Cyprus’ robust fund framework and status as a top ship management centre place it at the crossroads of alternative credit and maritime financing, according to Michalis Vasiliou, executive director at H.M. Pelagic Partners Ltd and board secretary at at the Cyprus Investment Funds Association (CIFA).

Limassol port operator DP World used the occasion of this year’s world tourism day to reaffirm its “dedication to harnessing tourism’s transformative power for Cyprus’ economy, culture, and environment“.

Cyprus has been ranked second in Europe for improving air connectivity, while also closing 2025 with another strong year for tourism, according to Deputy Minister of Tourism Kostas Koumis.

In a recent judgment, the District Court of Nicosia dismissed an application by the Plaintiff to amend the Statement of Claim, applying the principles set out in the New Civil Procedure Regulations. The Court found that the proposed amendment was not in the interests of justice, taking into account the purpose of the proceedings, the timing of the application and the potential delay, and the prejudice likely to be caused to the opposing parties.

The Cyprus Deputy Ministry of Shipping has issued on 27 August 2025 new Circular 22/2025 in relation to the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers, STCW 78, as amended and in particular with respect to the Issuance of Seafarer’s Endorsements Attesting the Recognition of Non-Cyprus Certificates.

We are thrilled to announce that Elias Neocleous & Co LLC (ENC) has once again been honored with the prestigious title of Cyprus Tax Firm of the Year at the 2025 International Tax Review (ITR) EMEA Awards held in London.

The Central Bank of Cyprus (CBC) has forecast steady growth for the Cypriot economy in 2025.

The European Investment Fund (EIF) and Eurobank (Cyprus) on Tuesday announced the launch of the first InvestEU Guarantee transaction in Cyprus, unlocking €62.5 million in new financing for small and medium-sized enterprises and start-ups.

Law 132(I)/2023, which entered into force on 12 December 2023, amends the “Sale of Real Estate (Special Execution) Law” and introduces a mechanism designed to protect the buyer when the property is encumbered with charges such as a mortgage or a deposited contract. It enables the transfer of titles, under certain conditions, even if such encumbrances exist, provided that the buyer fulfills his contractual obligations.

This month is shaping up to be the strongest September for tourist arrivals in Cyprus in recent memory, according to Victor Mantovani, honorary president of the Association of Cyprus Travel Agents.