Cyprus Sees Significant Reduction in Household Debt, Improved Financial Health
The Central Bank of Cyprus (CBC) has reported that household debt in Cyprus has experienced a substantial reduction, declining to 69% of...
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Flexi Group
Oct 30, 20232 min read
Cyprus Real Estate Market Shows Resilience Amidst Challenges
The real estate market in Cyprus is displaying resilience despite facing numerous challenges, including rising loan interest rates,...
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Flexi Group
Oct 27, 20231 min read
Cyprus Sees Deposit Recovery and Modest Loan Growth in September 2023
In a report released by the Central Bank of Cyprus (CBC), it was revealed that the total value of deposits in Cyprus experienced a...
623 views0 comments
Flexi Group
Oct 26, 20232 min read
Cyprus President Affirms Commitment to Resilient Economy at IIFA Gala Dinner
President Nikos Christodoulides of Cyprus has reaffirmed the government's dedication to constructing a resilient economy centered on...
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Flexi Group
Oct 25, 20232 min read
CySEC Issues Warning to Investment Firms in Cyprus on Regulatory Compliance
The Cyprus Securities and Exchange Commission (CySEC) has issued a stern warning to board members of Cyprus Investment Firms (CIFs),...
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Flexi Group
Oct 24, 20232 min read
Cyprus Faces Urgent Housing Crisis, Calls for Immediate Action
Cyprus is grappling with a pressing housing crisis that demands immediate attention, according to Marinos Kineyirou, the president of the...
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Flexi Group
Oct 23, 20233 min read
Cyprus Finance Minister Affirms Commitment to Boost Administrative Services Sector
Finance Minister Makis Keravnos has reiterated the government's strong commitment to bolstering the administrative services sector in...
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Flexi Group
Oct 20, 20232 min read
Bank of Cyprus CEO Envisions Cyprus as a Thriving Business Hub, Emphasizing Sustainable Growth
Bank of Cyprus CEO Panicos Nicolaou shared his vision for Cyprus as a thriving business hub in the region during the seventh Business...
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Flexi Group
Oct 19, 20231 min read
Cyprus Records 4.3% Year-on-Year Increase in Consumer Prices in September 2023
In September 2023, Cyprus witnessed a 4.3 percent increase in the Harmonised Index of Consumer Prices (HICP) compared to the same month...
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Flexi Group
Oct 19, 20232 min read
World Investor Week 2023: A Successful Global Initiative Promoting Financial Literacy
World Investor Week 2023 (WIW2023) has drawn to a successful close with extensive participation from numerous countries and...
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Flexi Group
Oct 18, 20232 min read
Cyprus Commits to Embrace Technology and Digitization in Governance
Cyprus is doubling down on its commitment to integrating technology and digitization into its governance and policy-making, underlining...
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Flexi Group
Oct 16, 20232 min read
Cyprus-Based CEO Yotam Werzansky-Orland Recognized Among World's Top IP Strategists
Yotam Werzansky-Orland, the CEO of KWO Strategy Ltd., based in Cyprus, has achieved recognition as one of the world's top 300 innovation...
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Flexi Group
Oct 12, 20232 min read
Alpha Bank Cyprus Announces Management Reorganization and Expansion
Alpha Bank Cyprus has recently undergone a reorganization of its management structure and expanded its executive committee, with the goal...
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Flexi Group
Oct 12, 20232 min read
IMF Projects Positive Fiscal Outlook for Cyprus, Anticipates Reduced Debt
The International Monetary Fund (IMF) has released a favorable fiscal outlook for Cyprus, predicting substantial primary surpluses and a...
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Flexi Group
Oct 11, 20232 min read
European Shipping at a Critical Juncture: Cyprus Union of Shipowners Addresses Challenges
Cyprus Union of Shipowners' President, Andreas Hadjiyiannis, recently discussed the challenges confronting European shipping during the...
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Flexi Group
Oct 10, 20232 min read
DP World Limassol Aims to Position Cyprus as a Hub for Oil and Gas Operations
DP World Limassol, the port management company overseeing Limassol port, is strategically positioning itself as a prime service centre...
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Flexi Group
Oct 6, 20233 min read
Cyprus: A Maritime Powerhouse Embraces Sustainability
In the vibrant waters of the Eastern Mediterranean, the Cypriot shipping industry has long been a maritime powerhouse, both historically...
1,203 views0 comments
Flexi Group
Oct 5, 20232 min read
Cyprus has seen a notable improvement in its non-performing loans (NPLs) situation, with a decrease.
Cyprus has seen a notable improvement in its non-performing loans (NPLs) situation, with a decrease of €83 million reported at the end of...
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Flexi Group
Oct 4, 20231 min read
Cyprus Records 7% Annual Increase in Salaries
Recent data released by the Statistical Service reveals a noteworthy surge in earnings within Cyprus, with a nominal average increase of...
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Flexi Group
Oct 3, 20232 min read
OPAP Contests €24.5m Greek Fine for EU Competition Rule Breach
The fine stems from complaints filed by the Hellenic Cooperative of Professional Lotteries, accusing OPAP of unfairly implementing...
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