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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On Thursday, the European Central Bank (ECB) announced that it had withdrawn Cyprus RCB Bank Ltd banking license.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


JP Morgan completes its share purchase of Greece's Viva Wallet
The 48.5 percent acquisition of Greek fintech firm Viva Wallet by American banking behemoth JP Morgan has been completed following a...
Dec 19, 20221 min read


Hellenic Bank's upgrading by the agency and appreciation for its leaner design
This week, Capital Intelligence Ratings (CI Ratings) revealed that it had raised Hellenic Bank's (HB) Long-Term Foreign Currency Rating...
Dec 16, 20222 min read


Cyprus watchdog will continue suspending FTX's EU license.
According to a spokeswoman, the Cyprus Securities Regulator will meet next week to discuss whether to extend suspending FTX EU's license....
Dec 14, 20221 min read


Greece is on track to become Europe's second-largest producer of olive oil
According to a recent research report, Greece is on track to surpass Italy and become Europe's second-largest olive oil producer after...
Dec 12, 20222 min read


HackAdTech has opened its doors to IT professionals in Cyprus.
Teams created incredible solutions to improve living in Cyprus and the AdTech sector. We saw board ads in downtown Limassol a few months...
Dec 9, 20223 min read


New rewards package from the Greek government based on the energy reserve & refinery surplus profits
The revelations have coincided with the budget debate for 2023 The government conducts "paper exercises" for new benefits using "vehicle"...
Dec 8, 20223 min read


Fitch raises the rating of the BOC, noting NPE reduction and the resilience of the Cypriot economy
Fitch Ratings has raised the Bank of Cyprus's Long-Term Issuer Default Rating (IDR) to 'B+' from 'B-' and its Viability Rating (VR) to...
Dec 8, 20223 min read


Safe deposit boxes and deposits for black money may be frozen for up to 18 months
The penal code takes effect on November 18, 2022. The Independent Authority for Public Revenue (IAPR) would apply strict sanctions on...
Dec 7, 20222 min read


The New York Capital Link Forum Will Discuss Greece's Economy and Investments
The prospects for the Greek economy and investments will be discussed at the Capital Link Invest in Greece Forum, which will be place on...
Dec 6, 20222 min read


Eurobank will become the majority shareholder of Hellenic Bank
Eurobank announced on Thursday that it has expanded its interest in Hellenic Bank to 26% after reaching a deal to acquire a 13.4%...
Dec 2, 20222 min read


Greece has been designated as a European hub for liquefied natural gas
Greece is becoming a European hub for liquefied natural gas (LNG) as demand surges in the aftermath of Ukraine's conflict, Prime Minister...
Dec 2, 20223 min read
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