Energy Minister George Papanastasiou discussed ways of strengthening cooperation between Cyprus and Egypt in the fields of electricity, renewable energy, and natural gas, during a meeting with his Egyptian counterpart Mohamed Shaker El-Markabi.

ECB executive committee member and chief economist Philip Lane met with Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Wednesday, after being invited by the latter to the island for a two-day visit.

Over €22 million will be allocated to the wine sector by the end of 2027, Agriculture Minister Petros Xenophontos has announced.

The trilateral meeting between Cyprus, Greece and Israel concluded on Friday, with Foreign Minister Constantinos Kombos and his Greek and Israeli counterparts Nikos Dendias and Eli Cohen invoking the importance of trilateral cooperation in energy matters.

Our latest podcast episode shines a spotlight on Action Global Communications in an engaging, entertaining and sentimental chat with CEO, Chris Christodoulou. Join us on a journey through the company’s history, the sector’s evolution and the role of family in all things #DestinationCyprus.

The new online tax payment system Tax For All has gone live, replacing the old Taxisnet system.

Cypriot tourism professionals are turning their focus on sustainability, with a view to aligning with climate-friendly directives over the coming years and ensuring that any projects are compliant with green transition initiatives.

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.