All Articles

Greece is rapidly emerging as one of the world’s most desirable destinations for the wealthy, placing itself firmly within the top 10 choices for high-net-worth individuals amid what economists are calling the “Great Millionaire Migration.” Each year, thousands of affluent individuals relocate across borders, bringing with them not only immense personal fortunes but also business operations, family offices, and cultural influence. Experts describe this global trend as a trans

Government debt as a percentage of gross domestic product (GDP) increased across both the euro area and the wider European Union (EU) at the close of the second quarter of 2025, according to a report released by Eurostat on Tuesday. The statistical office highlighted, however, that Cyprus recorded one of the most notable decreases over the year. For the 20-nation euro area (EA20), the general government gross debt to GDP ratio reached 88.2 per cent at the end of Q2 2025, risi

Autonomous Research has issued a more cautious outlook on Greek bank stocks, warning that much of the sector’s optimism has already been reflected in current valuations. The independent research and analysis firm noted that, while fundamentals remain strong, the rally that lifted the country’s banking sector through 2024 and 2025 appears to be entering a mature phase. Following a recent field visit to Athens, the firm concluded that “the Greek banking story has entered a phas

Significant changes have emerged in the latest update of the Henley Passport Index for 2025, which evaluates 199 passports based on International Air Transport Association (IATA) data, ranking them according to the number of destinations accessible without a visa. According to the most recent figures, the United States passport, once a dominant force in global mobility and a fixture among the top ranks for two decades, has now fallen to 12th place. Meanwhile, the Greek passpo

The Cyprus Securities and Exchange Commission (CySEC) has issued an official update involving three regulated entities, detailing the withdrawal of a Cyprus Investment Firm (CIF) licence and the initiation of liquidation procedures for two separate investment fund compartments. In its announcement, CySEC confirmed that on October 13, 2025, it decided to withdraw the CIF authorisation of BrightPool Ltd, which held authorisation number 378/19. The decision followed the company’

The Cyprus Gaming and Casino Supervisory Authority (CGCS) has confirmed that it is actively examining the possibility of regulating and licensing online casinos in the country, a topic that has been under consideration for some time. In a statement issued today, the CGCS highlighted that it is reviewing international regulatory practices as well as assessing whether the exclusivity granted by existing legislation and the agreement for the operation of the Integrated Casino Re

Cyprus and the United Arab Emirates have reaffirmed their shared commitment to deepening bilateral economic relations and advancing investment cooperation during a high-level meeting in Dubai on Wednesday. The discussions took place between Cyprus’ Minister of Energy, George Papanastasiou, and the UAE Minister of Economy, Abdulla bin Touq Al Marri, underscoring both nations’ intent to strengthen ties across trade, energy, and innovation. According to the Cyprus Ministry of En

The International Monetary Fund (IMF) has revised upward its economic growth outlook for Cyprus, projecting stronger performance over the next two years while anticipating a sharp decline in inflation. In its October World Economic Outlook, the IMF forecast that Cyprus’s GDP will expand by 2.9 per cent in 2025 and 2.8 per cent in 2026, marking an improvement from April’s estimates of 2.5 per cent and 2.7 per cent respectively. The latest figures indicate a more optimistic ass

The United States Treasury Department’s Office of Foreign Assets Control (OFAC) announced on Tuesday, October 14, 2025, that two individuals who obtained citizenship through Cyprus’s former Investment Program have been added to the US sanctions list. Chen Zhi and Yang Jian were included in the Specially Designated Nationals (SDN) List under Executive Order 13581, meaning that any assets they hold under US jurisdiction are blocked and US persons or entities are prohibited from

Eurobank Limited announced on Friday the successful completion of the merger of its Cypriot insurance subsidiaries, marking a significant...

Cyprus’ long-anticipated tax reform is entering its final stages, with the relevant legal bills expected to be completed within the next...

Cyprus and Qatar have signed a memorandum of understanding (MoU) aimed at deepening their partnership in maritime affairs, covering key...

The Cyprus Securities and Exchange Commission (CySEC) has called on all regulated entities to carefully review the latest strategic...

Alpha Bank has intensified its share repurchase activity while simultaneously rewarding investors with a significant interim dividend for...

The preferred method for submitting bids in all types of privatisations should be open, transparent, and accessible to all potential...

The Consumer Protection Service announced on Tuesday that it has levied significant administrative fines on the Bank of Cyprus and...

Bank deposits in Cyprus recorded a net increase of €44.3 million in August, according to the latest deposit and loan statistics released...

The Central Bank of Cyprus (CBC) on Tuesday released its September 2025 macroeconomic projections, forecasting steady growth for the...

The Cyprus Securities and Exchange Commission (CySEC) has taken a series of enforcement decisions in recent weeks, issuing fines,...

DBRS Morningstar has upgraded the long-term foreign and local currency ratings of the Republic of Cyprus from A (low) to “A,” while...