top of page
All Articles


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...
Feb 24, 20254 min read


UAE Introduces Blue Visa to Recognize Sustainability and Environmental Leaders
The United Arab Emirates has unveiled the Blue Visa, a new 10-year residency permit designed to honor individuals and organizations...
Feb 24, 20252 min read


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...
Feb 21, 20254 min read


Asian Infrastructure Investment Bank Raises US$549 Million in Hong Kong Dollar Bond Sale
The Asian Infrastructure Investment Bank (AIIB) has successfully completed a public Hong Kong dollar-denominated bond issuance, raising...
Feb 21, 20253 min read


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...
Feb 20, 20254 min read


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...
Feb 18, 20254 min read


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...
Feb 14, 20252 min read


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...
Feb 12, 20253 min read


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...
Feb 10, 20253 min read


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...
Feb 4, 20252 min read


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...
Jan 30, 20251 min read


Hong Kong Stocks Rally as UBS Predicts $236 Billion Fund Inflows Amid Chinese Market Support Measures
Hong Kong stocks climbed on Monday, positioning the Hang Seng Index for a winning month, as investors responded positively to China's...
Jan 28, 20253 min read


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...
Jan 24, 20252 min read


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...
Jan 22, 20252 min read


Hong Kong Stocks Rally Following Positive Dialogue Between Trump and Xi
Tech Leaders JD.com, Alibaba, and Baidu Drive Gains Amid Hopes of Improved US-China Relations Hong Kong stocks surged on Monday after a...
Jan 21, 20252 min read


Trump Announces Creation of External Revenue Service to Collect Tariffs and Duties
President-elect Donald Trump has announced the creation of an External Revenue Service (ERS) that will be tasked with collecting tariffs,...
Jan 20, 20252 min read


JPMorgan Reports Record Annual Profit Boosted by Market Recovery
JPMorgan Chase (JPM.N) has announced record-breaking annual profits, driven by a surge in market activity during the fourth quarter. The...
Jan 20, 20251 min read


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...
Jan 17, 20252 min read


Tax Systems Launches Pillar2 Software to Simplify OECD Pillar Two Compliance
Global tech provider Tax Systems has introduced a new software solution, Pillar2, aimed at helping businesses save time and minimize...
Jan 16, 20253 min read


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...
Jan 15, 20251 min read
bottom of page
