Cyprus experienced a significant deceleration in inflation in November 2023, dropping to 1.7 per cent compared to the previous November, marking the lowest rate in the past three months. This decrease was primarily attributed to a reduction in petroleum prices. According to the statistical service, the Consumer Price Index (and consequently inflation) declined by 1.46 units in November 2023, reaching 116.51 units compared to 117.97 units in October 2023. In comparison to November 2022, inflation increased by 1.7 per cent, a rate that stands as the lowest since August and the second lowest in the past 30 months (since May 2021).

The festive season is upon us, and we couldn’t think of a better way to step into Christmas than with a sprinkle of musical magic. This month’s guest is an acclaimed international musical theatre performer, the star of some of our favourite Broadway and West End shows.

The Cyprus Chamber of Commerce and Industry (Keve), in collaboration with the Ministry of Energy, Commerce, and Industry, and the Cyprus-Austria Business Association, organised a business mission, forum, and networking reception in Vienna on December 6.

In recent years, Cyprus has emerged as a promising destination for businesses seeking to innovate and thrive within the dynamic landscape of the European Union

The Republic of Cyprus and France are set to sign a significant agreement on Monday in Nicosia, in an effort to eradicate double taxation concerns and bolster measures against tax avoidance.

National flag carrier Cyprus Airways on Wednesday announced the launch of direct flights between Larnaca and Brussels International Airport, in what is being described as a significant move to boost air connectivity between Cyprus and mainland Europe.

At Elias Neocleous & Co LLC, our people are our greatest strength and pivotal to our firm’s success. Each year, our Lawyer Trainee Programme continues to draw in exceptionally talented graduate entrants, and this year is certainly no different.

Cypriot firm Ask Wire, a real estate data analytics company, which has provided its services to the Cyprus government, systemic banks, insurance companies and investors, this week announced that it has secured a strategic investment from Lars Rasmussen, a prominent figure in the technology industry.

Tourism arrivals to Cyprus this year are expected to almost match the record-breaking levels of 2019, boasting a 21 per cent increase on last year, Deputy Minister of Tourism Costas Koumis has said.

For the 2nd time this year, our firm hosted its voluntary blood donation drive at the Limassol office to raise awareness of the need for ongoing blood donation and to encourage our employees to participate in this vital cause.