The Commissioner for State Aid Control Stella Michaelides on Wednesday published her decision on a scheme for Small and Medium Size Enterprises (SMEs), titled “Circular Economy Project in Small and Medium Enterprises (SMEs)”, according to which the total amount for aid granted has been set at €400,000.

The House Committee on Energy, Trade, Industry and Tourism this week revisited a proposal aimed at abolishing fees for innovative startups, in a bid to boost innovation and entrepreneurship.

Our Managing Partner, George Z. Georgiou has been ranked in general business law and general business law dispute resolution in Chambers and Partners Europe 2024.

In a world marked by technological advancements, shifting job landscapes, and evolving business needs, the traditional hiring paradigm is undergoing a significant transformation. The rise of skills hiring is reshaping how organisations identify, attract, and retain talent, placing a premium on the specific competencies and capabilities individuals bring to the table.

The Bank of Cyprus on Thursday announced that it has acquired a restructured loan portfolio, with a total gross accounting value of €58.4 million, as of December 31, 2022, from state-owned asset management company Kedipes.

The Cyprus Securities and Exchange Commission (CySEC) on Friday announced its active participation in the annual Global Money Week (GMW2024), a pivotal global campaign dedicated to promoting financial literacy, with a special focus on the younger population.

Real estate platform INDEX on Friday released a report designating Larnaca as Cyprus’ key destination for investors and homebuyers seeking profitable ventures in the real estate market, citing a recently conducted analysis of the local property sector.

The Chambers Europe 2024 guide highly recommends our firm and its lawyers for the General Business Law and General Business Law: Dispute Resolution areas in Cyprus. The renowned guide just released its rankings and remarkable feedback from clients; a sample quote is “the lawyers had very strong commercial awareness, especially with regard to new legislative amendments and practical matters.”

Eurobank has surpassed initial expectations with its financial results for the year 2023, setting the stage for a robust business plan spanning 2024 to 2026, with the aim of positioning the group as a regional banking powerhouse.

Companies established prior to 2024 were obligated to pay an annual corporate levy by June of every year amounting to EUR350 according to section 391 of the Companies Law, as introduced during the year 2011 with the Amendment Law 117(I)/2011.