During the fourth quarter of 2023, the number of Management Companies and Undertakings of Collective Investments (UCIs) was 328, with the assets under management recording a slight decrease at €8.56 bn.

On 16 April the Ministry of Finance made an announcement regarding the imposition of a new reporting obligation, pursuant to the recent 12th EU sanctions package against Russia.

The Companies Act (Cap. 113) in the Republic of Cyprus has recently been further amended to terminate the obligation of companies’ annual levy contribution for the year 2024 onwards. In addition, based on the aforesaid amendment, the annual levy contribution obligation for the years 2011 to 2023 (inclusive) is not affected and continues to burden entities subjected to such contribution.

The Cyprus Chamber of Commerce & Industry (Keve), in conjunction with the Ministry of Energy, Commerce, and Industry and the Cyprus Youth Organisation (Onek), this week announced the second call for proposals for the New Entrepreneurship Support Scheme.

The Finance Ministry, in collaboration with SIX, a financial market infrastructure company, and the Cyprus Stock Exchange (CSE), on Thursday announced the successful activation, referred to as going live, of the dual-listing of Euro Medium Term Notes (EMTN) of the Republic of Cyprus at the Cyprus Stock Exchange.

Deputy Minister of Tourism Kostas Koumis and Ambassador Khaled Yusuf Ahmed Al Jalahma from the Kingdom of Bahrain, who is based in Tel Aviv, held a meeting on in Nicosia, according to an announcement released by the Cypriot tourism ministry.

Pareto Limited, a major shareholder in Atterbury Europe Holding B.V., has agreed to exchange part of its debt exposure in Atterbury Europe for a direct interest in both the Mall of Cyprus and the Mall of Engomi, according to an announcement.

Something special is unfolding on the Limassol seafront: a new destination, a diverse community that exists in harmony with the city. The highly anticipated delivery of Trilogy’s iconic upfront towers is already underway, with office and apartment owners taking possession of their sky-rise properties. This milestone also signifies the completion of a 6,850m² public realm, currently preparing to welcome us all this summer.

Under George Ioannou’s guidance, Korantina Homes has become a pivotal force in transforming the real estate scene in Cyprus. The company's focus on innovative design and sustainable living has reshaped the way properties are developed on the island, emphasising the importance of integrating community well-being and environmental care into every project. Reflecting on the company's influence, George Ioannou has said, ‘In the world of real estate and hospitality, Korantina Homes has made a big impact, especially in changing Paphos City’.

The Companies Act (Cap. 113) in the Republic of Cyprus has recently been further amended to terminate the obligation of companies’ annual levy contribution for the year 2024 onwards. In addition, based on the aforesaid amendment, the annual levy contribution obligation for the years 2011 to 2023 (inclusive) is not affected and continues to burden entities subjected to such contribution.