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CySEC Warns Against Unlicensed Investment Websites and Fines Streams Financial Services
The Cyprus Securities and Exchange Commission (CySEC) has this week issued a stark warning to investors concerning a number of...
Flexi Group
6 days ago2 min read
140 views
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Cyprus Manufacturing Sector Proves Resilient Amid Global Challenges, Says Oev
Despite ongoing structural hurdles, Cyprus’ manufacturing sector has once again shown its ability to weather international instability,...
Flexi Group
Apr 143 min read
286 views
0 comments


New Loan Volume in Cyprus Drops by 22.8% in February, Interest Rates Show Mixed Trends
The volume of new loans issued in Cyprus experienced a sharp decline of 22.8% in February 2025, reaching €246.1 million, down from €318.7...
Flexi Group
Apr 42 min read
506 views
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Cyprus Opens Applications for Digital Nomad Visa Programme
Scheme Aims to Boost Local Business Ecosystem The Migration Department has officially opened applications for residence permits under the...
Flexi Group
Mar 283 min read
1,132 views
0 comments


Cyprus Parliament to Vote on Casino Cash Exemption Amid Concerns Over Money Laundering
While it is no longer possible to purchase real estate, cars, or yachts with large amounts of cash, a proposed exception could allow...
Flexi Group
Mar 274 min read
654 views
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Hellenic Bank’s Merger with Eurobank Enters Final Phase as Cyprus Banking and Insurance Sectors Consolidate
Hellenic Bank is making significant strides in a dual integration process that will see both its banking and insurance operations undergo...
Flexi Group
Mar 214 min read
880 views
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Cyprus Inflation Rises by 2.3% in February, Driven by Leisure and Hotels
Cyprus experienced a 2.3% year-on-year increase in its Harmonised Consumer Price Index (HCPI) in February 2025, according to data...
Flexi Group
Mar 201 min read
278 views
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CySEC Conducts 850 Audits and Imposes €2.76 Million in Fines in 2024
The Cyprus Securities and Exchange Commission (CySEC) presented its key regulatory activities and market oversight initiatives during a...
Flexi Group
Mar 123 min read
224 views
0 comments


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
616 views
0 comments


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
74 views
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ICPAC Develops Structured Approach to Draft Official Tax Reform Document
The Institute of Certified Public Accountants of Cyprus (ICPAC) has established a structured process for drafting an official document...
Flexi Group
Mar 62 min read
113 views
0 comments


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
250 views
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Cyprus: Deductions and Tax Adjustments Announced
Significant changes to Cyprus’s tax system have recently been announced, aiming at modernization and reform. Specifically, the tax-free...
Flexi Group
Feb 271 min read
881 views
0 comments


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
309 views
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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
400 views
0 comments


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
225 views
0 comments


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
1,178 views
0 comments


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
488 views
0 comments


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
187 views
0 comments


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
316 views
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