Bitcoin Breaks $100,000 Barrier Following Trump's SEC Pick Announcement
In an unprecedented milestone, Bitcoin, the world's leading cryptocurrency by market capitalization, surged past the $100,000 mark in...
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Flexi Group
11 hours ago2 min read
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...
172 views0 comments
Flexi Group
Nov 283 min read
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...
292 views0 comments
Flexi Group
Nov 282 min read
Australia Approves OECD’s Pillar Two Minimum Corporate Tax Rate
In a landmark decision, Australia’s Senate has passed three critical bills with amendments to implement the OECD’s global minimum...
594 views0 comments
Flexi Group
Nov 273 min read
The Role of Artificial Intelligence in the Post-Pandemic Global Economy
In the wake of the pandemic, the global economy is grappling with sluggish growth, persistent inflation, slow progress on sustainability,...
417 views0 comments
Flexi Group
Nov 261 min read
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,...
286 views0 comments
Flexi Group
Nov 252 min read
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...
280 views0 comments
Flexi Group
Nov 222 min read
IMF Urges Malta to Expedite Implementation of Global Minimum Tax
The International Monetary Fund (IMF) has recommended that Malta accelerate its adoption of the OECD’s global minimum tax on...
1,171 views0 comments
Flexi Group
Nov 212 min read
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...
296 views0 comments
Flexi Group
Nov 201 min read
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...
414 views0 comments
Flexi Group
Nov 132 min read
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...
330 views0 comments
Flexi Group
Nov 83 min read
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...
538 views0 comments
Flexi Group
Nov 72 min read
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...
292 views0 comments
Flexi Group
Nov 73 min read
Bulgari CEO Expects Chinese Consumers to Drive Luxury Growth as Economy Recovers, Eyes New Store Openings
Italian luxury brand Bulgari, part of the LVMH group, is gearing up to expand its store network across mainland China, banking on strong...
290 views0 comments
Flexi Group
Nov 63 min read
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...
283 views0 comments
Flexi Group
Nov 12 min read
European Commission Proposes Streamlined Pillar Two Filing System for Multinationals in the EU
On October 28, the European Commission unveiled a proposal aimed at simplifying the reporting obligations of multinationals operating...
1,458 views0 comments
Flexi Group
Oct 313 min read
EU Investments in China Reach Record $3.9 Billion Despite Rising Trade Tensions
Despite increasing calls by EU leaders to "de-risk" economic ties with China, greenfield investments by European businesses in the...
296 views0 comments
Flexi Group
Oct 311 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...
273 views0 comments
Flexi Group
Oct 242 min read
Hong Kong and Mainland China Stocks Fall Amid Lowered Expectations for Fed Rate Cuts
Hong Kong and mainland China stocks dropped after an overnight decline in major U.S. stock indices, driven by diminishing expectations...
145 views0 comments
Flexi Group
Oct 233 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...
577 views0 comments
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