The Central Bank of Cyprus (CBC) has released new data on average interest rates and loan volumes for August 2025, highlighting a slowdown in lending activity and contrasting trends in borrowing costs across different sectors.

Cyprus’ tourism sector in 2025 is expected to perform similarly to the levels recorded in 2024, according to the president of the Cyprus hoteliers association (Pasyxe) Thanos Michaelides.

In his interview at INSIDER magazine, Elias Neocleous, our Managing Partner, emphasizes that Corporate Social Responsibility (CSR) is a core element of the firm’s identity and strategy, extending far beyond philanthropy to include quality, ethics, sustainability, and innovation.

Deputy Minister of Shipping Marina Hadjimanolis on Tuesday said that Cyprus aims to strengthen its shipping cluster and registry, an objective that will be further explored at the upcoming Maritime Cyprus 2025 conference.

Cyprus’ robust fund framework and status as a top ship management centre place it at the crossroads of alternative credit and maritime financing, according to Michalis Vasiliou, executive director at H.M. Pelagic Partners Ltd and board secretary at at the Cyprus Investment Funds Association (CIFA).

Limassol port operator DP World used the occasion of this year’s world tourism day to reaffirm its “dedication to harnessing tourism’s transformative power for Cyprus’ economy, culture, and environment“.

Cyprus has been ranked second in Europe for improving air connectivity, while also closing 2025 with another strong year for tourism, according to Deputy Minister of Tourism Kostas Koumis.

In a recent judgment, the District Court of Nicosia dismissed an application by the Plaintiff to amend the Statement of Claim, applying the principles set out in the New Civil Procedure Regulations. The Court found that the proposed amendment was not in the interests of justice, taking into account the purpose of the proceedings, the timing of the application and the potential delay, and the prejudice likely to be caused to the opposing parties.

The Cyprus Deputy Ministry of Shipping has issued on 27 August 2025 new Circular 22/2025 in relation to the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers, STCW 78, as amended and in particular with respect to the Issuance of Seafarer’s Endorsements Attesting the Recognition of Non-Cyprus Certificates.

We are thrilled to announce that Elias Neocleous & Co LLC (ENC) has once again been honored with the prestigious title of Cyprus Tax Firm of the Year at the 2025 International Tax Review (ITR) EMEA Awards held in London.