The European Commission has announced it will fund new projects costing €171 mln to support migrant reception, asylum and return systems in Cyprus, Italy, Spain, Greece, and Poland. Funding for all countries
The total value of assets under management (AUM) by Collective Funds declined by 3.9% in the first quarter of 2022 over the previous quarter, while Undertakings of Collective Investments (UCIs) supervised by
Commissioner Elisa Ferreira said on Thursday that Cyprus is the first EU state to have its Cohesion Policy programme approved for access to €1 bln in regional development and cohesion funds. Financial
Even as tourism and construction showed weaknesses, the economic performance showed resilience, argued Finance Minister Constantinos Petrides speaking at the 10th AGM of the Cyprus Investments Fund Association (CIFA). Petrides underscored the
Investment funds increased from 257 in December 2021 to 273 in March, but their total assets decreased by 0.55% to €8.692 bln in March, €8.740 bln. According to the Investment Funds statistics from the
Despite the challenges, 2021 was another successful year for the Investment Funds sector in Cyprus; total Assets Under Management (AUM) reached €11.6 bln from €8.6 bln, an annual increase of 34.8%. The
The Cyprus Investment Funds Association welcomes the decision of the global mogul, MUFG Investor Services, to establish a European base in the country. MUFG, the global asset servicing arm of Mitsubishi UFJ
Cyprus and Israel have long-standing political, economic, and social relations. Over the past decade, commercial and tourism ties have also become more substantial, with many Israeli companies investing in Cyprus. At the
In the 42 years of operation in the Cyprus real estate market, we are still learning about wrongdoings and sick mentality. I was criticised by many when I wrote that the main
The European Investment Bank’s €200 mln funding for Cyprus this year is not affected by the crisis triggered when Russia invaded Ukraine, EIB Vice President Lilyana Pavlova said Friday. She said the
