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Flexi Group
Nov 21, 20242 min read
Laiki Bank Completes Full Divestment from Bank of Cyprus
The Bank of Cyprus announced on Wednesday that Cyprus Popular Bank (Laiki) Public Co Ltd, which has been in liquidation, has officially...
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Flexi Group
Nov 20, 20241 min read
Bank of Cyprus Repurchases Shares and Vanguard Wellington Fund Increases Stake
The Bank of Cyprus announced on Tuesday that it has repurchased 50,000 of its ordinary shares, each with a nominal value of €0.10. The...
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Flexi Group
Nov 13, 20242 min read
Cyprus Emerges as a Hub for Investment Funds, Managing €9 Billion in Just Ten Years
"Cyprus has gone from zero to over 330 licensed investment entities managing €9 billion in assets in just a decade," according to Maria...
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Flexi Group
Nov 13, 20242 min read
Greece May Eliminate Real Estate Investment Option from Golden Visa Program in 2025 to Combat Housing Crisis
Greece is preparing to remove the real estate investment option from its Golden Visa Program as of January 1, 2025, in an effort to...
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Flexi Group
Nov 11, 20242 min read
CySEC Issues Warning on Fraudulent Posts and Impersonation Scams on Legitimate Platforms
The Cyprus Securities and Exchange Commission (CySEC) issued a public alert on Friday, warning of an increase in fraudulent schemes...
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Flexi Group
Nov 8, 20243 min read
Hellenic Bank Reports €284 Million Profit in First Nine Months of 2024 Amid Strong Growth and Strategic Expansion
Hellenic Bank announced a post-tax profit of €284 million for the first nine months of 2024, a 28% increase over the same period last...
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Flexi Group
Nov 7, 20242 min read
Cyprus Reduces Deficit to €39 Million in Q2 Amid Significant Revenue Gains
The government of Cyprus reported a considerably reduced deficit of €39 million in the second quarter of 2024, marking a substantial...
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Flexi Group
Nov 6, 20243 min read
Cyprus’ Cooperative Authority Addresses Challenges and Progress in New Nationwide Cooperative Bank Proposal
The head of Cyprus’ Authority of Cooperative Societies, Kypros Protopapas, has expressed concerns about the substantial challenges...
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Flexi Group
Oct 31, 20241 min read
Cyprus Sets Record for August Tourism Revenue, Generating €511.4 Million
Cyprus has achieved its highest recorded tourism revenue for the month of August, bringing in €511.4 million, according to a report...
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Flexi Group
Oct 23, 20243 min read
Eurozone Public Debt Rises to 88.1% of GDP in Q2 2024, Cyprus Leads in Debt Reduction
According to data released by Eurostat, public debt in the eurozone reached 88.1% of GDP in the second quarter of 2024, up slightly from...
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Flexi Group
Oct 21, 20242 min read
How a Cypriot Bank Prevented Barcelona from Falling Victim to €1M Fraud Involving Lewandowski
Barcelona narrowly avoided losing €1 million in a fraud attempt involving Robert Lewandowski, thanks to the vigilance of a Cypriot bank....
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Flexi Group
Oct 18, 20243 min read
Cyprus Prepares to Launch New Cooperative Bank: Aiming to Avoid Past Pitfalls
The Pancyprian Cooperative Promotion Company is actively seeking a contractor to draft a prospectus and issue shares as part of its plan...
614 views
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Flexi Group
Oct 16, 20242 min read
CySEC Reports Collective Investment Sector AUM Reaches €9.4 Billion in Q2 2024
The Cyprus Securities and Exchange Commission (CySEC) announced on Tuesday that the total assets under management (AUM) for the country’s...
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Flexi Group
Oct 10, 20243 min read
Parliamentary Trade Committee Proposes Cancellation of Beneficial Owner Fines, Introduction of €250 One-Time Fee
The Parliamentary Trade Committee is leaning toward a resolution to cancel fines previously imposed for delays in submitting beneficial...
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Flexi Group
Oct 8, 20243 min read
Greek Banks Must Assess Climate Risks and Emission Reductions by Year-End Amid ECB Policy Changes
Greek banks are gearing up to meet new requirements that mandate assessing climate-related risks at all levels and submitting their...
350 views
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Flexi Group
Sep 27, 20241 min read
Greece's HFSF to Begin Sale of Up to 12% Stake in National Bank of Greece Next Week
Greece’s bank bailout fund, the Hellenic Financial Stability Fund (HFSF), is set to initiate the process of selling a stake of up to 12...
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Flexi Group
Sep 26, 20242 min read
Bank of Cyprus Resumes Trading on Athens Stock Exchange After Seven-Year Hiatus
On Monday, the Bank of Cyprus officially returned to the main market of the Athens Stock Exchange (ATHEX) after a seven-year break. The...
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Flexi Group
Sep 25, 20243 min read
Cyprus Casinos Generate €529.7 Million in Gross Revenue by Mid-2024, Says Gaming Authority
The total gross gaming revenue from casinos in the Republic of Cyprus, from their opening in June 2018 until July 2024, has reached...
415 views
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Flexi Group
Sep 24, 20242 min read
Cyprus Forum Promotes Island as Key Business Hub for Lebanese Firms Seeking EU Access
On Monday, the Cyprus Chamber of Commerce and Industry (Keve) and Invest Cyprus co-hosted a forum aimed at positioning Cyprus as a...
376 views
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Flexi Group
Sep 24, 20243 min read
Finance Ministry Urges Football Clubs to Settle €35.6 Million in Debt
The Ministry of Finance has sent a stern warning to football clubs participating in the Debt Repayment Plan, instructing them to pay off...
686 views
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