Minister of Interior Nicos Nouris has invited the international investment and business community to choose Cyprus, stating that the country’s government has “a clear vision on how to develop business”, with the aim to establish Cyprus “as a prosperous, reliable and competitive destination, keen on providing the conditions under which any investor can thrive."

Social protection benefits expenditure as a percentage of GDP between 2019 and 2020 has increased in almost all EU Member States, with the largest jump recorded in Cyprus and estimated at +2.2%.

The prospects for the further strengthening and utilisation of the trade relations between Cyprus and Greece were showcased at the ‘Doing Business in Cyprus – COVID 19 Challenges and Opportunities’ online seminar.

The European Commission’s VAT committee has approved the government’s proposal to cut VAT on household electricity bills, the finance ministry announced on Monday.

Bureau Veritas has set the record straight as far as protected halloumi production controls in the breakaway northern Cyprus will be carried out by the audit and certification services body, Philenews reports.

Despite a state-sponsored staycation scheme for Cypriots only about 80 hoteliers have decided to stay open this winter – that is, from December 1, 2021 to March 31, 2022.

In the English case Stockman Interhold S.A. -v- Arricano Real Estate PLC (2017) EWHC 2909, the Court summarized the applicable legal principles for setting aside an arbitral award for fraud, as follows:

The IMD World Competitiveness Ranking is a worldwide reference point on the competitiveness of countries measured against a set of factors, including economic performance, Government efficiency, business efficiency, and infrastructure. In the rankings for 2021, Cyprus has positioned 33rd overall, with a notable 13th place in economic performance.

Global Restructuring Review (GRR) has just released its 2021 guide to the world’s leading law firms for cross-border restructuring and insolvency matters. Global Restructuring Review is the world’s only daily news and analysis service on cross-border restructuring and insolvency law and we are delighted to report that for the third successive year Elias Neocleous & Co LLC has been included its elite GRR 100 list.

Major infrastructure projects will go ahead as planned in the next year, including the Paphos-Polis highway and the installation of charging stations for electric cars, the transport minister said Monday.