20231 min read


Cyprus investment industry stable, assets €9.5 billion
The Cyprus Securities and Exchange Commission (CySEC) released its fourth-quarter 2022 quarterly report this week, highlighting the...
Apr 3, 20232 min read
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