Cyprus Business Now: drilling begins, foreign property buyers, CySEC updates

The number of Management Companies and Undertakings of Collective Investments (UCIs) in Cyprus stood at 323 during the third quarter of 2024, according to the Cyprus Securities and Exchange Commission (CySEC).

Total Assets Under Management (AUM) reached €9.1 billion, recording a decrease of 2.43 per cent since the second quarter of 2024.

When compared to the same period in 2023, there was an increase of 6.08 per cent.

Furthermore, the