5 d. ago New law ushers in ‘new era’ for Cyprus investment funds sector

Cyprus has taken a significant step in strengthening its regulatory framework for investment funds, following the House of Representatives’ approval of the Investment Fund Administrators Law. The move is being hailed by the Cyprus Investment Funds Association (CIFA) as a milestone for the sector and a crucial pillar in enhancing investor protection, transparency and regulatory […]

Politics

8 d. ago XM Limassol Marathon: a new era begins for Cyprus’ largest sports event

The Limassol Marathon, the largest sporting event in Cyprus, has welcomed a valuable new partner. The event will now be known as the XM Limassol Marathon, marking the beginning of a strategic partnership with XM, one of the world’s leading financial services providers. The partnership agreement was officially signed on May 26, 2025 at a […]

Sport

3 w. ago Mutuum Finance (MUTM) pulls in $400K in 72 hours — Analysts say it’s a top Crypto you’ll wish you bought early

In a market packed with noise, some projects quietly build — and then suddenly break out. Mutuum Finance (MUTM) is rapidly gaining recognition as a standout contender in the crypto space. Over the past 72 hours, the project has attracted over $400,000 in new investment, pushing its presale funding past $8.5 million and putting it […]

Economics

3 w. ago Betting market enters new era with launch of Cyprus Online Gaming Association

The establishment of the Cyprus Online Gaming Association (COGA) marks a milestone for the Cypriot online betting market, signalling the beginning of a new era of growth and outward orientation for the sector. The founding members of the Association include Stoiximan, Bet365, and Bet on Alfa — leading providers actively operating in Cyprus. With its […]

Politics

3 w. ago Cyprus regulator issues fine, confirms investment fund liquidation

The Cyprus Securities and Exchange Commission (CySEC) this week issued two separate announcements relating to regulatory action and fund liquidation. In a decision made during its meeting on February 2025, the board of CySEC imposed an administrative fine of €1,250 on Cyprus Investment Firm (CIF) iTrade Global (CY) Ltd. The company, identified by Legal Entity […]

Politics

3 w. ago Cyprus fund sector hits €10.1bn in managed assets — CIFA hails strong growth

The Cyprus Investment Funds Association (CIFA) on Wednesday welcomed the latest results from the Cyprus Securities and Exchange Commission’s (CySEC) quarterly bulletin for the country’s funds sector for the fourth quarter of 2024. CIFA said that the latest update “reflects the steady growth trajectory of the investment funds sector in Cyprus“. Specifically, Cyprus was home […]

Events

3 w. ago US and European funds eye investment in Bank of Cyprus, CEO says

US and European funds eye investment in Bank of Cyprus, CEO says  Philenews

Economics

4 w. ago Cyprus Business Now: EV subsidies, Paphos investments, ERA sale, Hellenic shares

Trading of Hellenic Bank Public Company Ltd shares will be suspended from Thursday, May 15, 2025, following the exercise of a squeeze-out right by Eurobank S.A. The move comes after the Cyprus Securities and Exchange Commission (CySEC) formally recognised Eurobank’s right to proceed with the compulsory acquisition of up to 100 per cent of Hellenic Bank’s issued […]

Economics

4 w. ago Ermes offloads ERA stores to Gencom for €1 in restructuring deal

Ermes Department Stores Plc has reached an agreement to transfer the operations of its four ERA department stores to Gencom Ltd, a Nicosia-based company, for a nominal sum of €1. The decision forms part of Ermes’s wider strategy to exit loss-making ventures and improve its financial health. The agreement has already been approved by Ermes’s […]

Sport