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CySEC Slaps €740,000 Fine on Exelcius Prime Ltd for Multiple Violations
The Cyprus Securities and Exchange Commission (CySEC) announced on Wednesday the imposition of administrative fines totaling €740,000 on...
Aug 9, 20242 min read


Eurobank Completes Acquisition of Hellenic Bank Shares, Triggers Resignation of Key Board Member
Eurobank, a subsidiary of Eurobank Ergasias Services and Holdings, has successfully concluded its mandatory public offer for the...
Aug 8, 20242 min read


Central Bank of Cyprus Revises GDP Growth Forecast for 2024, Reflecting Limited Impact from Middle East Conflict
The Central Bank of Cyprus (CBC) has adjusted its GDP growth forecast for 2024 upwards to 3 per cent, reflecting an increase of 0.2...
Aug 7, 20243 min read


EAC Advances Plans to Secure Large State Land Plots for PV Parks, Says Director George Petrou
The Electricity Authority of Cyprus (EAC) is progressing with efforts to secure extensive state land plots for the construction of...
Jul 22, 20242 min read


Cyprus Launches "Professional Skills Academy" to Advance Gaming Sector and Player Protection
With a vision to establish Cyprus as a fair and safe hub for development and innovation in the gaming sector, prioritizing player...
Jul 18, 20242 min read


Central Bank of Cyprus Reports Deceleration in House Price Index for Q1 2024
The Central Bank of Cyprus (CBC) has observed a deceleration in the House Price Index (HPI) for both houses and apartments in the first...
Jul 17, 20242 min read


Cyprus Shipping Deputy Ministry Issues Guidelines on EES and ETIAS Obligations for Carriers
The Shipping Deputy Ministry of Cyprus has released a guideline to inform carriers about their obligations under the European Entry-Exit...
Jul 15, 20242 min read


Hellenic Bank Signs Agreement to Acquire CNP Cyprus
Cypriot lender Hellenic Bank has signed an agreement to acquire insurance provider CNP Cyprus, according to an announcement made by the...
Jul 12, 20242 min read


Cyprus’ Assets Under Management Reach €9.1 Billion — €2.4 Billion Invested Locally
The Cyprus Securities and Exchange Commission (CySEC) released its quarterly bulletin on Wednesday, revealing that the number of...
Jul 11, 20242 min read


Economic Council Calls for EU Funding and Proposes Updates to Cyprus' Long-Term Economic Strategy
The long-term strategy for the sustainable development of the Cypriot economy, known as Vision 2035, is set for an update, according to...
Jul 3, 20243 min read


CySEC Approves Eurobank’s Full Acquisition Bid for Hellenic Bank
On June 25, the Cyprus Securities and Exchange Commission (CySEC) approved the publication of the Public Offer Document for Eurobank...
Jun 27, 20242 min read


Cyprus Attracts €9.6 Billion in Oversubscribed 7-Year Bond Issuance
The Republic of Cyprus has successfully garnered offers totalling €9.6 billion from international markets for its newly issued 7-year...
Jun 20, 20241 min read


Central Bank of Cyprus Revises 2024 GDP Growth Forecast Amid Economic Optimism
This week, the Central Bank of Cyprus (CBC) adjusted its GDP growth forecast for 2024 to 3 percent, up from the 2.8 percent projected in...
Jun 19, 20245 min read


Eurobank Cyprus to Reward 1,400 Current Borrowers with Reduced Mortgage Rates
Eurobank Cyprus has announced its plan to reward approximately 1,400 up-to-date mortgage customers by reducing the final interest rate on...
Jun 13, 20241 min read


Greece Launches Platform for Hiring Egyptian Seasonal Workers in Agriculture
As of June 10, 2024, employers in Greece can now submit applications to hire Egyptian seasonal workers in the agricultural sector through...
Jun 12, 20242 min read


Cyprus' European Elections: Elam and Fidias Win Seats, Akel Loses One
The European election results on Sunday brought a mix of celebration, sadness, and shock across Cyprus. For the first time, Elam has...
Jun 10, 20242 min read


Central Bank of Cyprus Reports Decline in Deposit Rates for April
The Central Bank of Cyprus released a report this week indicating a decline in deposit rates for April, with loan interest rates showing...
Jun 7, 20241 min read


Cyprus Reports €20.9 Million Increase in New Loans for April
Cyprus saw a net increase of €20.9 million in new loans in April 2024, according to a recent report from the Central Bank of Cyprus...
Jun 6, 20241 min read


Cyprus Stock Exchange and Hellenic Energy Exchange Collaborate for Green Transition
In a significant move towards supporting Cyprus's green transition objectives, the Cyprus Stock Exchange (CSE) and the Hellenic Energy...
Jun 4, 20241 min read


Limassol Maintains Dominance in High-End Property Sales
In April of this year, the ten most expensive property sales in Cyprus reached an impressive €16.2 million, with Limassol continuing to...
May 31, 20242 min read
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