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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


Greek Banks Show Strong Potential for Investors with Optimistic Outlook for 2025
Recent target prices for shares of Greece’s major banks, as set by prominent international investment firms, suggest a favorable...
Jan 24, 20252 min read


EBA Releases Stress Test Scenarios to Assess Resilience of Cypriot Banks
The European Banking Authority (EBA), working alongside the European Systemic Risk Board, has published macroeconomic scenarios for the...
Jan 22, 20252 min read


Cyprus Faces Potential Impact from Spain's New Property Tax Regulations
Cyprus may experience significant repercussions from Spain’s recent introduction of new property tax regulations aimed at curbing real...
Jan 17, 20252 min read


Cypriot Banks Report €952.5 Million in Post-Tax Profits for First Nine Months of 2024
The Central Bank of Cyprus (CBC) has disclosed that Cypriot banks achieved total post-tax profits of €952.5 million during the first nine...
Jan 15, 20251 min read


Cyprus Aims to Resolve Schengen Membership Technical Issues by Year-End
Cyprus is set to resolve all remaining technical issues necessary to join the Schengen free-travel zone by the end of this year,...
Jan 13, 20252 min read


Central Bank of Cyprus Reports Decline in Deposit and Lending Rates, Surge in Large Corporate Loans
The Central Bank of Cyprus (CBC) announced on Tuesday a decrease in most deposit and lending rates for November, with the notable...
Jan 8, 20252 min read


CySEC Publishes Practical Guide to Combat Proliferation Financing
The Cyprus Securities and Exchange Commission (CySEC) has released a practical guide designed to assist regulated entities in addressing...
Dec 24, 20242 min read


Digital Banking Revolutionizes Cyprus’ Financial Sector
The financial landscape in Cyprus is undergoing a profound transformation as digital banking technologies, collaborations with fintech...
Dec 18, 20243 min read


Parliament Approves Betting Tax Increase to Boost Club Revenues
The Plenary Session of Parliament has given its approval to a bill that raises the betting tax to 4.5%, with the intention of directing...
Dec 12, 20241 min read
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