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CySEC Conducts 850 Audits and Imposes €2.76 Million in Fines in 2024
The Cyprus Securities and Exchange Commission (CySEC) presented its key regulatory activities and market oversight initiatives during a...
Mar 12, 20253 min read


Cyprus Economic Sectors Show Turnover Growth in 2024 Driven by Tourism and Technology
In 2024, the turnover of most economic sectors in Cyprus saw an increase, reflecting the broader economic growth of the country,...
Mar 7, 20252 min read


Cyprus Sees Significant Decline in New Loans Despite Interest Rate Cuts in January 2025
Despite a reduction in interest rates, the volume of new loans in Cyprus saw a notable decline in January 2025, according to data...
Mar 6, 20252 min read


ICPAC Develops Structured Approach to Draft Official Tax Reform Document
The Institute of Certified Public Accountants of Cyprus (ICPAC) has established a structured process for drafting an official document...
Mar 6, 20252 min read


Cyprus Reports 17% Increase in Tourism Revenue for December 2024
Tourism revenue in Cyprus experienced a notable year-on-year increase of 17 percent in December 2024, according to a report published on...
Mar 5, 20251 min read


Cyprus: Deductions and Tax Adjustments Announced
Significant changes to Cyprus’s tax system have recently been announced, aiming at modernization and reform. Specifically, the tax-free...
Feb 27, 20251 min read


Cyprus Property Market Shows Signs of Stabilisation in Q4 2024
The Cyprus property market exhibited stabilising trends in the fourth quarter of 2024, according to the latest RICS Cyprus Property Price...
Feb 26, 20252 min read


Cyprus Sees Rise in Non-Performing Exposures, Reaching €1.61 Billion in October
Non-performing exposures (NPEs) in Cyprus increased by approximately €16 million in October 2024, bringing the total to €1.61 billion,...
Feb 25, 20251 min read


Cyprus Set to Gain from Fast-Tracked Gas Development in Block 6, Says Professor
Natural gas extraction from Block 6 of Cyprus’ Exclusive Economic Zone (EEZ) could begin within two to two and a half years, according to...
Feb 24, 20254 min read


Cyprus Underscores Role as Digital Hub at DCO Assembly, Organisation Outlines 2025-2028 Agenda
The Digital Cooperation Organisation (DCO) successfully concluded its fourth general assembly in Jordan, approving a comprehensive agenda...
Feb 21, 20254 min read


Bank of Cyprus Reports €508 Million Profit for 2024, Exceeding Financial Targets
The Bank of Cyprus announced its preliminary financial results for 2024 on Tuesday, revealing a profit after tax of €508 million. This...
Feb 20, 20254 min read


Russia Seizes Assets from Cyprus-Based Companies as Business Owners Face Pressure Over Dual Citizenship
The Russian government has officially transferred ownership of major Russian corporations from Cyprus to Russia, following a wave of...
Feb 18, 20254 min read


Cyprus Achieves 18% Investment Growth Since Pre-Pandemic, Reports EIB
The European Investment Bank (EIB) Group released its latest investment survey on Wednesday, highlighting significant growth and...
Feb 14, 20252 min read


CySEC Highlights AI, Fin-Influencers, and Regulatory Demands in 2025 Agenda
The Cyprus Securities and Exchange Commission (CySEC) announced its supervisory priorities for 2025 on Wednesday, emphasizing the...
Feb 13, 20252 min read


Eurobank increases its ownership in Hellenic Bank to 93.47%, aiming for complete control.
Eurobank announced on Tuesday that it has successfully acquired an additional 37.5 percent stake in Hellenic Bank, increasing its total...
Feb 12, 20253 min read


Greece Sees Surge in Golden Visa Applications, Processing Backlog Grows
Greek authorities received a total of 9,289 applications for the country’s Golden Visa Program in 2024, marking a ten per cent increase...
Feb 11, 20252 min read


Cypriot Banks Adjust Interest Rates Amid ECB Cuts, Anticipating Further Reductions
Banks in Cyprus have responded to the European Central Bank’s (ECB) monetary policy decisions by lowering key interest rates, with...
Feb 10, 20253 min read


Cyprus Betting Revenues Increase by 13% in Third Quarter of 2024
Cyprus’ betting industry saw a 13 per cent year-on-year increase in revenues during the third quarter of 2024, according to figures...
Feb 6, 20252 min read


Interest Rate Disparities Between Cyprus and Greece Persist Despite ECB Cuts
Interest rates on deposits and loans continue to show significant differences between Cyprus and Greece, with Cypriot banks generally...
Feb 4, 20252 min read


Cyprus Experiences €977.4 Million Surge in Deposits Amid Loan Growth
Cyprus recorded a significant rise in loans in December 2024, with an increase of €503.2 million, following a decline in the previous...
Jan 30, 20251 min read
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