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CySEC Warns Investors Over Unlicensed Financial Platforms

Unregulated Platforms Under Scrutiny

The Cyprus Securities and Exchange Commission (CySEC) has issued an urgent advisory concerning the operations of two online platforms—greymax.net and finotivefunding.com—which lack the necessary authorization to offer investment services under Cypriot law. These platforms operate without affiliation to any licensed entity, thus existing outside the stringent regulatory framework mandated by Article 5 of Law 87(I)/2017.

Investor Due Diligence Imperative

CySEC’s warning underscores the risks associated with engaging with unregulated entities. The commission emphasizes that greymax.net and finotivefunding.com are not subject to the oversight required for regulated investment firms. To mitigate potential exposure to fraud and unauthorized financial practices, investors are strongly advised to confirm the legitimacy of any investment partner by consulting the regulator’s official website at www.cysec.gov.cy, where a comprehensive registry of licensed firms and ongoing investor alerts are readily available.

Safeguarding Market Integrity

This proactive alert reflects CySEC’s broader commitment to enhancing market transparency and protecting retail investors from the pitfalls associated with unregulated operators. In an era where online trading platforms increasingly shape the investment landscape, such measures play a crucial role in fostering a secure and reliable financial ecosystem.

Cyprus Tourism Shows Strength As Clean Monday Hotel Bookings Surge

Hotels Embrace A Bright Outlook

Recent figures point to growing momentum in hotel reservations ahead of the Clean Monday weekend, signaling renewed confidence in Cyprus’ tourism sector. Christos Angelides, Director of PASYXE, emphasized the positive trend while also underscoring the need to gradually extend the tourism season beyond traditional peak months.

Favorable Conditions And Festive Spirit

Angelides noted that bookings recorded during the past weekend reached encouraging levels, a development attributed to multiple converging factors. The return of sunny weather after prolonged rainfall, coupled with the festive aura of carnival events and children’s parades in cities such as Nicosia, Limassol, and Paphos, has motivated many to opt for short getaways. This seasonal momentum is further boosted by the strategic initiatives of local hotels, many of which are curating special menus for Clean Monday events, offering guests an enhanced stay experience by keeping them on-premise.

Positioning For The Off-Season

Despite the positive indicators, Angelides cautioned that average occupancy rates of 25%–30% highlight the need for continued innovation rather than complacency. He described the current period as part of a longer process of building winter tourism and pointed to opportunities in conferences, corporate events and niche travel segments as potential drivers of year-round demand.

Expanding Air Connectivity and Collective Ecosystem

Industry expectations are further supported by expanded air connections from established markets such as the United Kingdom and Israel, alongside increased routes from Armenia, Romania, Bulgaria, Latvia and Poland. While recovery in the German market remains gradual, broader improvements in connectivity continue to strengthen overall tourism prospects. Angelides added that sustainable year-round tourism depends on a wider ecosystem that extends beyond accommodation to include restaurants, museums, cultural venues and community events.

The Path Forward

Cyprus continues to benefit from strong competitive advantages in climate, accessibility and hospitality infrastructure. With coordinated planning across tourism stakeholders and consistent investment in diversified offerings, the sector is positioned to contribute more steadily to the national economy and support a more balanced, all-season travel model.

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