Low cost air carrier Wizz Air on Monday announced that it recorded a significant surge in its Cypriot passenger numbers in 2023, with a remarkable 71 per cent increase compared to the previous year.

In a strategic move, Island Petroleum, a subsidiary of Island Oil (Holdings), has announced the acquisition and utilisation of the vessel M/T ASTRAIA, dedicated to providing physical supply services of marine fuel oils in Limassol.

We are thrilled to announce that Korantina Homes has been recognized as a triple winner at the 2023 Luxury Lifestyle Awards (LLA), claiming the titles of Best Luxury Real Estate Developer in Cyprus, Best Luxury Residential Development for Soho Resort in Cyprus, and Best Luxury Mixed-Use Development for Cap St Georges Hotel & Resort in Cyprus.

Cyprus has emerged as the top-ranking European Union member state in providing cross-border investment services, according to George Theocharides, chairman of the Cyprus Securities and Exchange Commission (CySEC).

The European Commission’s groundbreaking Regulation 2023/2411, effective since November 16, 2023, transforms geographical indications protection for craft and industrial products, as discussed in an article co-authored by Ramona Livera and Anna Georgaka, and published on Lexology.

A recent article authored by Elias Neocleous & Co LLC Associate Katerina Pillakouri, and published in the Cyprus Mail, explores the recent developments surrounding the European Union’s (EU) agreement on the 12th Russian sanctions package, in close cooperation with other G7 members, including the United States and the United Kingdom.

Cyprus Stock Exchange (CSE) wrapped up 2023 on a high note, with listed securities exceeding €4 billion, according to the CSE’s figures published for December.

In a new interview with InBusinessNews, our firm’s Managing Partner, Elias Neocleous, addresses the challenges and prospects facing the Cypriot economy and the services sector in 2024, highlighting the need for decisive action to protect the country’s reputation as an attractive business destination.

An article authored by Demetris Gregoriou, Advocate/Associate at Elias Neocleous & Co LLC, and recently published in the Cyprus Mail, explores the emerging trend of remote working in Cyprus’ private sector, gaining prominence in the aftermath of the COVID-19 pandemic.

Banks in Cyprus and Hungary are the most profitable for shareholders, the European Banking Authority (EBA) said on Friday, regarding the risk of Eurozone banks.