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Flexi Group
1 day ago2 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...
568 views0 comments
Flexi Group
3 days ago2 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...
368 views0 comments
Flexi Group
Jan 172 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...
894 views0 comments
Flexi Group
Jan 151 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...
316 views0 comments
Flexi Group
Jan 132 min read
Cyprus Aims to Resolve Schengen Membership Technical Issues by Year-End
Cyprus is set to resolve all remaining technical issues necessary to join the Schengen free-travel zone by the end of this year,...
310 views0 comments
Flexi Group
Jan 82 min read
Central Bank of Cyprus Reports Decline in Deposit and Lending Rates, Surge in Large Corporate Loans
The Central Bank of Cyprus (CBC) announced on Tuesday a decrease in most deposit and lending rates for November, with the notable...
568 views0 comments
Flexi Group
Dec 24, 20242 min read
CySEC Publishes Practical Guide to Combat Proliferation Financing
The Cyprus Securities and Exchange Commission (CySEC) has released a practical guide designed to assist regulated entities in addressing...
124 views0 comments
Flexi Group
Dec 18, 20243 min read
Digital Banking Revolutionizes Cyprus’ Financial Sector
The financial landscape in Cyprus is undergoing a profound transformation as digital banking technologies, collaborations with fintech...
363 views0 comments
Flexi Group
Dec 12, 20241 min read
Parliament Approves Betting Tax Increase to Boost Club Revenues
The Plenary Session of Parliament has given its approval to a bill that raises the betting tax to 4.5%, with the intention of directing...
217 views0 comments
Flexi Group
Dec 11, 20242 min read
Cyprus Banks Prepared to Adjust Interest Rates Following ECB’s December Meeting
The Association of Cyprus Banks announced on Tuesday that it is ready to immediately adjust interest rates tied to the European Central...
500 views0 comments
Flexi Group
Dec 9, 20242 min read
Greece’s Golden Visa Applications Surge by 12% in October, Driven by Strong Demand from Chinese Nationals
Initial applications for Greece’s Golden Visa program experienced a notable increase of 12 percent in October 2024, with 12,577...
272 views0 comments
Flexi Group
Dec 9, 20241 min read
Cypriot Economy Achieves ‘A’ Grade Upgrade by Fitch Ratings
The Cypriot economy has been upgraded to grade "A" by Fitch Ratings, a milestone celebrated by President Nikos Christodoulides as a...
285 views0 comments
Flexi Group
Dec 9, 20243 min read
Cyprus Faces Tax Policy Shift: The End of the 12.5% Era for Multinationals
The days of the favorable 12.5% corporate tax rate for multinational corporations operating in Cyprus are coming to an end....
636 views0 comments
Flexi Group
Dec 6, 20242 min read
Greece’s Golden Visa Applications Surge by 12% in October 2024
The number of initial applications for Greece’s Golden Visa program saw a 12 percent increase in October 2024, with 12,577 applications...
612 views0 comments
Flexi Group
Dec 5, 20242 min read
Cyprus Strengthens Foreign Investment Opportunities with Successful Saudi Arabia Mission
Invest Cyprus announced on Wednesday that it successfully concluded a mission to Saudi Arabia, marking a significant step in bolstering...
473 views0 comments
Flexi Group
Nov 28, 20243 min read
Cyprus Maintains Economic Stability but Faces Sectoral Risks, EU Report Highlights
The 17th post-programme surveillance mission by European authorities has affirmed Cyprus’ economic and financial stability while drawing...
292 views0 comments
Flexi Group
Nov 26, 20241 min read
Cyprus and Greece Launch €2 Million Joint Funding Initiative for Research and Innovation
Cyprus and Greece have unveiled a joint funding initiative worth €2 million aimed at bolstering collaboration in the fields of research,...
286 views0 comments
Flexi Group
Nov 25, 20242 min read
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...
281 views0 comments
Flexi Group
Nov 21, 20242 min read
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...
298 views0 comments
Flexi Group
Nov 20, 20241 min read
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...
414 views0 comments
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