top of page
Search


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...
Flexi Group
Nov 25, 20242 min read
Â
Â
Â


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...
Flexi Group
Nov 22, 20242 min read
Â
Â
Â


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...
Flexi Group
Nov 21, 20242 min read
Â
Â
Â


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...
Flexi Group
Nov 20, 20241 min read
Â
Â
Â


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...
Flexi Group
Nov 13, 20242 min read
Â
Â
Â


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...
Flexi Group
Nov 8, 20243 min read
Â
Â
Â


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...
Flexi Group
Nov 7, 20242 min read
Â
Â
Â


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...
Flexi Group
Nov 7, 20243 min read
Â
Â
Â


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...
Flexi Group
Nov 6, 20243 min read
Â
Â
Â


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...
Flexi Group
Nov 1, 20242 min read
Â
Â
Â


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...
Flexi Group
Oct 31, 20243 min read
Â
Â
Â


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...
Flexi Group
Oct 31, 20241 min read
Â
Â
Â


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...
Flexi Group
Oct 24, 20242 min read
Â
Â
Â


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...
Flexi Group
Oct 23, 20243 min read
Â
Â
Â


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....
Flexi Group
Oct 21, 20242 min read
Â
Â
Â


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...
Flexi Group
Oct 18, 20243 min read
Â
Â
Â


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...
Flexi Group
Oct 18, 20243 min read
Â
Â
Â


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...
Flexi Group
Oct 16, 20242 min read
Â
Â
Â


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...
Flexi Group
Oct 15, 20242 min read
Â
Â
Â


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...
Flexi Group
Oct 14, 20242 min read
Â
Â
Â
bottom of page
.png)
.png)


