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CYPRUS: Revenue from betting increased by 24% YoY in Q3 2022.
The gross betting revenue of class A and B receivers (land-based and online betting) increased by 24% year over year in the third quarter...
Flexi Group
Dec 29, 20222 min read
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The ECB revokes the RCB's banking license
On Thursday, the European Central Bank (ECB) announced that it had withdrawn Cyprus RCB Bank Ltd banking license. The choice was made...
Flexi Group
Dec 27, 20221 min read
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What the New Migration Changes in Germany Mean for Third-Country Citizens
The revisions to the law on the right of residence and asylum for third-country citizens who are already in Germany were approved by...
Flexi Group
Dec 21, 20224 min read
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The Central Bank has launched a new effort to assist fintech startups
The Central Bank of Cyprus (CBC) announced the establishment of a new Innovation Hub in the field of financial technology (fintech) on...
Flexi Group
Dec 21, 20222 min read
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Regional beverages titan moves to Cyprus
Kassatly Group Holding, a significant regional beverage business, announced plans to relocate to the island by the end of next year....
Flexi Group
Dec 20, 20222 min read
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JP Morgan completes its share purchase of Greece's Viva Wallet
The 48.5 percent acquisition of Greek fintech firm Viva Wallet by American banking behemoth JP Morgan has been completed following a...
Flexi Group
Dec 19, 20221 min read
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Hellenic Bank's upgrading by the agency and appreciation for its leaner design
This week, Capital Intelligence Ratings (CI Ratings) revealed that it had raised Hellenic Bank's (HB) Long-Term Foreign Currency Rating...
Flexi Group
Dec 16, 20222 min read
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Cyprus watchdog will continue suspending FTX's EU license.
According to a spokeswoman, the Cyprus Securities Regulator will meet next week to discuss whether to extend suspending FTX EU's license....
Flexi Group
Dec 14, 20221 min read
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Greece is on track to become Europe's second-largest producer of olive oil
According to a recent research report, Greece is on track to surpass Italy and become Europe's second-largest olive oil producer after...
Flexi Group
Dec 12, 20222 min read
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HackAdTech has opened its doors to IT professionals in Cyprus.
Teams created incredible solutions to improve living in Cyprus and the AdTech sector. We saw board ads in downtown Limassol a few months...
Flexi Group
Dec 9, 20223 min read
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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"...
Flexi Group
Dec 8, 20222 min read
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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...
Flexi Group
Dec 8, 20223 min read
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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...
Flexi Group
Dec 7, 20222 min read
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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...
Flexi Group
Dec 6, 20222 min read
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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%...
Flexi Group
Dec 2, 20222 min read
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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...
Flexi Group
Dec 2, 20223 min read
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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...
Flexi Group
Nov 30, 20222 min read
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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...
Flexi Group
Nov 30, 20222 min read
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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...
Flexi Group
Nov 30, 20222 min read
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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...
Flexi Group
Nov 30, 20223 min read
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