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Cyprus's Credit Rating Upgraded by Scope Ratings
German rating agency Scope Ratings has upgraded the Republic of Cyprus's long-term rating from BBB to BBB+ with a stable outlook,...
Flexi Group
Nov 23, 20232 min read
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Hellenic Bank Records Robust 9-Month Profits of €240.7 Million, Bolstered by Strategic Measures
Hellenic Bank has announced impressive financial results for the first nine months of 2023, revealing an after-tax profit of €240.7...
Flexi Group
Nov 22, 20232 min read
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Cyprus Economic Indicator Growth Moderates in October 2023 Amid Geopolitical Strain
Cyprus' economic outlook, as measured by the Composite Leading Economic Index (CLEI), displayed resilience in October 2023 with a 1.5%...
Flexi Group
Nov 22, 20231 min read
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Cyprus Real Estate Council Cracks Down on Illicit Practices and Urges Sector Efficiency
The Cyprus Council for Registration of Real Estate Agents has recently taken a bold and uncompromising stance against any collaboration...
Flexi Group
Nov 21, 20234 min read
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Cyprus Investment Organizations Experience Asset Fluctuations Despite Numerical Surge in Q3 2023
The third quarter of 2023 witnessed a notable increase in the number of investment organizations in Cyprus, surging by 4.6%, as reported...
Flexi Group
Nov 20, 20231 min read
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Cyprus Reports 2.5% Economic Growth in Q3 2023
The Cypriot economy demonstrated a growth rate of 2.5% in the third quarter of 2023 compared to the same period in the previous year....
Flexi Group
Nov 16, 20231 min read
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Cyprus Woos Tech and Innovation: Minister Highlights Strategic Advantages and Growth in UK Trade
In London on Tuesday, Cyprus' Minister of Energy, Commerce, and Industry, George Papanastasiou, positioned the Mediterranean nation as an...
Flexi Group
Nov 15, 20231 min read
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Greece to Sell 20% Stake in National Bank Amid Banking Sector Overhaul
Greece has unveiled its plans to divest from the country's banking sector, announcing the sale of a 20% stake in the National Bank of...
Flexi Group
Nov 14, 20232 min read
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Bank of Cyprus: Robust Q3 2023 Profits and Upgraded Credit Rating
Bank of Cyprus has announced robust financial results for the nine months ending September 30, 2023, with an after-tax profit of €349...
Flexi Group
Nov 14, 20232 min read
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Cyprus Calls for Business Ideas Aligned with Vision 2035, Emphasizes Sustainable Development
Invest Cyprus President Evgenios Evgeniou has called on the Cypriot business community to contribute ideas in line with the priorities of...
Flexi Group
Nov 10, 20231 min read
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Comprehensive Measures Proposed by Cyprus Council to Tackle Affordable Housing Crisis
The Cyprus Economy and Competitiveness Council (Soak) has presented a robust set of measures and recommendations aimed at addressing the...
Flexi Group
Nov 9, 20232 min read
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EU Updates List of Non-Cooperative Countries for Tax Purposes: Implications for Cyprus Businesses
The European Council has recently made significant changes to the EU list of non-cooperative countries for tax purposes, impacting...
Flexi Group
Nov 8, 20232 min read
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New Loans in Cyprus Reach €578 Million in September 2023
In Cyprus, new loans surged to €578 million in September 2023, marking a notable increase of €52.3 million compared to the previous...
Flexi Group
Nov 7, 20232 min read
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Cyprus Retail Trade Turnover Shows Robust Growth in September
The Retail Trade Turnover Index in Cyprus has registered a notable increase of 8.6% compared to the same month in the previous year, as...
Flexi Group
Nov 6, 20232 min read
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Cyprus Aims for Energy Independence and Regional Leadership Amidst Growing Energy Challenges
Cyprus is actively working toward achieving energy independence, according to the country's Energy Minister, George Papanastasiou....
Flexi Group
Nov 3, 20232 min read
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Cyprus Reports Strong Surplus for First Three Quarters of 2023
The Cypriot government has revealed a robust surplus of €931.6 million for the period spanning January to September 2023, according to...
Flexi Group
Nov 2, 20232 min read
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Cyprus Sees Significant Reduction in Household Debt, Improved Financial Health
The Central Bank of Cyprus (CBC) has reported that household debt in Cyprus has experienced a substantial reduction, declining to 69% of...
Flexi Group
Nov 1, 20232 min read
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Cyprus Real Estate Market Shows Resilience Amidst Challenges
The real estate market in Cyprus is displaying resilience despite facing numerous challenges, including rising loan interest rates,...
Flexi Group
Oct 30, 20232 min read
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Cyprus Sees Deposit Recovery and Modest Loan Growth in September 2023
In a report released by the Central Bank of Cyprus (CBC), it was revealed that the total value of deposits in Cyprus experienced a...
Flexi Group
Oct 27, 20231 min read
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Cyprus President Affirms Commitment to Resilient Economy at IIFA Gala Dinner
President Nikos Christodoulides of Cyprus has reaffirmed the government's dedication to constructing a resilient economy centered on...
Flexi Group
Oct 26, 20232 min read
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