We are pleased to note that our two Partners, Mrs. Anna Lamprou and Mr. Kyriakos Pittas, have been personally mentioned in the Legal 500 EMEA 2024 testimonials for their contribution to the practice area of Dispute Resolution in Cyprus.

As CEO of Invest Cyprus, the National Investment Promotion Authority of Cyprus, Marios Tannousis plays a key role in transforming the country into a top choice for international investors.

Cyprus witnessed an increase in house prices during the fourth quarter of 2023, with the House Price Index (HPI) rising by 1.6 per cent during this time, according to a report released on Thursday.

Inflation in Cyprus witnessed a significant deceleration in March 2024, recording the lowest rate of increase in nearly three years, standing at 1.2 per cent year-on-year. This downturn primarily stems from a reduction in electricity and petroleum prices.

The Cabinet this week approved a circular economy scheme for small and medium enterprises (SMEs), following a proposal by a proposal by the Minister of Energy, Commerce and Industry George Papanastasiou.

Agriculture Minister Maria Panayiotou has said that the ministry’s goal is to increase the sector’s contribution to the country’s GDP, combined with enhancing its sustainability to meet domestic demands, and promoting Cypriot products in new markets.

Valentina Georgiadou has been appointed as the new Financial Commissioner, vacating her previous role as Deputy Financial Commissioner.

The Cyprus Statistical Service (Cystat) has released a report showing an increase in the average gross monthly earnings of employees during the fourth quarter of 2023, when compared to the same period in 2022.

The accommodation and food service sector was the second-largest contributor to both the economy and employment in Cyprus in 2021, according to Eurostat, the EU’s statistical service.

Cyprus’ main exports for 2023 included minerals, oil, halloumi cheese, and pharmaceutical products, according to a report by the state’s statistical service (Cystat).