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Cyprus: Deductions and Tax Adjustments Announced
Significant changes to Cyprus’s tax system have recently been announced, aiming at modernization and reform. Specifically, the tax-free...
Flexi Group
Feb 271 min read
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Cyprus Property Market Shows Signs of Stabilisation in Q4 2024
The Cyprus property market exhibited stabilising trends in the fourth quarter of 2024, according to the latest RICS Cyprus Property Price...
Flexi Group
Feb 262 min read
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Cyprus Sees Rise in Non-Performing Exposures, Reaching €1.61 Billion in October
Non-performing exposures (NPEs) in Cyprus increased by approximately €16 million in October 2024, bringing the total to €1.61 billion,...
Flexi Group
Feb 251 min read
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Cyprus Set to Gain from Fast-Tracked Gas Development in Block 6, Says Professor
Natural gas extraction from Block 6 of Cyprus’ Exclusive Economic Zone (EEZ) could begin within two to two and a half years, according to...
Flexi Group
Feb 244 min read
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Cyprus Underscores Role as Digital Hub at DCO Assembly, Organisation Outlines 2025-2028 Agenda
The Digital Cooperation Organisation (DCO) successfully concluded its fourth general assembly in Jordan, approving a comprehensive agenda...
Flexi Group
Feb 214 min read
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Bank of Cyprus Reports €508 Million Profit for 2024, Exceeding Financial Targets
The Bank of Cyprus announced its preliminary financial results for 2024 on Tuesday, revealing a profit after tax of €508 million. This...
Flexi Group
Feb 204 min read
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Russia Seizes Assets from Cyprus-Based Companies as Business Owners Face Pressure Over Dual Citizenship
The Russian government has officially transferred ownership of major Russian corporations from Cyprus to Russia, following a wave of...
Flexi Group
Feb 184 min read
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Cyprus Achieves 18% Investment Growth Since Pre-Pandemic, Reports EIB
The European Investment Bank (EIB) Group released its latest investment survey on Wednesday, highlighting significant growth and...
Flexi Group
Feb 142 min read
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CySEC Highlights AI, Fin-Influencers, and Regulatory Demands in 2025 Agenda
The Cyprus Securities and Exchange Commission (CySEC) announced its supervisory priorities for 2025 on Wednesday, emphasizing the...
Flexi Group
Feb 132 min read
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Eurobank increases its ownership in Hellenic Bank to 93.47%, aiming for complete control.
Eurobank announced on Tuesday that it has successfully acquired an additional 37.5 percent stake in Hellenic Bank, increasing its total...
Flexi Group
Feb 123 min read
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Greece Sees Surge in Golden Visa Applications, Processing Backlog Grows
Greek authorities received a total of 9,289 applications for the country’s Golden Visa Program in 2024, marking a ten per cent increase...
Flexi Group
Feb 112 min read
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Cypriot Banks Adjust Interest Rates Amid ECB Cuts, Anticipating Further Reductions
Banks in Cyprus have responded to the European Central Bank’s (ECB) monetary policy decisions by lowering key interest rates, with...
Flexi Group
Feb 103 min read
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Cyprus Betting Revenues Increase by 13% in Third Quarter of 2024
Cyprus’ betting industry saw a 13 per cent year-on-year increase in revenues during the third quarter of 2024, according to figures...
Flexi Group
Feb 62 min read
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Interest Rate Disparities Between Cyprus and Greece Persist Despite ECB Cuts
Interest rates on deposits and loans continue to show significant differences between Cyprus and Greece, with Cypriot banks generally...
Flexi Group
Feb 42 min read
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Cyprus Experiences €977.4 Million Surge in Deposits Amid Loan Growth
Cyprus recorded a significant rise in loans in December 2024, with an increase of €503.2 million, following a decline in the previous...
Flexi Group
Jan 301 min read
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Greek Banks Show Strong Potential for Investors with Optimistic Outlook for 2025
Recent target prices for shares of Greece’s major banks, as set by prominent international investment firms, suggest a favorable...
Flexi Group
Jan 242 min read
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EBA Releases Stress Test Scenarios to Assess Resilience of Cypriot Banks
The European Banking Authority (EBA), working alongside the European Systemic Risk Board, has published macroeconomic scenarios for the...
Flexi Group
Jan 222 min read
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Cyprus Faces Potential Impact from Spain's New Property Tax Regulations
Cyprus may experience significant repercussions from Spain’s recent introduction of new property tax regulations aimed at curbing real...
Flexi Group
Jan 172 min read
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Cypriot Banks Report €952.5 Million in Post-Tax Profits for First Nine Months of 2024
The Central Bank of Cyprus (CBC) has disclosed that Cypriot banks achieved total post-tax profits of €952.5 million during the first nine...
Flexi Group
Jan 151 min read
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Cyprus Aims to Resolve Schengen Membership Technical Issues by Year-End
Cyprus is set to resolve all remaining technical issues necessary to join the Schengen free-travel zone by the end of this year,...
Flexi Group
Jan 132 min read
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