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...
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Flexi Group
5 days ago2 min read
Greece May Eliminate Real Estate Investment Option from Golden Visa Program in 2025 to Combat Housing Crisis
Greece is preparing to remove the real estate investment option from its Golden Visa Program as of January 1, 2025, in an effort to...
326 views0 comments
Flexi Group
Nov 112 min read
CySEC Issues Warning on Fraudulent Posts and Impersonation Scams on Legitimate Platforms
The Cyprus Securities and Exchange Commission (CySEC) issued a public alert on Friday, warning of an increase in fraudulent schemes...
314 views0 comments
Flexi Group
Nov 83 min read
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...
537 views0 comments
Flexi Group
Nov 72 min read
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...
292 views0 comments
Flexi Group
Nov 63 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...
283 views0 comments
Flexi Group
Oct 311 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...
273 views0 comments
Flexi Group
Oct 233 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...
577 views0 comments
Flexi Group
Oct 212 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....
290 views0 comments
Flexi Group
Oct 183 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...
614 views0 comments
Flexi Group
Oct 162 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...
309 views0 comments
Flexi Group
Oct 103 min read
Parliamentary Trade Committee Proposes Cancellation of Beneficial Owner Fines, Introduction of €250 One-Time Fee
The Parliamentary Trade Committee is leaning toward a resolution to cancel fines previously imposed for delays in submitting beneficial...
654 views0 comments
Flexi Group
Oct 83 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...
349 views0 comments
Flexi Group
Sep 271 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...
698 views0 comments
Flexi Group
Sep 262 min read
Bank of Cyprus Resumes Trading on Athens Stock Exchange After Seven-Year Hiatus
On Monday, the Bank of Cyprus officially returned to the main market of the Athens Stock Exchange (ATHEX) after a seven-year break. The...
696 views0 comments
Flexi Group
Sep 253 min read
Cyprus Casinos Generate €529.7 Million in Gross Revenue by Mid-2024, Says Gaming Authority
The total gross gaming revenue from casinos in the Republic of Cyprus, from their opening in June 2018 until July 2024, has reached...
401 views0 comments
Flexi Group
Sep 242 min read
Cyprus Forum Promotes Island as Key Business Hub for Lebanese Firms Seeking EU Access
On Monday, the Cyprus Chamber of Commerce and Industry (Keve) and Invest Cyprus co-hosted a forum aimed at positioning Cyprus as a...
376 views0 comments
Flexi Group
Sep 243 min read
Finance Ministry Urges Football Clubs to Settle €35.6 Million in Debt
The Ministry of Finance has sent a stern warning to football clubs participating in the Debt Repayment Plan, instructing them to pay off...
686 views0 comments
Flexi Group
Sep 202 min read
Bank of Cyprus Shares Approved for Listing on Athens Stock Exchange
The necessary conditions for the listing of Bank of Cyprus shares on the Athens Stock Exchange (ATHEX) have been fulfilled, as announced...
617 views0 comments
Flexi Group
Sep 182 min read
Cyprus Among EU Countries with Lowest Poverty Rates, Greece Among Highest
Unlike countries such as Greece, Romania, and Bulgaria, which report high levels of severe material and social deprivation, Cyprus stands...
1,063 views0 comments
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