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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...
Nov 7, 20242 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...
Nov 7, 20243 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...
Nov 6, 20243 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...
Nov 1, 20242 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...
Oct 31, 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...
Oct 31, 20241 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...
Oct 24, 20242 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...
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....
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...
Oct 18, 20243 min read


The Super-Rich Are Growing in Numbers: What Does It Now Mean to Be Wealthy?
For most people, $30 million is an unimaginable fortune. However, for the ultra-high-net-worth individuals (UHNWIs), it's becoming...
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...
Oct 16, 20242 min read


Bitcoin Eyes $63.5K as China’s Fiscal Stimulus Fails to Impress, Reducing Capital Shift
Bitcoin (BTC) has once again attempted to secure a position above $63,000 this Saturday, after China's much-anticipated fiscal stimulus...
Oct 15, 20242 min read


Sterling Stuck Near One-Month Low After UK GDP Data
The British pound remained near a one-month low against the U.S. dollar on Friday, with little movement following data that showed the UK...
Oct 14, 20242 min read


Brazilian Experts Urge Reconsideration of Digital Tax, Advocate for Alternative Measures
Local experts in Brazil are calling for a reconsideration of the proposed digital tax on big tech companies, suggesting that other...
Oct 9, 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...
Oct 8, 20243 min read


Hong Kong Stocks Reach 32-Month High as Wall Street Banks Boost China Market Confidence
Hong Kong stocks extended their three-week rally to hit a 32-month high, with the Hang Seng Index climbing 1.2 percent to 22,997.26 by...
Oct 7, 20242 min read


Oil Prices Surge 3% After Iran Fires Missiles at Israel Amid Middle East Tensions
Oil prices jumped approximately 3% on Tuesday following Iran’s launch of ballistic missiles at Israel in response to Israel's offensive...
Oct 2, 20242 min read


Blockchain Revolutionizes Africa’s Payment Landscape with Innovative Financial Solutions
Blockchain technology is rapidly transforming the global payments landscape, offering innovative solutions to long-standing challenges,...
Sep 30, 20244 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...
Sep 27, 20241 min read
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