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Cyprus Economic Sectors Show Turnover Growth in 2024 Driven by Tourism and Technology
In 2024, the turnover of most economic sectors in Cyprus saw an increase, reflecting the broader economic growth of the country,...
Flexi Group
Mar 72 min read
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Cyprus Sees Significant Decline in New Loans Despite Interest Rate Cuts in January 2025
Despite a reduction in interest rates, the volume of new loans in Cyprus saw a notable decline in January 2025, according to data...
Flexi Group
Mar 62 min read
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Cyprus Reports 17% Increase in Tourism Revenue for December 2024
Tourism revenue in Cyprus experienced a notable year-on-year increase of 17 percent in December 2024, according to a report published on...
Flexi Group
Mar 51 min read
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Cyprus Property Market Shows Signs of Stabilisation in Q4 2024
The Cyprus property market exhibited stabilising trends in the fourth quarter of 2024, according to the latest RICS Cyprus Property Price...
Flexi Group
Feb 262 min read
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Cyprus Sees Rise in Non-Performing Exposures, Reaching €1.61 Billion in October
Non-performing exposures (NPEs) in Cyprus increased by approximately €16 million in October 2024, bringing the total to €1.61 billion,...
Flexi Group
Feb 251 min read
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Vietnam Moves to Tighten Policies Against Transfer Pricing and Tax Evasion
Vietnam’s Ministry of Finance has put forward proposals to reform foreign direct investment (FDI) policies in an effort to combat...
Flexi Group
Feb 252 min read
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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...
Flexi Group
Feb 244 min read
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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...
Flexi Group
Feb 242 min read
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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...
Flexi Group
Feb 214 min read
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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...
Flexi Group
Feb 213 min read
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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...
Flexi Group
Feb 204 min read
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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...
Flexi Group
Feb 184 min read
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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...
Flexi Group
Feb 142 min read
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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...
Flexi Group
Feb 123 min read
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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...
Flexi Group
Feb 103 min read
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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...
Flexi Group
Feb 42 min read
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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...
Flexi Group
Jan 301 min read
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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...
Flexi Group
Jan 283 min read
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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...
Flexi Group
Jan 242 min read
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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...
Flexi Group
Jan 222 min read
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