Cyprus Business Now: startup ecosystem, GDP growth, tourism, PwC scheme

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 Identifier (LEI) 213800S1DAWWOXFDGQ42, was found to be in breach of paragraphs 5(d) and 11 of