We are pleased to share, that our legal team successfully handled the enforcement at common law, of a BVI judgement of approximately USD 90.000.000, against a former sales manager, of a large Russian Group, representing sums which he had misappropriated, during his employment, through the use of a wide network of overseas companies, including Cypriot entities.

In a recent Appellate Court judgement, it has been inter alia held that:

Cyprus maintained one of the strongest fiscal positions in the European Union in 2025, according to figures from Eurostat, recording a budget surplus while most member states posted deficits.

Cyprus tourism stakeholders struck a slightly more upbeat note this week after an expanded meeting at the Deputy Ministry of Tourism, saying recent weeks had brought more encouraging signals even as the sector continued to grapple with weaker demand. 

We are honoured to highlight the outstanding recognition of our Executive Chairman, Stavros Pavlou, in The Legal 500 EMEA 2026 rankings.

Salary benchmarking is the process by which organisations identify, track, and compare salary levels for similar roles in the market in order to determine appropriate pay packages for their employees. From an HR perspective, salary benchmarking is a critical tool for evaluating how competitive an organisation’s pay and benefits are when measured against those offered by competitors.

Cyprus has implemented targeted tax reforms effective from 1 January 2026, updating key areas of corporate taxation, personal taxation, dividend taxation, and tax residency rules. The Cyprus Tax Guide 2026 provides a clear and structured overview of the current tax framework, including applicable rates, exemptions, and compliance obligations.

Elias Neocleous & Co LLC has once again reinforced its position as the leading law firm in Cyprus, achieving Tier 1 rankings across all nine practice areas in the Legal 500 Europe, Middle East & Africa (EMEA) 2026 guide.

Our Executive Chairman, Stavros Pavlou, will participate as a speaker in the advanced course “Mastering International Arbitration: Theory, Practice and Strategy”.

Omitting salary information from job postings is no longer just a common practice, it can create barriers to trust, fairness, and equal opportunity. While GRS Recruitment does not currently list salaries on job adverts, we are working closely with clients to provide salary benchmarking, ensuring they are prepared to comply with the EU Pay Transparency Directive when it takes effect.