Cyprus' Collective Investments Reach €10.7 Billion in Managed Assets
Cyprus has achieved a significant milestone in its financial landscape, with collective investments reaching an impressive €10.7 billion...
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Flexi Group
Aug 1, 20232 min read
Cyprus Records Surge in Deposits and Loans in June 2023
Deposits in the Cypriot banking system witnessed a notable surge in June 2023, reaching a total of €52.3 billion, marking the second...
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Flexi Group
Jul 24, 20232 min read
Fitch Ratings: Cypriot Banks' Asset Quality to Remain Stable in 2023
According to Fitch Ratings, the stable quality of Cypriot banks' assets in the second half of 2023 will be supported by positive...
228 views0 comments
Flexi Group
Jul 24, 20232 min read
Greece Raises €3.5 Billion in Successful 15-Year Bond Issue
Greece has achieved a successful return to the capital markets with its completion of a 15-year syndicated bond issue, raising €3.5...
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Flexi Group
Jul 20, 20232 min read
Cypriot Economy Shows Resilience and Positive Indicators, according to Finance Minister
Cypriot Finance Minister Makis Keravnos has reassured the public that the country's economy is on a solid path, despite concerns raised...
1,682 views0 comments
Flexi Group
Jul 13, 20232 min read
Cyprus Property Market Faces Challenges from Rising Interest Rates and Construction Costs
The property market in Cyprus experienced a decline during the second quarter of 2023, with properties sold reaching a total value of...
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Flexi Group
Jul 11, 20232 min read
Surge in New Corporate Loans Drives Total New Loans in Cyprus
According to the Central Bank of Cyprus (CBC), there was a significant surge in new corporate loans exceeding €1 million in May 2023,...
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Flexi Group
Jul 7, 20232 min read
Cyprus Implements Income Tax Exemptions for Non-Residents in Effort to Attract Skilled Professionals
Cyprus has recently enacted an amending law that introduces income tax exemptions for non-residents, with retroactive effect from January...
1,283 views0 comments
Flexi Group
Jul 5, 20231 min read
Cypriot Banking System's Liquidity and Capitalisation Exceed EU Average, says EBA President
The President of the European Banking Authority (EBA), Jose Manuel Campa, commended the liquidity and capitalisation of the Cypriot...
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Flexi Group
Jul 4, 20233 min read
Bank of Greece Projects Acceleration of Economic Recovery and Inflation Easing
The Bank of Greece (BoG) foresees a faster pace of recovery for Greece beyond 2023, with projected growth rates of 2.2% in 2023, 3% in...
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Flexi Group
Jul 3, 20232 min read
Cyprus Ranks Last among EU Countries in Sustainable Development Goals, Urgent Action Needed
Cyprus faces a dire situation as the UN Sustainable Development Solutions Network (SDSN) released its 2023 edition of the "Sustainable...
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Flexi Group
Jun 29, 20232 min read
Cyprus Shipping Chamber Applauds Bangladesh's Ratification of Hong Kong Convention on Ship Recycling
The Cyprus Shipping Chamber (CSC) has expressed its appreciation for Bangladesh's ratification of the Hong Kong Convention on Safe and...
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Flexi Group
Jun 28, 20232 min read
Cyprus Flag in White List of Paris and Tokyo Memoranda, Affirms Deputy Minister for Shipping
The Cypriot flag has secured its place among the flags listed in the white list of the Paris and Tokyo memoranda, announced Deputy...
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Flexi Group
Jun 26, 20232 min read
CGSoft and Ask Wire Partner to Transform Real Estate Industry in Greece and Cyprus
CGSoft, a leading provider of property software solutions, has joined forces with Cypriot fintech firm Ask Wire in a strategic...
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Flexi Group
Jun 26, 20233 min read
Greece's Conservatives Secure Majority in Rightward-Shifted Parliament
Greece's conservative New Democracy party secured a decisive victory in Sunday's parliamentary elections, granting them an outright...
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Flexi Group
Jun 23, 20233 min read
Cyprus' Competitiveness Ranking Declines for Third Consecutive Year
Cyprus has experienced a decline in its competitiveness for the third consecutive year, falling from the 40th position to the 45th among...
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Flexi Group
Jun 16, 20232 min read
Binance Reverses Expansion Plans in Cyprus, Focusing on EU Compliance and Existing Markets
Binance, the largest cryptocurrency exchange globally, has decided to backtrack on its initial plans to expand into Cyprus, despite being...
2,352 views0 comments
Flexi Group
Jun 14, 20231 min read
Bank of Cyprus Issues AT1 Capital Bonds in Euros, Witnessing Strong Demand and Reduced Coupon Rate
According to a report from the Cyprus News Agency (CNA), the issuance of Additional Tier 1 (AT1) capital bonds has generated significant...
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Flexi Group
Jun 9, 20232 min read
Greece Has Already Gained Investment Grade, Analysts Say
Bank analysts have told Reuters that Greek bonds are currently being traded as if Greece has already regained investment-grade status....
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Flexi Group
Jun 9, 20232 min read
AstroBank Launches Program to Support First-Time Homebuyers with Frozen Base Interest Rate
AstroBank, a Cypriot lender, has unveiled a new initiative aimed at assisting vulnerable borrowers by freezing the base interest rate for...
1,799 views0 comments
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