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UniCredit Strikes Derivatives Deal to Nearly Double Stake in Alpha Bank
UniCredit has taken a decisive step toward significantly boosting its ownership in Greece’s Alpha Bank, revealing on Wednesday that it...
May 29, 20252 min read


Fitch Affirms Cyprus’ ‘A-’ Rating with Stable Outlook Amid Strong Fiscal Performance and Geopolitical Headwinds
International credit rating agency Fitch has affirmed Cyprus’ long-term foreign currency rating at ‘A-’ with a stable outlook, citing a...
May 26, 20253 min read


Cyprus Saving Rate to Reach 11% in 2025 Amid Broader EU Stabilisation, Commission Forecasts
The household saving rate in Cyprus is forecast to increase to 11% in 2025, according to the European Commission’s Spring 2025 Economic...
May 22, 20251 min read


Fitch Revises Greece’s Outlook to Positive as Fiscal Outperformance Exceeds Expectations
Fitch Ratings has upgraded Greece’s Long-Term Foreign-Currency Issuer Default Rating (IDR) Outlook to Positive from Stable, reaffirming...
May 19, 20253 min read


CySEC Penalizes iTrade Global for AML Breaches, Initiates Liquidation of WAVENTURES RAIF
The Cyprus Securities and Exchange Commission (CySEC) has issued two separate regulatory announcements this week concerning enforcement...
May 16, 20252 min read


Cyprus Eyes Schengen Zone Membership by 2026, Says President Christodoulides
Cyprus is aiming to join the Schengen zone in 2026, President Nikos Christodoulides announced on Sunday, declaring that the Republic of...
May 12, 20253 min read


Greek Investors Shift Focus to Tech Stocks and ETFs Amid Tesla Decline and Rising Financial Awareness
Investment trends among Greek users of the fintech app Plum, which also maintains operations in Cyprus, have taken a noticeable turn in...
May 9, 20253 min read


Cyprus Urged to Maintain Fiscal Discipline Amid Rising Global Risks, Economic Council Warns
The Cyprus Economy and Competitiveness Council has issued a strong warning against the expansion of inflexible public spending,...
May 8, 20253 min read


CBC Issues 2025 AML Directive, Easing Requirements for Low-Risk Clients While Upholding Stringent Standards
The Central Bank of Cyprus (CBC) has officially released its 2025 directive on the prevention of money laundering and terrorist...
May 6, 20253 min read


Central Bank of Cyprus to Unveil Revised Anti-Money Laundering Directive on May 2
The Central Bank of Cyprus (CBC) has announced that it will publish an updated directive on the prevention of money laundering and...
Apr 30, 20251 min read


Deputy Ministry of Tourism Reiterates Registration Requirement for Short-Term Rentals
With the tourist season now underway, the Deputy Ministry of Tourism has issued a renewed warning to property owners offering short-term...
Apr 29, 20252 min read


CySEC Promotes Participation in EU Consultation on Major Financial Regulatory Reforms
The Cyprus Securities and Exchange Commission (CySEC) announced this week the launch of a targeted consultation initiated by the European...
Apr 29, 20253 min read


Nuclear Energy Remains Central to EU's Climate and Energy Strategy, Expert Says
Nuclear energy continues to hold a critical place in the European Union’s energy portfolio, accounting for about 22.8 per cent of total...
Apr 28, 20253 min read


CySEC Warns Against Unlicensed Investment Websites and Fines Streams Financial Services
The Cyprus Securities and Exchange Commission (CySEC) has this week issued a stark warning to investors concerning a number of...
Apr 17, 20252 min read


Cyprus Manufacturing Sector Proves Resilient Amid Global Challenges, Says Oev
Despite ongoing structural hurdles, Cyprus’ manufacturing sector has once again shown its ability to weather international instability,...
Apr 14, 20253 min read


New Loan Volume in Cyprus Drops by 22.8% in February, Interest Rates Show Mixed Trends
The volume of new loans issued in Cyprus experienced a sharp decline of 22.8% in February 2025, reaching €246.1 million, down from €318.7...
Apr 4, 20252 min read


Cyprus Opens Applications for Digital Nomad Visa Programme
Scheme Aims to Boost Local Business Ecosystem The Migration Department has officially opened applications for residence permits under the...
Mar 28, 20253 min read


Cyprus Parliament to Vote on Casino Cash Exemption Amid Concerns Over Money Laundering
While it is no longer possible to purchase real estate, cars, or yachts with large amounts of cash, a proposed exception could allow...
Mar 27, 20254 min read


Hellenic Bank’s Merger with Eurobank Enters Final Phase as Cyprus Banking and Insurance Sectors Consolidate
Hellenic Bank is making significant strides in a dual integration process that will see both its banking and insurance operations undergo...
Mar 21, 20254 min read


Cyprus Inflation Rises by 2.3% in February, Driven by Leisure and Hotels
Cyprus experienced a 2.3% year-on-year increase in its Harmonised Consumer Price Index (HCPI) in February 2025, according to data...
Mar 20, 20251 min read
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