The European Central Bank’s (ECB) decision to cut interest rates by 0.25 per cent on Thursday is expected to have a positive impact on the Cypriot economy, Professor Sofronis Clerides, Dean of the Faculty of Economics and Management at the University of Cyprus, said on Friday.

Eurobank has received approval from the European Central Bank (ECB) to distribute a cash dividend of €342 million, equivalent to €0.0933 per share, according to an official announcement released this week.

Deputy Minister of Shipping Marina Hadjimanolis on Thursday, during her visit to Athens, highlighted the importance of cooperation, compliance, and the implementation of international law to strengthen a resilient maritime industry.

We are proud to announce that five members of our firm have been recognized for their exceptional thought leadership in the Mondaq Spring 2024 Leadership Awards!

Reflect Festival 2024 has wrapped up, but the excitement is still palpable! This year’s event combined energy, information, and compelling stories, showcasing the limitless possibilities through the power of technology and innovation. As a proud silver sponsor of the 7th Reflect Festival, our firm was delighted to support and promote the event’s mission of pushing the boundaries for a more sustainable, digitally focused future.

Cyprus’ Deputy Minister of Tourism Kostas Koumis visited London this week, where he held a series of meetings with major tourism organisations and airlines to discuss the outlook for British tourism to Cyprus in 2024.

The city of Larnaca and the communities that surround it along its seafront are very high in the preferences of foreign investors, who are buying up all available residential properties en masse and driving demand and prices to unprecedented levels.

A new AI-powered assistant called Placy has been launched in Cyprus, aiming to transform the real estate sector, according to a recent announcement.

The capital markets team of Elias Neocleous & Co LLC has successfully assisted Premier Energy PLC in relation to the initial public offering (IPO) and listing on the Bucharest Stock Exchange. This transaction, valued at approximately €482 million, marks the largest IPO on the Bucharest Stock Exchange in the last five years.

The Cypriot economy grew by 3.4 per cent in the first quarter of 2024 compared to the same period in 2023, with the construction sector showing the largest increase at 10.2 per cent, according to a report released this week by the Cyprus Statistical Service.