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.

The Chambers Europe 2024 guide highly recommends our firm and its lawyers for the General Business Law and General Business Law: Dispute Resolution areas in Cyprus. The renowned guide just released its rankings and remarkable feedback from clients; a sample quote is “the lawyers had very strong commercial awareness, especially with regard to new legislative amendments and practical matters.”

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.

Companies established prior to 2024 were obligated to pay an annual corporate levy by June of every year amounting to EUR350 according to section 391 of the Companies Law, as introduced during the year 2011 with the Amendment Law 117(I)/2011.

Cyprus saw a significant reduction in its trade deficit, which stood at €566.5 million in January 2024, according to the Cyprus Statistics Service Cystat.

REALTYon, the only event in Cyprus dedicated to the entire property industry, is returning for its second edition, with a further-reaching direction and an exciting agenda of topics.

The fourth quarter of 2023 witnessed a notable surge in Cyprus’ overall employment, recording a 1.1 per cent increase compared to the same period in 2022.

Elias Neocleous & Co LLC (ENC) and W11 Ventures are pleased to announce that they have entered into a powerful partnership to deliver strategic, multi-functional seed to scale advisory services to industry and investors from across the globe. This partnership combines ENC’s multidisciplinary legal expertise and tech-driven approach to solving complex legal challenges with W11’s world-class experience in business innovation strategy, groundbreaking technologies, governance, translational R&D, and investments.