Cyprus’ real estate market continued its robust growth into February, with property sales increasing by 7 per cent year-on-year.

The Judge the District Court of Nicosia issued, on 12th February 2025, an interim court decision, prohibiting, through an interim temporary order, the initiation and/or continuation of the foreclosure procedure of a mortgaged property.

Elias Neocleous & Co LLC is pleased to host an insightful discussion on the latest international tax developments in collaboration with the International Business Structuring Association (IBSA) on Monday, 24 March 2025. This event will bring together leading professionals to examine the evolving tax landscape and explore strategic opportunities for 2025.

The Bank of Cyprus has announced that it has received the Quality Recognition Award from global financial services firm JP Morgan Chase.

Cyprus’ Larnaca and Paphos airports achieved a milestone in passenger traffic during February, surpassing half a million passengers, according to the Transport Ministry.

The Cyprus Securities and Exchange Commission (CySEC) has approved Eurobank’s public offer document for the acquisition of up to 100 per cent of Hellenic Bank’s issued share capital.

Success in today’s business world isn’t just about strategy and ambition—it’s about compliance. As regulations evolve at an unprecedented pace, businesses engaged in cross-border transactions, international banking, and market expansion face growing compliance risks.

Cyprus remains committed to international tax transparency through its ongoing implementation of the Common Reporting Standard (CRS), an OECD initiative designed to facilitate the automatic exchange of financial account information between jurisdictions. As a CRS participant since 2017, Cyprus requires financial institutions to report relevant account holder information to the Cyprus Tax Department (TD) annually.

Former Cyprus Shipping Chamber (CSC) director general Thomas Kazakos has resigned as director of Lordos Hotels (Holdings) Public Limited, effective February 28, 2025.

Tourism revenue in Cyprus saw a significant year-on-year increase of 17 per cent in December 2024, according to a report released on Tuesday by the state statistical service.