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Fitch Upgrades Hellenic Bank’s Shareholder Support Rating to 'bb' Following Eurobank Stake Increase
Fitch Ratings has upgraded the Shareholder Support Rating (SSR) of Hellenic Bank Public Company Limited (Hellenic Bank) from “bb-” to...
Sep 17, 20242 min read


Greece Expands Golden Visa Program to Include Startup Investments
Greece is set to expand its Golden Visa Program to encompass investments in startups, according to an announcement by Prime Minister...
Sep 16, 20242 min read


Cyprus: A Rising Startup Hub Beyond Tax Incentives
Cyprus, long renowned for its sun-soaked beaches and rich history, is now gaining attention for something quite different: its burgeoning...
Sep 16, 20244 min read


Government Employment in Cyprus Sees 3.9% Growth in 2024
Government employment in Cyprus has experienced a 3.9 per cent rise during the first eight months of 2024, compared to the same period...
Sep 13, 20242 min read


Hellenic Bank Raises €100 Million in Oversubscribed Bond Issuance
Hellenic Bank has successfully completed a €100 million Senior Preferred bond issuance under its €1.5 billion Euro Medium-Term Note...
Sep 12, 20242 min read


Cypriot Lawmakers Call for Revisions or Withdrawal of Bill Increasing Sports Betting Profits Allocation to Football Clubs
This week, Cypriot lawmakers demanded significant changes or the outright withdrawal of a bill that proposes increasing the share of...
Sep 11, 20242 min read


CySEC Launches Campaign to Warn Investors of Increasing Online Scams
The Cyprus Securities and Exchange Commission (CySEC) has announced the launch of a new social media campaign, aiming to protect...
Sep 10, 20242 min read


Cyprus Administrative and Real Estate Services Lead Q2 Growth, Real Estate Rises 10.5%
Administrative, support, and real estate services in Cyprus performed strongly in the second quarter of 2024, according to the latest...
Sep 6, 20242 min read


Cyprus Development Expenses Hit 29% of Budget by End of July
The implementation rate of development expenses from Cyprus’ state budget reached 29 per cent by the end of July, according to a report...
Sep 5, 20244 min read


Cyprus Aims to Reduce Public Debt Below 60% of GDP by 2026 Amid Economic Challenges
Economists have raised concerns about the feasibility of achieving a debt ratio of 50% of GDP, warning that this target is difficult to...
Aug 30, 20243 min read


International Buyers Flock to Greece Before New Golden Visa Rules Take Effect
Greece's recent decision to raise the minimum investment amount required for obtaining a golden visa has triggered a surge in...
Aug 26, 20242 min read


Eurobank Proposes New Board Structure for Hellenic Bank Ahead of General Assembly
Eurobank has revealed the new board members it plans to propose for Hellenic Bank in the lead-up to the general assembly scheduled for...
Aug 26, 20242 min read


Republic of Cyprus to Issue New Three-Month Government Bills on August 26
The Republic of Cyprus is set to issue a new round of government bills on Monday, August 26, with the bills having a three-month duration...
Aug 23, 20241 min read


Cyprus Banks Significantly Reduce Eurosystem Borrowing Following €2.6 Billion in TLTRO Repayments
Cypriot banks have nearly eliminated their borrowing from the Eurosystem through the Targeted Longer-Term Refinancing Operations...
Aug 22, 20242 min read


Cyprus Stock Exchange Suspends Trading for Multiple Companies Over Non-Submission of 2023 Financial Reports
The Cyprus Stock Exchange (CSE) has announced the suspension of trading for several companies listed on both the Regulated Market and the...
Aug 21, 20242 min read


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
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