Setting the bar in legal excellence! Once again, Elias Neocleous & Co LLC stands tall as the undisputed leader, securing its Tier 1 ranking across all nine practice areas in the prestigious Legal 500 EMEA – 2024 edition, marking a monumental achievement for another year. With notable dedication and expertise, we continue to maintain a leading position as the sole law firm in Cyprus to attain this eminent distinction!

The European Commission this week released a report noting that Cyprus’ economy is on a healthy trajectory, expecting both GDP to grow and inflation to decrease.

The Department of Registrar of Companies this week said that annual fees for companies registered with it are abolished from 2024 onwards, however, annual fees for the years 2011-2023 continue to apply.

The Cyprus Stock Exchange (CSE) on Thursday announced the introduction of 25,000 new government bonds by the Republic of Cyprus.

The Commissioner for State Aid Control Stella Michaelides on Wednesday published her decision on a scheme for Small and Medium Size Enterprises (SMEs), titled “Circular Economy Project in Small and Medium Enterprises (SMEs)”, according to which the total amount for aid granted has been set at €400,000.

The House Committee on Energy, Trade, Industry and Tourism this week revisited a proposal aimed at abolishing fees for innovative startups, in a bid to boost innovation and entrepreneurship.

The Bank of Cyprus on Thursday announced that it has acquired a restructured loan portfolio, with a total gross accounting value of €58.4 million, as of December 31, 2022, from state-owned asset management company Kedipes.

The Cyprus Securities and Exchange Commission (CySEC) on Friday announced its active participation in the annual Global Money Week (GMW2024), a pivotal global campaign dedicated to promoting financial literacy, with a special focus on the younger population.

Real estate platform INDEX on Friday released a report designating Larnaca as Cyprus’ key destination for investors and homebuyers seeking profitable ventures in the real estate market, citing a recently conducted analysis of the local property sector.

Eurobank has surpassed initial expectations with its financial results for the year 2023, setting the stage for a robust business plan spanning 2024 to 2026, with the aim of positioning the group as a regional banking powerhouse.