We are excited to share that Elias Neocleous & Co LLC (ENC) has once again earned a Tier 1 Ranking in three distinguished categories, Tax, Tax Controversy and Transfer Pricing in ITR World Tax Rankings 2025, a leading global guide to top-tier tax firms. Significantly, ENC continues to be the sole firm among Cyprus’ law firms and Big Four accounting firms to achieve recognition across all three categories.

With the ever-increasing role of Artificial Intelligence (AI) into our daily lives, the EU has earlier this summer adopted Regulation (EU) 2024/1689 of the European Parliament and of the Council of 13 June 2024 laying down harmonised rules on artificial intelligence (known as the “AI Act”). The AI Act is the first-ever, robust legal framework on AI which addresses the risks involved in AI and sets clear rules on AI system requirements and uses.

The University of Cyprus’ Economics Research Centre (CypERC) is entering the second phase of its tax reform project, it emerged on Monday, after it had been tasked to come up with a series of proposals by the government.

The Cyprus regional finals of the Startup World Cup 2024 are set to take place on Thursday, August 29, at the BrainRocket premises in Limassol.

The Cypriot economy is on an upward trajectory and displaying resilience, Finance Minister Makis Keravnos said on Friday, after briefing the Cabinet on the semi-annual fiscal policy report.

The Research and Innovation Foundation (RIF) has announced a new €6 million funding programme aimed at fostering collaboration between businesses and research organisations across Cyprus.

Larnaca and Paphos airports saw a 4.5 per cent rise in passenger numbers in the first seven months of 2024, compared to last year, according to Maria Kouroupi, Director of Aviation Development and Communications at Hermes Airports.

The Environment Department this week announced an extension of the application deadline for a grant scheme aiming to encourage businesses in Cyprus to reduce their gas emissions.

The development of the Larnaca marina and port will be split into two separate projects, Transport Minister Alexis Vafeades said on Thursday, referring to works estimated to cost up to €30 million plus VAT.

We are proud sponsors of the second edition of SEEA (South Eastern Europe Arbitration Conference) to be held in Vienna on 26 September.