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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...
Flexi Group
Dec 6, 20242 min read
614 views
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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...
Flexi Group
Dec 5, 20242 min read
474 views
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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...
Flexi Group
Nov 28, 20243 min read
292 views
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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,...
Flexi Group
Nov 26, 20241 min read
286 views
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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
281 views
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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
302 views
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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
414 views
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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
332 views
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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...
Flexi Group
Nov 13, 20242 min read
328 views
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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...
Flexi Group
Nov 11, 20242 min read
314 views
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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
538 views
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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
292 views
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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
285 views
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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
273 views
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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
579 views
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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
290 views
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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
615 views
0 comments


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
310 views
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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...
Flexi Group
Oct 10, 20243 min read
654 views
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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...
Flexi Group
Oct 8, 20243 min read
350 views
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