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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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Cyprus's domestic bond yields are still rising
The yields on domestic bonds issued by the Republic of Cyprus have risen in accordance with the trend in global central banks' interest...
Flexi Group
May 26, 20231 min read
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The Registrar has been given permission to evaluate sanctioned companies
On Friday morning, Registrar of Companies Irini Mylona announced that her office has been given permission to begin with the...
Flexi Group
May 19, 20231 min read
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