The European Commission this week released a report noting that Cyprus’ economy is on a healthy trajectory, expecting both GDP to grow and inflation to decrease.

The Department of Registrar of Companies this week said that annual fees for companies registered with it are abolished from 2024 onwards, however, annual fees for the years 2011-2023 continue to apply.

In the context of harmonising Cypriot legislation with European guidelines and directives aimed at improving working conditions and promoting work-life balance, various laws have been enacted in Cyprus to achieve these objectives (see our previous articles regarding paternity leave, parental leave and care leave, legislation on transparent and predictable working conditions, and teleworking).

The Cyprus Stock Exchange (CSE) on Thursday announced the introduction of 25,000 new government bonds by the Republic of Cyprus.

The recent Chambers & Partners Global 2024 saw Soteris Pittas & Co LLC, once again, securing Band 1 ranking in the international legal directory Chambers & Partners, in the practice area of General Business Law: Dispute Resolution.

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.