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Russia’s Central Bank Warns of Potential Oil Price Collapse Amid U.S. and OPEC Risks
Russia’s central bank has warned the Kremlin that the United States and OPEC have the capacity to flood the oil market, potentially...
Flexi Group
5 days ago3 min read
158 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
879 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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Binance Secures $2B Investment from Abu Dhabi's MGX in First Institutional Deal
Binance, the world's largest cryptocurrency exchange by trading volume, announced on Wednesday that Abu Dhabi-based investment firm MGX...
Flexi Group
Mar 142 min read
863 views
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Cypriot Businesses Can Apply for €1 Million in RIF Funding for Innovation and Product Development
The Research and Innovation Foundation (RIF) announced on Wednesday that the application process is now open for two major funding...
Flexi Group
Mar 132 min read
295 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
220 views
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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
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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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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 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
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Vietnam Moves to Tighten Policies Against Transfer Pricing and Tax Evasion
Vietnam’s Ministry of Finance has put forward proposals to reform foreign direct investment (FDI) policies in an effort to combat...
Flexi Group
Feb 252 min read
282 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
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UAE Introduces Blue Visa to Recognize Sustainability and Environmental Leaders
The United Arab Emirates has unveiled the Blue Visa, a new 10-year residency permit designed to honor individuals and organizations...
Flexi Group
Feb 242 min read
226 views
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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

Asian Infrastructure Investment Bank Raises US$549 Million in Hong Kong Dollar Bond Sale
The Asian Infrastructure Investment Bank (AIIB) has successfully completed a public Hong Kong dollar-denominated bond issuance, raising...
Flexi Group
Feb 213 min read
1,256 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
179 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
0 comments


Eurobank increases its ownership in Hellenic Bank to 93.47%, aiming for complete control.
Eurobank announced on Tuesday that it has successfully acquired an additional 37.5 percent stake in Hellenic Bank, increasing its total...
Flexi Group
Feb 123 min read
278 views
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