The Central Bank of Cyprus (CBC) on Friday announced that it has slightly increased its estimates for economic growth in 2023, citing a more positive external environment and expected lower energy prices.

Following completion of the review of the firm’s financial performance for 2022 the management of Elias Neocleous & Co LLC would like to thank all partners and staff for their hard work and dedication. We would also like to thank our clients, old and new, for their continued faith in our ability to meet their needs. 2022 was an unexpectedly difficult year for the Cyprus economy and its professional sector, with post-pandemic supply side induced inflation being compounded by the effects of the unanticipated war in Ukraine.  Despite these negative factors, however, our team pulled together, demonstrating flexibility, innovation, skill and commitment thereby enabling the firm to confound the general trend and produce a solid outcome for the year.

Cyprus’ main banks are set to increase interest rates on deposits this year after a period of 10 years during which they were paying close to zero interest, but this might yet take a while.

Cyprus’ main banks are set to increase interest rates on deposits this year after a period of 10 years during which they were paying close to zero interest, but this might yet take a while.

Life is a rollercoaster of successes and failures. What matters is that we keep striving for success and never let failure determine our future goals. Everyone makes mistakes from which they learn valuable lessons from. There is more to life and success than just keeping busy. Here are 10 career lessons most of us learn too late:

The Paphos regional tourism board (Etap) this week announced that the district’s preparations in light of the upcoming tourist summer season are well underway, with more than 90 per cent of all beds already being available to visitors.

Cyprus’ financial watchdog, the Cyprus Securities and Exchange Commission (CySEC), is participating in the annual Global Money Week (GMW2023) campaign, aimed at raising awareness of the importance of financial education, particularly for young people.

For the third successive year Elias Neocleous & Co has been listed by Chambers and Partners as a top law firm in Cyprus for general business law. Also ranked individually, for the 17th time, is Managing Partner, Elias Neocleous.

New online tax payment system Tax For All will launch on March 27, replacing Taxisnet, the tax department said on Monday.

Tourist arrivals in Cyprus increased by 65.6 per cent year-on-year in February 2023, reaching 119,081 visitors, up from 71,921 during the same month of the previous year, according to a report released on Friday by the Cyprus Statistical Service.