Hermes Airports, which manages and operates Cyprus’ two international airports, on Thursday announced that it recorded a surge in passenger traffic during 2023, tallying over 11.6 million passengers by the end of the year.

Our firm is incredibly proud to announce that for a 5th consecutive year, Elias Neocleous & Co LLC (ENC) has been included in the prestigious GRR100 list released by Global Restructuring Review (GRR) in its 2023 guide to the world’s leading law firms for cross-border restructuring and insolvency matters.

As 2023 draws to a close, we reflect on the year gone by and assess how our firm has consistently upheld its core values: delivering top-tier, strategic legal solutions to global clients, advancing technological innovation, and engaging in community outreach. This timeline is a glimpse of our efforts to embody these values over the last 12 months.

Deputy Minister of Shipping Marina Hadjimanoli on Wednesday said that Cyprus’ role as a prominent, internationally recognised maritime centre will be further enhanced in the coming year. 

Hellenic Bank announced on Thursday that it has established a Sustainable Bond Framework, aiming to contribute to the sustainable transition of the Cypriot economy and striving to create a long-term positive impact on society and the environment.

In the tumultuous landscape of 2023, the global economic and sociopolitical spheres were rife with challenges that tested the mettle of governments, organisations, and businesses of all sizes across the world.

Amidst the ongoing Israel-Gaza conflict, concerns about the safety and stability of Cyprus for potential property investors have surfaced.

The year 2022 marked a groundbreaking 85.8 per cent increase in tourist arrivals to Cyprus, reaching a staggering 4,833,939 compared to figures from 2021, according to a report released this week by the state’s statistical service.

The Ideas Powered for Business SME Fund 2023 is a €27.1 million grant scheme implemented by the European Commission and the EU Intellectual Property Office (EUIPO) designed to encourage European small and medium sized enterprises (SME) to protect their Intellectual Property (IP) rights and develop an IP Strategy.

State-owned asset management company Kedipes on Tuesday announced the signing of an agreement with the Bank of Cyprus (BoC) for the sale of a portfolio of serviced and up-to-date restructured loans, with a total gross accounting value as of December 31, 2022, amounting to €58.4 million.