New rewards package from the Greek government based on the energy reserve & refinery surplus profits
The revelations have coincided with the budget debate for 2023 The government conducts "paper exercises" for new benefits using "vehicle"...
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Flexi Group
Dec 8, 20223 min read
Fitch raises the rating of the BOC, noting NPE reduction and the resilience of the Cypriot economy
Fitch Ratings has raised the Bank of Cyprus's Long-Term Issuer Default Rating (IDR) to 'B+' from 'B-' and its Viability Rating (VR) to...
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Flexi Group
Dec 7, 20222 min read
Safe deposit boxes and deposits for black money may be frozen for up to 18 months
The penal code takes effect on November 18, 2022. The Independent Authority for Public Revenue (IAPR)Â would apply strict sanctions on...
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Flexi Group
Dec 6, 20222 min read
The New York Capital Link Forum Will Discuss Greece's Economy and Investments
The prospects for the Greek economy and investments will be discussed at the Capital Link Invest in Greece Forum, which will be place on...
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Flexi Group
Dec 2, 20222 min read
Eurobank will become the majority shareholder of Hellenic Bank
Eurobank announced on Thursday that it has expanded its interest in Hellenic Bank to 26% after reaching a deal to acquire a 13.4%...
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Flexi Group
Dec 2, 20223 min read
Greece has been designated as a European hub for liquefied natural gas
Greece is becoming a European hub for liquefied natural gas (LNG) as demand surges in the aftermath of Ukraine's conflict, Prime Minister...
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Flexi Group
Nov 30, 20222 min read
Huawei will demonstrate sophisticated solutions in Cyprus
Huawei Cyprus announced on Tuesday that Cyprus will be included in the European tour of the Huawei 5G Roadshow 2022, with this year's...
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Flexi Group
Nov 30, 20222 min read
How to Apply in Greece for a Digital Nomad Visa
The Greek government first announced the Greek Digital Nomad Visa in the summer of 2021, allowing remote workers and internet...
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Flexi Group
Nov 30, 20222 min read
Greece's tourism revenues will surpass 2021's budget by €3 billion by year's end.
By the end of this year, according to the Greek Minister of Tourism Vassilis Kikilias, travel-related earnings in Greece will be three...
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Flexi Group
Nov 30, 20223 min read
Vote of confidence for the Cyprus film program
On Tuesday, the national investment agency Invest Cyprus issued a statement congratulating another foreign production for choosing Cyprus...
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Flexi Group
Nov 28, 20222 min read
Countries are gradually blocking access to companies'Â beneficial ownership information
Several countries have already blocked public access to their Registers of Beneficial Ownership. What are Cyprus' next steps? Following...
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Flexi Group
Nov 24, 20222 min read
Cyprus can benefit from previous mining activity
Demetrios Constantinides, a board member of the Cypriot mining business Venus Minerals and an economic geologist, stated earlier this...
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Flexi Group
Nov 23, 20222 min read
CySEC warns investors about impersonation of personnel and phoney websites
The Cyprus Securities and Exchange Commission ("CySEC") has issued a warning to investors regarding impersonation of its officers and...
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Flexi Group
Nov 22, 20221 min read
Cyprus' trade deficit shows a EUR 1.5 billion increase
According to a report released on Monday by the Cyprus Statistical Service, Cyprus' trade deficit was €5.12 billion at the end of the...
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Flexi Group
Nov 22, 20222 min read
Cyprus Consumers' Association advises public on Black Friday sales
In a statement on the approaching Black Friday sale, the Cyprus Consumers' Association urged customers to undertake careful market...
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Flexi Group
Nov 22, 20222 min read
Greece projects a 1.8% growth rate in the budget for 2023
Greece presented its 2023 budget to Parliament, which estimates for growth to slow to 1.8% from an anticipated 5.6% this year. The budget...
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Flexi Group
Nov 18, 20222 min read
Police discover probable crimes involving cooperative loans
In addition to cases involving dubious loan write-offs, police have found several cases in which possible criminal offenses may have been...
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Flexi Group
Nov 18, 20222 min read
IAPR audits for unreported Airbnb income... and steep fines
IAPR is stepping up its efforts to "combing" short-term rental income as the company's turnover for 2022 will approach 1.9 billion euros,...
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Flexi Group
Nov 16, 20222 min read
ASBIS invests €800K in a Cypriot biotech to fuel expansion and develop collagen health products
Promed Bioscience is one of the most promising biotechnology businesses in Cyprus at present. They manufacture collagen-based...
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Flexi Group
Nov 15, 20223 min read
Cyprus renewable energy receives funds to construct an intelligent photovoltaic platform
The globe is transitioning to renewable energy sources, such as photovoltaics (PV), in an effort to mitigate climate change and...
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