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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...
Flexi Group
Nov 6, 20243 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...
Flexi Group
Oct 31, 20241 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...
Flexi Group
Oct 23, 20243 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....
Flexi Group
Oct 21, 20242 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...
Flexi Group
Oct 18, 20243 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...
Flexi Group
Oct 16, 20242 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...
Flexi Group
Oct 10, 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...
Flexi Group
Oct 8, 20243 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...
Flexi Group
Sep 27, 20241 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...
Flexi Group
Sep 26, 20242 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...
Flexi Group
Sep 25, 20243 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...
Flexi Group
Sep 24, 20242 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...
Flexi Group
Sep 24, 20243 min read


Bank of Cyprus Shares Approved for Listing on Athens Stock Exchange
The necessary conditions for the listing of Bank of Cyprus shares on the Athens Stock Exchange (ATHEX) have been fulfilled, as announced...
Flexi Group
Sep 20, 20242 min read


Cyprus Among EU Countries with Lowest Poverty Rates, Greece Among Highest
Unlike countries such as Greece, Romania, and Bulgaria, which report high levels of severe material and social deprivation, Cyprus stands...
Flexi Group
Sep 18, 20242 min read


Fitch Upgrades Hellenic Bank’s Shareholder Support Rating to 'bb' Following Eurobank Stake Increase
Fitch Ratings has upgraded the Shareholder Support Rating (SSR) of Hellenic Bank Public Company Limited (Hellenic Bank) from “bb-” to...
Flexi Group
Sep 17, 20242 min read


Greece Expands Golden Visa Program to Include Startup Investments
Greece is set to expand its Golden Visa Program to encompass investments in startups, according to an announcement by Prime Minister...
Flexi Group
Sep 16, 20242 min read


Cyprus: A Rising Startup Hub Beyond Tax Incentives
Cyprus, long renowned for its sun-soaked beaches and rich history, is now gaining attention for something quite different: its burgeoning...
Flexi Group
Sep 16, 20244 min read


Government Employment in Cyprus Sees 3.9% Growth in 2024
Government employment in Cyprus has experienced a 3.9 per cent rise during the first eight months of 2024, compared to the same period...
Flexi Group
Sep 13, 20242 min read


Hellenic Bank Raises €100 Million in Oversubscribed Bond Issuance
Hellenic Bank has successfully completed a €100 million Senior Preferred bond issuance under its €1.5 billion Euro Medium-Term Note...
Flexi Group
Sep 12, 20242 min read
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