Cyprus Business Now

Cyprus Business Now

In Q3 of 2023, the Cyprus Securities and Exchange Commission (CySEC) directed 335 Collective Investment Organisation Management Companies, with €8.6 billion in Assets Under Management. This marked a slight increase from the previous quarter. Notably, 59 per cent of these assets came from Alternative Investment Fund Managers. UCITS primarily invested in Transferable Securities, while investments in Private […]

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Cyprus photographer captures

Cyprus photographer captures

Patient Cyprus photographer captures the perfect shot Rare sightings of the Red Sprite weather phenomenon were caught on camera this week by a patient Cyprus photographer who spent over seven hours getting the perfect shot. On Wednesday night photographer George Paraskevaides managed to capture the Red Sprites off the Famagusta coast. They are large-scale electric […]

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Cyprus approves €18 million budget

Cyprus approves €18 million budget

Cyprus approves €18 million budget to boost tourism arrivals The Cypriot government is expected to spend approximately €18 million on airline and travel agency incentives for the entirety of 2023, after a recent approval by the House of Representatives, as part of an ongoing effort to boost tourism arrivals to the island. The decision, disclosed […]

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