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.

Cyprus’ innovation ecosystem boasts over 400 startups and innovative businesses, more than 2500 researchers, and over 4000 entrepreneurs, said Demetris Skourides, the chief scientist of the Research and Innovation Foundation.

An article authored by Elias Neocleous, Managing Partner at Elias Neocleous & Co LLC, and recently published in Phileleftheros, discusses the challenges presented by the volatile economic and geopolitical environment at both EU and domestic level and the importance of fortifying the reputation of Cyprus as an attractive business and investment destination.

SOTERIS PITTAS & CO LLC is pleased to announce that as of the 1st of January 2024, Mr. Christodoulos Neophytou, Mr. Alexandros Mavrommatis and Mr. Kyriakos Pittas have been promoted as partners in our Firm!

Cyprus housing market prices continued on an upward path in the third quarter of 2023, with apartments recording the highest increase.

Despite alterations in interest rates, Cypriot banks have maintained a steady pace in providing loans throughout 2023, exceeding €3 billion in total net new loans by November.

An increasing number of employers are weighing the merits of introducing an occupation pension plan for their employees, as a means for attracting and retaining top talent and achieving workforce satisfaction.

On 20 December 2023, the Council of Ministers issued a new ministerial decree regarding the minimum wage in Cyprus, which became effective on 1st January 2024, and which amended the previous decree of August 31, 2022.