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Cyprus’ Tertiary Sector Sees Broad-Based Expansion in 2023, Driven by Gains Across Services
Cyprus’ tertiary sector delivered a strong performance throughout 2023, with every branch of economic activity registering increases in...
Flexi Group
3 days ago2 min read
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Cyprus Property Market Sees Continued Growth in Early 2025, Despite Nicosia Dip
Cyprus’ housing market sustained its upward momentum into the first quarter of 2025, with the general house price index—covering both...
Flexi Group
Jul 43 min read
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Cyprus Establishes National Oversight Mechanism for Foreign Investments Amid Security Concerns
The Cypriot government has taken a decisive step in tightening control over foreign direct investments (FDI) with the formal approval of...
Flexi Group
Jul 32 min read
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Euronext Makes Offer for Athens Stock Exchange, Reflecting Confidence in Greek Market Revival
Euronext, Europe’s largest stock exchange operator, has formally submitted a takeover proposal to the Athex Group, aiming to acquire up...
Flexi Group
Jul 32 min read
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Cyprus Sees Dip in Economic Sentiment Amid Rising Uncertainty in June
The economic climate in Cyprus took a downturn in June 2025, as the Economic Sentiment Indicator (ESI) recorded a slight decline, falling...
Flexi Group
Jul 12 min read
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Central Banks Shift Away from Dollar as Gold, Euro, and Yuan Gain Appeal Amid Geopolitical Upheaval
The custodians of trillions of dollars in global central bank reserves are signaling a significant pivot away from the US dollar, turning...
Flexi Group
Jul 14 min read
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Hedge Fund Leverage Climbs to Five-Year High Amid Market Turbulence, Goldman Sachs Reports
Hedge fund leverage surged to its highest level in five years last week, according to data from Goldman Sachs (GS.N), with investors...
Flexi Group
Jun 242 min read
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Cyprus Among EU’s Lowest for Renewable Energy Share in Early 2025, Eurostat Reports
Cyprus continues to lag behind most of its European Union counterparts in renewable energy production, placing fourth lowest among all...
Flexi Group
Jun 232 min read
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CSE Lists €25 Million in New 13-Week Government Treasury Bills Following June Auction
The Cyprus Stock Exchange (CSE) on Tuesday announced the listing of a new series of government treasury bills with a total nominal value...
Flexi Group
Jun 191 min read
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Wall Street Dips as Middle East Conflict Deepens and G7 Talks Falter; Investors Brace for Central Bank Decisions
Wall Street opened slightly lower on Tuesday as geopolitical tensions in the Middle East intensified and G7 discussions failed to produce...
Flexi Group
Jun 184 min read
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Cyprus and India Stock Exchanges Deepen Ties with New Investment and Listing Initiatives
The Cyprus Stock Exchange (CSE) and the National Stock Exchange of India (NSE) are moving forward with plans to strengthen cooperation...
Flexi Group
Jun 172 min read
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Eurobank Finalizes Full Acquisition of Hellenic Bank; Rebranding to Follow
Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings S.A., has officially completed its acquisition of 100% of Hellenic...
Flexi Group
Jun 132 min read
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Cyprus’ Banking Sector Emerges Stronger Post-Crisis, but Regulatory Shift Needed Across EU
The Cypriot banking system has significantly strengthened since the 2013 financial crisis, becoming more resilient, internationally...
Flexi Group
Jun 125 min read
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World Bank Cuts 2025 Global Growth Forecast, Citing Trade Tensions and Uncertainty
The World Bank has revised its global economic growth forecast for 2025 downward by 0.4 percentage point to 2.3 per cent, warning that...
Flexi Group
Jun 114 min read
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Dollar Trades Softly as Economic Jitters and ECB Rate Cut Weigh on Sentiment
The U.S. dollar held steady in quiet trading on Thursday, subdued by weak economic data that reignited fears of stagnant growth and...
Flexi Group
Jun 53 min read
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Thailand Moves to Embrace Crypto for Tourists Amid Sweeping Financial Overhaul
Thailand is taking decisive steps toward modernising its financial landscape with a bold new initiative: enabling tourists to spend...
Flexi Group
May 303 min read
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UniCredit Strikes Derivatives Deal to Nearly Double Stake in Alpha Bank
UniCredit has taken a decisive step toward significantly boosting its ownership in Greece’s Alpha Bank, revealing on Wednesday that it...
Flexi Group
May 292 min read
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Bunq Integrates Bizum to Bolster Spanish Market Presence Amid Expansion and Crypto Push
Dutch neobank bunq has taken another step in cementing its presence in the Spanish market with the integration of Bizum into its...
Flexi Group
May 292 min read
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S&P Says Israel's Credit Rating Stalled by Gaza War, Could Face Downgrade if Conflict Escalates to Iran
Israel’s sovereign credit rating is unlikely to see an upgrade until the ongoing conflict in Gaza reaches a conclusion, according to...
Flexi Group
May 282 min read
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Fitch Affirms Cyprus’ ‘A-’ Rating with Stable Outlook Amid Strong Fiscal Performance and Geopolitical Headwinds
International credit rating agency Fitch has affirmed Cyprus’ long-term foreign currency rating at ‘A-’ with a stable outlook, citing a...
Flexi Group
May 263 min read
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