The Central Bank of Cyprus (CBC) has forecast steady growth for the Cypriot economy in 2025.

The European Investment Fund (EIF) and Eurobank (Cyprus) on Tuesday announced the launch of the first InvestEU Guarantee transaction in Cyprus, unlocking €62.5 million in new financing for small and medium-sized enterprises and start-ups.

Law 132(I)/2023, which entered into force on 12 December 2023, amends the “Sale of Real Estate (Special Execution) Law” and introduces a mechanism designed to protect the buyer when the property is encumbered with charges such as a mortgage or a deposited contract. It enables the transfer of titles, under certain conditions, even if such encumbrances exist, provided that the buyer fulfills his contractual obligations.

This month is shaping up to be the strongest September for tourist arrivals in Cyprus in recent memory, according to Victor Mantovani, honorary president of the Association of Cyprus Travel Agents.

Construction production in the euro area increased by 0.5 per cent in July 2025 compared with June, according to preliminary estimates from Eurostat.

GZG is delighted to announce a groundbreaking legal victory on behalf of our client following a twelve-year pursuit of justice that culminated today with a favorable ruling by the Administrative Court of Appeal in Appeal 25/25. This landmark decision represents not only a personal vindication for our client but also confirms vital precedent regarding the application of fundamental administrative law principles to administrative decisions.

This summer, our firm welcomed a dynamic cohort of over 30 interns eager to learn, explore, and contribute. Once again, the program was defined by multidisciplinary engagement, with participants from a wide range of academic backgrounds — from aspiring lawyers and accountants to IT specialists and digital creatives.

Building applications received by the Larnaca district local government organisation (EOA) increased by 53 per cent in January-July 2025 compared to the same period last year.

On the 2nd September 2025, the Supreme Constitutional Court, in its capacity as the Appellate Judicial Council, issued a groundbreaking judgement concerning an objection by a judge against the decision of the Supreme Court, in its capacity as the First Instance Judicial Council, regarding her transfer from the Nicosia District Court to the Larnaca District Court. This decision is of particular significance, as it sets a precedence for similar cases, defining the standard and extent of the necessary reasoning required in decisions of the Supreme Judicial Council regarding judicial relocation, as well as the criteria considered in this context. Beyond being a significant milestone for the Cypriot legal system due to the creation of judicial precedent on the critical issue of judicial functioning, this decision holds even greater importance for our office, as we were actively involved in the proceedings, representing the Interested Party. The Interested Party in the proceedings was another judge, who, as a result of the transfer of the judge who filed the objection against the Judicial Council's decision to transfer her, would have been transferred to the latter's position—i.e., from the Larnaca district to the Nicosia district.

Cyprus’ airports reached record-breaking levels of passenger traffic in August, with a combined 1.8 million travellers recorded at Larnaca and Paphos.