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Flexi Group
22 hours ago3 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...
262 views0 comments

Flexi Group
2 days ago2 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...
289 views0 comments

Flexi Group
3 days ago3 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...
285 views0 comments

Flexi Group
7 days ago2 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...
221 views0 comments

Flexi Group
Feb 42 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...
295 views0 comments

Flexi Group
Jan 301 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...
305 views0 comments

Flexi Group
Jan 242 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...
1,561 views0 comments

Flexi Group
Jan 222 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...
370 views0 comments

Flexi Group
Jan 172 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...
894 views0 comments

Flexi Group
Jan 151 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...
316 views0 comments

Flexi Group
Jan 132 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,...
311 views0 comments

Flexi Group
Jan 82 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...
568 views0 comments

Flexi Group
Dec 24, 20242 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...
124 views0 comments

Flexi Group
Dec 18, 20243 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...
363 views0 comments

Flexi Group
Dec 12, 20241 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...
217 views0 comments

Flexi Group
Dec 11, 20242 min read
Cyprus Banks Prepared to Adjust Interest Rates Following ECB’s December Meeting
The Association of Cyprus Banks announced on Tuesday that it is ready to immediately adjust interest rates tied to the European Central...
500 views0 comments

Flexi Group
Dec 9, 20242 min read
Greece’s Golden Visa Applications Surge by 12% in October, Driven by Strong Demand from Chinese Nationals
Initial applications for Greece’s Golden Visa program experienced a notable increase of 12 percent in October 2024, with 12,577...
272 views0 comments

Flexi Group
Dec 9, 20241 min read
Cypriot Economy Achieves ‘A’ Grade Upgrade by Fitch Ratings
The Cypriot economy has been upgraded to grade "A" by Fitch Ratings, a milestone celebrated by President Nikos Christodoulides as a...
285 views0 comments

Flexi Group
Dec 9, 20243 min read
Cyprus Faces Tax Policy Shift: The End of the 12.5% Era for Multinationals
The days of the favorable 12.5% corporate tax rate for multinational corporations operating in Cyprus are coming to an end....
636 views0 comments

Flexi Group
Dec 6, 20242 min read
Greece’s Golden Visa Applications Surge by 12% in October 2024
The number of initial applications for Greece’s Golden Visa program saw a 12 percent increase in October 2024, with 12,577 applications...
613 views0 comments
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