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Cyprus's loan rates are still rising.
In December 2022, Cyprus' lending rates increased once more, and deposit rates increased as well with the ECB's normalization of key...
Feb 3, 20231 min read


Cyprus's banking sector solvency index has reached 21.2%
The overall solvency ratio of the Cypriot banking industry was 21.2 percent at the end of September 2022, the highest level since data...
Feb 2, 20232 min read


EU Funding For Infrastructure Upgrades In Four Greek Ports
EU funding has been secured for the implementation of important infrastructure enhancements at four Greek ports. According to AMNA, a...
Jan 31, 20232 min read


New Rules & Changes for the Greece Golden Visa
Greek Golden Visa applicants can qualify for a minimum real estate investment of at least €250,000, among other investment options,...
Jan 31, 20233 min read


Cypriot tech company automates the process of making investment decisions
AIRR, which specializes in solutions to automate the process of making investment decisions, was founded in Cyprus in 2019. The...
Jan 30, 20232 min read


Due to undeveloped plots, Limassol could have 8,000 more apartments.
According to a survey by Cypriot fintech Ask WiRE, the city of Limassol might have an additional 8,000 apartments given the large...
Jan 27, 20232 min read


Paphos has received more than €15 million in foreign investment
According to the Paphos Chamber of Commerce and Industry, foreign investments in the region have totaled more than €15 million. According...
Jan 26, 20232 min read


Greek exports rise 37% year on year, setting a new high
According to figures provided by the Hellenic Statistical Authority (ELSTAT) on Monday, Greek exports in all main industries established...
Jan 18, 20232 min read


Cyprus residential real estate costs are not anticipated to decrease any time soon.
The CEO of Ask WiRE, a Cyprus fintech company, Pavlos Loizou, indicated in an analysis examining the landscape of the domestic real...
Jan 12, 20234 min read


Greece Requires Pre-Departure COVID Test Requirement for Chinese Arrivals
Following an increase in the number of infection cases in China and suggestions from the European Union, Greece has decided to enforce a...
Jan 10, 20232 min read


Cyprus must confront the difficulties of the energy transition to prosper
In spite of being a necessary and ambitious goal, the energy transition, which primarily refers to the switch from fossil fuels to...
Jan 10, 20233 min read


Cyprus's real estate sector will confront tough obstacles in 2023
In 2022, a year marked by uncertainty and global instability, the Council for Registration of Real Estate Agents took important steps to...
Jan 3, 20233 min read


In 2022, Cyprus achieved its goal of becoming a business centre.
According to the most recent data from the Business Facilitation Unit (BFU), which is overseen by the Ministry of Energy, Commerce, and...
Dec 30, 20223 min read


Greece's tourism revenue reached €1.5 billion in October
According to the Greek Minister of Tourism, Vasilis Kikilias, tourism receipts in October 2018 reached €1.5 billion, outperforming...
Dec 29, 20222 min read


Cyprus will welcome the world's fourth largest shipping firm
John Fredriksen, a Cypriot naturalised billionaire, owns the company. Frontline, owned by Cypriot citizen John Fredriksen, has opted to...
Dec 29, 20221 min read


CYPRUS: Revenue from betting increased by 24% YoY in Q3 2022.
The gross betting revenue of class A and B receivers (land-based and online betting) increased by 24% year over year in the third quarter...
Dec 29, 20222 min read


The ECB revokes the RCB's banking license
On Thursday, the European Central Bank (ECB) announced that it had withdrawn Cyprus RCB Bank Ltd banking license. The choice was made...
Dec 27, 20221 min read


What the New Migration Changes in Germany Mean for Third-Country Citizens
The revisions to the law on the right of residence and asylum for third-country citizens who are already in Germany were approved by...
Dec 21, 20224 min read


The Central Bank has launched a new effort to assist fintech startups
The Central Bank of Cyprus (CBC) announced the establishment of a new Innovation Hub in the field of financial technology (fintech) on...
Dec 21, 20222 min read


Regional beverages titan moves to Cyprus
Kassatly Group Holding, a significant regional beverage business, announced plans to relocate to the island by the end of next year....
Dec 20, 20222 min read
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