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Fitch Ratings: Cypriot Banks' Asset Quality to Remain Stable in 2023
According to Fitch Ratings, the stable quality of Cypriot banks' assets in the second half of 2023 will be supported by positive...
Flexi Group
Jul 24, 20232 min read
228 views
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Greece Raises €3.5 Billion in Successful 15-Year Bond Issue
Greece has achieved a successful return to the capital markets with its completion of a 15-year syndicated bond issue, raising €3.5...
Flexi Group
Jul 24, 20232 min read
96 views
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Cypriot Economy Shows Resilience and Positive Indicators, according to Finance Minister
Cypriot Finance Minister Makis Keravnos has reassured the public that the country's economy is on a solid path, despite concerns raised...
Flexi Group
Jul 20, 20232 min read
1,682 views
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Cyprus Property Market Faces Challenges from Rising Interest Rates and Construction Costs
The property market in Cyprus experienced a decline during the second quarter of 2023, with properties sold reaching a total value of...
Flexi Group
Jul 13, 20232 min read
349 views
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Surge in New Corporate Loans Drives Total New Loans in Cyprus
According to the Central Bank of Cyprus (CBC), there was a significant surge in new corporate loans exceeding €1 million in May 2023,...
Flexi Group
Jul 11, 20232 min read
823 views
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Cyprus Implements Income Tax Exemptions for Non-Residents in Effort to Attract Skilled Professionals
Cyprus has recently enacted an amending law that introduces income tax exemptions for non-residents, with retroactive effect from January...
Flexi Group
Jul 7, 20232 min read
1,283 views
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Cypriot Banking System's Liquidity and Capitalisation Exceed EU Average, says EBA President
The President of the European Banking Authority (EBA), Jose Manuel Campa, commended the liquidity and capitalisation of the Cypriot...
Flexi Group
Jul 5, 20231 min read
983 views
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Bank of Greece Projects Acceleration of Economic Recovery and Inflation Easing
The Bank of Greece (BoG) foresees a faster pace of recovery for Greece beyond 2023, with projected growth rates of 2.2% in 2023, 3% in...
Flexi Group
Jul 4, 20233 min read
948 views
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Cyprus Ranks Last among EU Countries in Sustainable Development Goals, Urgent Action Needed
Cyprus faces a dire situation as the UN Sustainable Development Solutions Network (SDSN) released its 2023 edition of the "Sustainable...
Flexi Group
Jul 3, 20232 min read
600 views
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Cyprus Shipping Chamber Applauds Bangladesh's Ratification of Hong Kong Convention on Ship Recycling
The Cyprus Shipping Chamber (CSC) has expressed its appreciation for Bangladesh's ratification of the Hong Kong Convention on Safe and...
Flexi Group
Jun 29, 20232 min read
479 views
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Cyprus Flag in White List of Paris and Tokyo Memoranda, Affirms Deputy Minister for Shipping
The Cypriot flag has secured its place among the flags listed in the white list of the Paris and Tokyo memoranda, announced Deputy...
Flexi Group
Jun 28, 20232 min read
481 views
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CGSoft and Ask Wire Partner to Transform Real Estate Industry in Greece and Cyprus
CGSoft, a leading provider of property software solutions, has joined forces with Cypriot fintech firm Ask Wire in a strategic...
Flexi Group
Jun 26, 20232 min read
305 views
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Greece's Conservatives Secure Majority in Rightward-Shifted Parliament
Greece's conservative New Democracy party secured a decisive victory in Sunday's parliamentary elections, granting them an outright...
Flexi Group
Jun 26, 20233 min read
303 views
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Cyprus' Competitiveness Ranking Declines for Third Consecutive Year
Cyprus has experienced a decline in its competitiveness for the third consecutive year, falling from the 40th position to the 45th among...
Flexi Group
Jun 23, 20233 min read
651 views
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Binance Reverses Expansion Plans in Cyprus, Focusing on EU Compliance and Existing Markets
Binance, the largest cryptocurrency exchange globally, has decided to backtrack on its initial plans to expand into Cyprus, despite being...
Flexi Group
Jun 16, 20232 min read
2,352 views
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Bank of Cyprus Issues AT1 Capital Bonds in Euros, Witnessing Strong Demand and Reduced Coupon Rate
According to a report from the Cyprus News Agency (CNA), the issuance of Additional Tier 1 (AT1) capital bonds has generated significant...
Flexi Group
Jun 14, 20231 min read
347 views
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Greece Has Already Gained Investment Grade, Analysts Say
Bank analysts have told Reuters that Greek bonds are currently being traded as if Greece has already regained investment-grade status....
Flexi Group
Jun 9, 20232 min read
2,140 views
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AstroBank Launches Program to Support First-Time Homebuyers with Frozen Base Interest Rate
AstroBank, a Cypriot lender, has unveiled a new initiative aimed at assisting vulnerable borrowers by freezing the base interest rate for...
Flexi Group
Jun 9, 20232 min read
1,799 views
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Greece's Growth Forecasted at 2.2% in 2023, Emphasizing Fiscal Discipline for Investment Stage
The Organization for Economic Co-operation and Development (OECD) has released a report on Greece, highlighting the importance of fiscal...
Flexi Group
Jun 8, 20233 min read
1,068 views
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The EU's gas policies and their implications for Cyprus
In addition to electricity, the new standards will have an influence on other energy sectors, including transportation, heating, and...
Flexi Group
May 30, 20234 min read
502 views
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