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ESMA wants more effective Cyprus supervision on suspicious transactions

ESMA wants more effective Cyprus supervision on suspicious transactions

A peer review report by the European Securities and Markets Authority (ESMA) on how national competent authorities handle suspicious transactions and order reports has found Cyprus, Norway and Romania as non-compliant in their supervision. The recently-published report…

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Job vacancies in Cyprus decrease in third quarter of 2019

Job vacancies in Cyprus decrease in third quarter of 2019

The number of job vacancies in Cyprus in the 3rd quarter of 2019 reached 7,130 and decreased by 537 or 7% compared to the same quarter of the previous year where the number was 7,667.…

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The top five technology predictions for 2020

The top five technology predictions for 2020

Technological innovations are continuing to influence how businesses and society operate in daily life. We now expect on-demand services that are delivered quickly and smoothly and in reaction, companies are devoting considerable investment in technological…

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Real estate sector will see significant instability during 2020

Real estate sector will see significant instability during 2020

While the first half of 2019 recorded a 25% increase over the corresponding period of 2018, Q3 2019 saw a 35% decrease in the total value of transactions, dashing hopes for further growth next year,…

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Cyprus recorded increased annual GDP growth of 3.4% in Q3

Cyprus recorded increased annual GDP growth of 3.4% in Q3

The Finance Ministry welcomed data showing Cyprus’ economy grew at 3.4% GDP in Q3 2019 for the fifth consecutive year saying it was proof of solid foundations.In a statement, the Ministry said estimates of Q3…

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Cyprus economy needs equity investment

Cyprus economy needs equity investment

Since the banking crisis of 2013, the economy of Cyprus has shown impressive resilience and improvement. From negative growth rates, we now have significant and positive growth. From budget deficits, we now have significant primary…

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10 Reasons You Should Invest in Cyprus

10 Reasons You Should Invest in Cyprus

Cyprus a small but dynamic island nation presents not only plenty of investment opportunities but also a favorable business environment. Here is why you can invest with confidence in Cyprus: 1. Strategic Location Cyprus is…

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AE Ventures to Invest in Four new Blockchain Startups

AE Ventures to Invest in Four new Blockchain Startups

 AE Ventures, an investment company that provides initial funding, acceleration, and advisory support to blockchain projects, announced four new Investments in Blockchain Startups as a part of its leading global blockchain accelerator Starfleet. The company is…

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Cyprus Shipping Industry To Use Blockchain to Reduce Bureaucracy & Time-Wasting

Cyprus Shipping Industry To Use Blockchain to Reduce Bureaucracy & Time-Wasting

The shipping industry in Cyprus is considering using innovative tools such as blockchain to carry out its regular activities effectively, smoothly and efficiently. The potential of distributed ledger technology (DLT) has attracted several giant investors,…

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A new crypto debit card makes its debut in Europe

A new crypto debit card makes its debut in Europe

Residents of the European Union (EU) have a new option for spending their cryptocurrency holdings. An online crypto exchange called Jubiter has announced the introduction of a crypto-based debit card that can reportedly be used…

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