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Cyprus Central Bank Reports €28.35 Billion in Total Assets and Liabilities as of June 2025
The Central Bank of Cyprus (CBC) reported total assets of €28.35 billion as of June 30, 2025, according to the latest financial statement...
Flexi Group
Jul 232 min read
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Cypriot Banking Sector Sees Profitability Dip Despite Asset Growth and Stronger Capital Adequacy
The Cypriot banking sector experienced a drop in profitability during the first quarter of 2025, even as total assets expanded and...
Flexi Group
Jul 182 min read
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UBS Flags Greece Among Europe’s Most Exposed Economies to Trump’s Proposed US Tariffs
In its latest report released on July 15, Swiss multinational financial services firm UBS has placed Greece among the European economies...
Flexi Group
Jul 173 min read
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Cyprus Parliament to Vote on Sanctions Enforcement Bills Amid Revisions and Stakeholder Feedback
The House of Representatives is preparing for a pivotal plenary session on Thursday, during which members will vote on three significant...
Flexi Group
Jul 105 min read
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Cyprus’ Tertiary Sector Sees Broad-Based Expansion in 2023, Driven by Gains Across Services
Cyprus’ tertiary sector delivered a strong performance throughout 2023, with every branch of economic activity registering increases in...
Flexi Group
Jul 92 min read
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Cyprus Administrative Court Overturns Multi-Million Euro Fines Against Vardinogiannis Siblings
In a significant legal victory for Ioannis and Amalia Vardinogiannis, the Administrative Court has annulled the decisions of the Cyprus...
Flexi Group
Jul 72 min read
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Cyprus Property Market Sees Continued Growth in Early 2025, Despite Nicosia Dip
Cyprus’ housing market sustained its upward momentum into the first quarter of 2025, with the general house price index—covering both...
Flexi Group
Jul 43 min read
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Cyprus Establishes National Oversight Mechanism for Foreign Investments Amid Security Concerns
The Cypriot government has taken a decisive step in tightening control over foreign direct investments (FDI) with the formal approval of...
Flexi Group
Jul 32 min read
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Euronext Makes Offer for Athens Stock Exchange, Reflecting Confidence in Greek Market Revival
Euronext, Europe’s largest stock exchange operator, has formally submitted a takeover proposal to the Athex Group, aiming to acquire up...
Flexi Group
Jul 32 min read
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Cyprus Sees Dip in Economic Sentiment Amid Rising Uncertainty in June
The economic climate in Cyprus took a downturn in June 2025, as the Economic Sentiment Indicator (ESI) recorded a slight decline, falling...
Flexi Group
Jul 12 min read
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Cyprus Among EU’s Lowest for Renewable Energy Share in Early 2025, Eurostat Reports
Cyprus continues to lag behind most of its European Union counterparts in renewable energy production, placing fourth lowest among all...
Flexi Group
Jun 232 min read
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CSE Lists €25 Million in New 13-Week Government Treasury Bills Following June Auction
The Cyprus Stock Exchange (CSE) on Tuesday announced the listing of a new series of government treasury bills with a total nominal value...
Flexi Group
Jun 191 min read
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Cyprus and India Stock Exchanges Deepen Ties with New Investment and Listing Initiatives
The Cyprus Stock Exchange (CSE) and the National Stock Exchange of India (NSE) are moving forward with plans to strengthen cooperation...
Flexi Group
Jun 172 min read
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Eurobank Finalizes Full Acquisition of Hellenic Bank; Rebranding to Follow
Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings S.A., has officially completed its acquisition of 100% of Hellenic...
Flexi Group
Jun 132 min read
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Cyprus’ Banking Sector Emerges Stronger Post-Crisis, but Regulatory Shift Needed Across EU
The Cypriot banking system has significantly strengthened since the 2013 financial crisis, becoming more resilient, internationally...
Flexi Group
Jun 125 min read
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European Commission Removes Cyprus from Macroeconomic Imbalance List, Urges Action on Key Challenges
Cyprus is no longer regarded as a country experiencing macroeconomic imbalances, according to the European Commission’s 2025 Spring...
Flexi Group
Jun 54 min read
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UniCredit Strikes Derivatives Deal to Nearly Double Stake in Alpha Bank
UniCredit has taken a decisive step toward significantly boosting its ownership in Greece’s Alpha Bank, revealing on Wednesday that it...
Flexi Group
May 292 min read
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Fitch Affirms Cyprus’ ‘A-’ Rating with Stable Outlook Amid Strong Fiscal Performance and Geopolitical Headwinds
International credit rating agency Fitch has affirmed Cyprus’ long-term foreign currency rating at ‘A-’ with a stable outlook, citing a...
Flexi Group
May 263 min read
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Cyprus Saving Rate to Reach 11% in 2025 Amid Broader EU Stabilisation, Commission Forecasts
The household saving rate in Cyprus is forecast to increase to 11% in 2025, according to the European Commission’s Spring 2025 Economic...
Flexi Group
May 221 min read
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Fitch Revises Greece’s Outlook to Positive as Fiscal Outperformance Exceeds Expectations
Fitch Ratings has upgraded Greece’s Long-Term Foreign-Currency Issuer Default Rating (IDR) Outlook to Positive from Stable, reaffirming...
Flexi Group
May 193 min read
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