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Central Bank of Cyprus Reports Decline in Deposit and Lending Rates, Surge in Large Corporate Loans
The Central Bank of Cyprus (CBC) announced on Tuesday a decrease in most deposit and lending rates for November, with the notable...
Flexi Group
Jan 82 min read
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CySEC Publishes Practical Guide to Combat Proliferation Financing
The Cyprus Securities and Exchange Commission (CySEC) has released a practical guide designed to assist regulated entities in addressing...
Flexi Group
Dec 24, 20242 min read
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Digital Banking Revolutionizes Cyprus’ Financial Sector
The financial landscape in Cyprus is undergoing a profound transformation as digital banking technologies, collaborations with fintech...
Flexi Group
Dec 18, 20243 min read
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Parliament Approves Betting Tax Increase to Boost Club Revenues
The Plenary Session of Parliament has given its approval to a bill that raises the betting tax to 4.5%, with the intention of directing...
Flexi Group
Dec 12, 20241 min read
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Cyprus Banks Prepared to Adjust Interest Rates Following ECB’s December Meeting
The Association of Cyprus Banks announced on Tuesday that it is ready to immediately adjust interest rates tied to the European Central...
Flexi Group
Dec 11, 20242 min read
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Greece’s Golden Visa Applications Surge by 12% in October, Driven by Strong Demand from Chinese Nationals
Initial applications for Greece’s Golden Visa program experienced a notable increase of 12 percent in October 2024, with 12,577...
Flexi Group
Dec 9, 20242 min read
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Cypriot Economy Achieves ‘A’ Grade Upgrade by Fitch Ratings
The Cypriot economy has been upgraded to grade "A" by Fitch Ratings, a milestone celebrated by President Nikos Christodoulides as a...
Flexi Group
Dec 9, 20241 min read
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Cyprus Faces Tax Policy Shift: The End of the 12.5% Era for Multinationals
The days of the favorable 12.5% corporate tax rate for multinational corporations operating in Cyprus are coming to an end....
Flexi Group
Dec 9, 20243 min read
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Greece’s Golden Visa Applications Surge by 12% in October 2024
The number of initial applications for Greece’s Golden Visa program saw a 12 percent increase in October 2024, with 12,577 applications...
Flexi Group
Dec 6, 20242 min read
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Cyprus Strengthens Foreign Investment Opportunities with Successful Saudi Arabia Mission
Invest Cyprus announced on Wednesday that it successfully concluded a mission to Saudi Arabia, marking a significant step in bolstering...
Flexi Group
Dec 5, 20242 min read
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Cyprus Maintains Economic Stability but Faces Sectoral Risks, EU Report Highlights
The 17th post-programme surveillance mission by European authorities has affirmed Cyprus’ economic and financial stability while drawing...
Flexi Group
Nov 28, 20243 min read
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Cyprus and Greece Launch €2 Million Joint Funding Initiative for Research and Innovation
Cyprus and Greece have unveiled a joint funding initiative worth €2 million aimed at bolstering collaboration in the fields of research,...
Flexi Group
Nov 26, 20241 min read
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Moody's Upgrades Cyprus to Investment Grade After 13 Years, Reflecting Strong Economic Improvement
After 13 years, Cyprus has regained investment grade status, with Moody's upgrading its credit rating to A3 from Baa2, accompanied by a...
Flexi Group
Nov 25, 20242 min read
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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...
Flexi Group
Nov 21, 20242 min read
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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...
Flexi Group
Nov 20, 20241 min read
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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...
Flexi Group
Nov 13, 20242 min read
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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...
Flexi Group
Nov 13, 20242 min read
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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...
Flexi Group
Nov 11, 20242 min read
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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...
Flexi Group
Nov 8, 20243 min read
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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...
Flexi Group
Nov 7, 20242 min read
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