CYPRUS & GREECE HIGHLIGHTS 7/16

Dec 13, 20232 min read

Cyprus Trade Dynamics: Surging Imports Drive Deficit Amidst October Export Decline

Cyprus has experienced a significant upswing in imports during the period from January to October 2023, registering a notable increase of...

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US Broadens Sanctions Against Russia, Targets Cyprus-Based Entities and Global Networks

Flexi Group

Dec 13, 20232 min read

US Broadens Sanctions Against Russia, Targets Cyprus-Based Entities and Global Networks

In a significant escalation of measures against Russia, the US Office of Foreign Assets Control (OFAC) expanded its sanctions list late...

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Cyprus and France Ratify Updated Double Tax Treaty to Combat Double Taxation and Tax Avoidance

Flexi Group

Dec 12, 20232 min read

Cyprus and France Ratify Updated Double Tax Treaty to Combat Double Taxation and Tax Avoidance

The Ministry of Finance announced on Monday that the Republic of Cyprus and France have ratified an updated double tax treaty, aimed at...

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Digital Integration Surges Among Cypriot Businesses

Flexi Group

Dec 11, 20231 min read

Digital Integration Surges Among Cypriot Businesses

An impressive 79.9% of businesses in Cyprus with 10 or more employees have incorporated social media networks into their operational...

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Greece Plans Visa-on-Arrival Program for Turkish Travelers in Bid to Improve Relations

Flexi Group

Dec 11, 20233 min read

Greece Plans Visa-on-Arrival Program for Turkish Travelers in Bid to Improve Relations

In an effort to mend strained ties with Turkey, Greek authorities are in the process of establishing a one-year visa-on-arrival program...

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Fitch Ratings Confirms Positive Outlook for Republic of Cyprus

Flexi Group

Dec 11, 20232 min read

Fitch Ratings Confirms Positive Outlook for Republic of Cyprus

In a significant development, Fitch Ratings has revised the economic outlook for the Republic of Cyprus from stable to positive, while...

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Cyprus Construction Sector Analysis: Permit Trends Unveil Complex Dynamics and Economic Shifts

Flexi Group

Dec 7, 20232 min read

Cyprus Construction Sector Analysis: Permit Trends Unveil Complex Dynamics and Economic Shifts

During the period from January to September 2023, Cyprus experienced a multifaceted scenario in its construction sector, as revealed by...

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Cyprus Launches Golden Knowledge Programme to Attract Tech Talent

Flexi Group

Dec 7, 20232 min read

Cyprus Launches Golden Knowledge Programme to Attract Tech Talent

Cyprus has launched its Golden Knowledge Programme, a novel initiative designed to attract international tech talent to the island. This...

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Cyprus Companies Suspected in Supplying Military Gear to Russia Face US Sanctions

Flexi Group

Dec 6, 20234 min read

Cyprus Companies Suspected in Supplying Military Gear to Russia Face US Sanctions

Cyprus has found itself entangled in a network allegedly orchestrated by Belgian businessman Hans De Geetere, accused of supplying...

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Navigating Generational Dynamics and Tech Literacy in Cyprus's Evolving Workforce

Flexi Group

Dec 4, 20233 min read

Navigating Generational Dynamics and Tech Literacy in Cyprus's Evolving Workforce

Within Cyprus's dynamic workforce of 2023, the interplay of generational complexities offers both challenges and opportunities....

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Greece Alters Digital Nomad Visa Process, Restricts In-Country Applications

Flexi Group

Dec 4, 20231 min read

Greece Alters Digital Nomad Visa Process, Restricts In-Country Applications

Greece has announced a change in its Digital Nomad Visa application process, effective January 1, 2024. The new policy no longer allows...

288 views0 comments

CySEC and University of Cyprus Collaborate for Financial Literacy: Insights, Initiatives, and Impact

Flexi Group

Dec 4, 20232 min read

CySEC and University of Cyprus Collaborate for Financial Literacy: Insights, Initiatives, and Impact

The collaboration between the Cyprus Securities and Exchange Commission (CySEC) and the University of Cyprus's Faculty of Economics and...

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Nicosia District Real Estate Flourishes: Comprehensive Analysis Reveals Strong Q3 Performance

Flexi Group

Dec 1, 20232 min read

Nicosia District Real Estate Flourishes: Comprehensive Analysis Reveals Strong Q3 Performance

During the third quarter of 2023, the Nicosia district in Cyprus experienced a vibrant real estate market, with residential sales...

587 views0 comments

Cyprus Economic Climate Witnesses Positive Shift in November: CypERC Study

Flexi Group

Nov 30, 20232 min read

Cyprus Economic Climate Witnesses Positive Shift in November: CypERC Study

In a recent study conducted by the University of Cyprus’ Economic Research Centre (CypERC) in collaboration with RAI Consultants Ltd., it...

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Cyprus Unveils Ambitious Sponsorship Programs to Propel Green Energy Innovation

Flexi Group

Nov 29, 20232 min read

Cyprus Unveils Ambitious Sponsorship Programs to Propel Green Energy Innovation

The Research and Innovation Foundation (RIF) in Cyprus has unveiled two comprehensive sponsorship programs aimed at invigorating the...

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Cyprus and Chevron Optimistic About Aphrodite Gas Field Plan, Extraction Expected by 2027-2028

Flexi Group

Nov 28, 20233 min read

Cyprus and Chevron Optimistic About Aphrodite Gas Field Plan, Extraction Expected by 2027-2028

In a significant development, Energy Minister George Papanastasiou has expressed high optimism about the ongoing discussions between the...

673 views0 comments

Cyprus as a Regional Cybersecurity Nexus: Hosting Key Conference to Strengthen Global Defenses

Flexi Group

Nov 27, 20232 min read

Cyprus as a Regional Cybersecurity Nexus: Hosting Key Conference to Strengthen Global Defenses

In a strategic move to become a vital link between the Middle East and Europe in the realm of cybersecurity, Cyprus is set to host the...

589 views0 comments

Cyprus's Credit Rating Upgraded by Scope Ratings

Flexi Group

Nov 23, 20232 min read

Cyprus's Credit Rating Upgraded by Scope Ratings

German rating agency Scope Ratings has upgraded the Republic of Cyprus's long-term rating from BBB to BBB+ with a stable outlook,...

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Hellenic Bank Records Robust 9-Month Profits of €240.7 Million, Bolstered by Strategic Measures

Flexi Group

Nov 22, 20232 min read

Hellenic Bank Records Robust 9-Month Profits of €240.7 Million, Bolstered by Strategic Measures

Hellenic Bank has announced impressive financial results for the first nine months of 2023, revealing an after-tax profit of €240.7...

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Cyprus Economic Indicator Growth Moderates in October 2023 Amid Geopolitical Strain

Flexi Group

Nov 22, 20231 min read

Cyprus Economic Indicator Growth Moderates in October 2023 Amid Geopolitical Strain

Cyprus' economic outlook, as measured by the Composite Leading Economic Index (CLEI), displayed resilience in October 2023 with a 1.5%...

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