Cyprus Banks Significantly Reduce Eurosystem Borrowing Following €2.6 Billion in TLTRO Repayments
Cypriot banks have nearly eliminated their borrowing from the Eurosystem through the Targeted Longer-Term Refinancing Operations...
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Flexi Group
Aug 212 min read
Cyprus Stock Exchange Suspends Trading for Multiple Companies Over Non-Submission of 2023 Financial Reports
The Cyprus Stock Exchange (CSE) has announced the suspension of trading for several companies listed on both the Regulated Market and the...
736 views0 comments
Flexi Group
Aug 92 min read
CySEC Slaps €740,000 Fine on Exelcius Prime Ltd for Multiple Violations
The Cyprus Securities and Exchange Commission (CySEC) announced on Wednesday the imposition of administrative fines totaling €740,000 on...
713 views0 comments
Flexi Group
Aug 82 min read
Eurobank Completes Acquisition of Hellenic Bank Shares, Triggers Resignation of Key Board Member
Eurobank, a subsidiary of Eurobank Ergasias Services and Holdings, has successfully concluded its mandatory public offer for the...
350 views0 comments
Flexi Group
Aug 73 min read
Central Bank of Cyprus Revises GDP Growth Forecast for 2024, Reflecting Limited Impact from Middle East Conflict
The Central Bank of Cyprus (CBC) has adjusted its GDP growth forecast for 2024 upwards to 3 per cent, reflecting an increase of 0.2...
311 views0 comments
Flexi Group
Jul 222 min read
EAC Advances Plans to Secure Large State Land Plots for PV Parks, Says Director George Petrou
The Electricity Authority of Cyprus (EAC) is progressing with efforts to secure extensive state land plots for the construction of...
295 views0 comments
Flexi Group
Jul 182 min read
Cyprus Launches "Professional Skills Academy" to Advance Gaming Sector and Player Protection
With a vision to establish Cyprus as a fair and safe hub for development and innovation in the gaming sector, prioritizing player...
425 views0 comments
Flexi Group
Jul 172 min read
Central Bank of Cyprus Reports Deceleration in House Price Index for Q1 2024
The Central Bank of Cyprus (CBC) has observed a deceleration in the House Price Index (HPI) for both houses and apartments in the first...
424 views0 comments
Flexi Group
Jul 152 min read
Cyprus Shipping Deputy Ministry Issues Guidelines on EES and ETIAS Obligations for Carriers
The Shipping Deputy Ministry of Cyprus has released a guideline to inform carriers about their obligations under the European Entry-Exit...
303 views0 comments
Flexi Group
Jul 122 min read
Hellenic Bank Signs Agreement to Acquire CNP Cyprus
Cypriot lender Hellenic Bank has signed an agreement to acquire insurance provider CNP Cyprus, according to an announcement made by the...
371 views0 comments
Flexi Group
Jul 112 min read
Cyprus’ Assets Under Management Reach €9.1 Billion — €2.4 Billion Invested Locally
The Cyprus Securities and Exchange Commission (CySEC) released its quarterly bulletin on Wednesday, revealing that the number of...
308 views0 comments
Flexi Group
Jul 33 min read
Economic Council Calls for EU Funding and Proposes Updates to Cyprus' Long-Term Economic Strategy
The long-term strategy for the sustainable development of the Cypriot economy, known as Vision 2035, is set for an update, according to...
339 views0 comments
Flexi Group
Jun 272 min read
CySEC Approves Eurobank’s Full Acquisition Bid for Hellenic Bank
On June 25, the Cyprus Securities and Exchange Commission (CySEC) approved the publication of the Public Offer Document for Eurobank...
293 views0 comments
Flexi Group
Jun 201 min read
Cyprus Attracts €9.6 Billion in Oversubscribed 7-Year Bond Issuance
The Republic of Cyprus has successfully garnered offers totalling €9.6 billion from international markets for its newly issued 7-year...
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Flexi Group
Jun 195 min read
Central Bank of Cyprus Revises 2024 GDP Growth Forecast Amid Economic Optimism
This week, the Central Bank of Cyprus (CBC) adjusted its GDP growth forecast for 2024 to 3 percent, up from the 2.8 percent projected in...
677 views0 comments
Flexi Group
Jun 131 min read
Eurobank Cyprus to Reward 1,400 Current Borrowers with Reduced Mortgage Rates
Eurobank Cyprus has announced its plan to reward approximately 1,400 up-to-date mortgage customers by reducing the final interest rate on...
278 views0 comments
Flexi Group
Jun 122 min read
Greece Launches Platform for Hiring Egyptian Seasonal Workers in Agriculture
As of June 10, 2024, employers in Greece can now submit applications to hire Egyptian seasonal workers in the agricultural sector through...
298 views0 comments
Flexi Group
Jun 102 min read
Cyprus' European Elections: Elam and Fidias Win Seats, Akel Loses One
The European election results on Sunday brought a mix of celebration, sadness, and shock across Cyprus. For the first time, Elam has...
314 views0 comments
Flexi Group
Jun 71 min read
Central Bank of Cyprus Reports Decline in Deposit Rates for April
The Central Bank of Cyprus released a report this week indicating a decline in deposit rates for April, with loan interest rates showing...
673 views0 comments
Flexi Group
Jun 61 min read
Cyprus Reports €20.9 Million Increase in New Loans for April
Cyprus saw a net increase of €20.9 million in new loans in April 2024, according to a recent report from the Central Bank of Cyprus...
506 views0 comments
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