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.

It is with tremendous pride that Elias Neocleous & Co LLC (ENC) announces a series of notable promotions, highlighting the continued growth of the firm and the outstanding talent whose exceptional service, client care, and significant contributions have played a pivotal role in shaping ENC’s ongoing success.

This article is an update to our earlier article entitled: UBO Register in the Republic of Cyprus: Implementation of Final Solution.

The Central Bank of Cyprus (CBC) has released a report delving into the country’s financial stability in 2022, as well as its preliminary estimates for the current year, noting that the Gross Domestic Product (GDP) growth rate is expected to reach 2.4 per cent in 2023, while inflation is expected to stand at 3.9 per cent.

Tourist arrivals in Cyprus between January and November 2023 reached 3,722,022 visitors, reflecting a notable increase of 20.4 per cent when compared to the same period in 2022, according to a report released on Monday by the state’s statistical service.

Hellenic Bank this week announced that its wealth and investment services division hosted a forum aimed at understanding the challenges and trends shaping the investment landscape, in an effort to navigate geopolitical uncertainties impacting the market.

National flag carrier Cyprus Airways this week announced that despite prevailing geo-political tensions in the Middle East, it still managed to record a growth in revenue in November 2023.

Ratings agency S&P Global this week announced a one-notch upgrade in the long-term credit rating of the Bank of Cyprus (BoC) to “BB” from “BB-,” with a positive outlook.