Fitch Ratings has upgraded the Long-Term Issuer Default Rating (IDR) of the Bank of Cyprus (BoC) to BBB- from BB+, assigning a positive outlook.

The Deputy Ministry of Shipping is advancing plans to construct new headquarters on the site of the former ‘Nemitsas’ factory in Limassol, following recently introduced public investment procedures.

Tourist arrivals in Cyprus recorded a year-on-year increase of 7 per cent in February 2025, with an additional 32,865 visitors arriving on the island during the first two months of the year.

The accounting profession is changing fast especially in 2025, there are opportunities and challenges for accountants. While the demand for accounting and auditing skills is growing (especially in Malta and Cyprus), professionals in this field are facing many hurdles that affect their job satisfaction, career growth and overall wellbeing. In this article we will explore the key challenges accountants face and get practical solutions to them.

Elias Neocleous & Co LLC is proud to sponsor and participate in the Legal 500 GC Summit, taking place in Cyprus on 18 March 2025 at the Hilton Hotel in Nicosia.

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.