Both total loans and deposits in Cyprus witnessed a net decrease in January 2024, according to a report released on Tuesday by the Central Bank of Cyprus (CBC).

Elias Neocleous & Co LLC, alongside Managing Partner Elias Neocleous and Partner Demetris Roti, have earned notable recognition in the Chambers Global Guide 2024 for General Business Law, maintaining their standard of excellence.

Senior Lawyer and Deputy Head of Employment & Pensions, Nicos Panayiotou, shared his insights at the Gig Up Project – Cyprus Multiplier Event, organized by Vernian RTI. Nicos delved into the legal perspectives on the Cypriot Gig Economy and explored the delicate balance between flexibility and employee protection.

The Artemis Credit Bureau, which collects and provides information on the financial behaviour of individuals and businesses in Cyprus, will begin evaluating businesses based on Environmental, Social, and Governance (ESG) criteria as of March 2024, according to general manager Yiannis Tomasides.

Cyprus’ tourism ministry this week unveiled an incentive plan aimed at the qualitative and aesthetic improvement of beaches for the year 2024, with local authorities being the beneficiaries.

The Cyprus Stock Exchange (CSE) on Friday announced that it has become a member of the EuroCTP consortium, a collaborative initiative involving several European exchanges.

Hellenic Bank on Friday released its preliminary group financial results for 2023, posting a full-year profit of €365.4 million, while profit for the fourth quarter alone stood at €124.8 million.

In a groundbreaking move in early December, the # European Council and the European Parliament reached a provisional agreement on the text of the EU's new Artificial Intelligence Act, marking a significant development.

Cypriot Deputy Minister of Tourism Kostas Koumis this week emphasised the urgent need for support measures from the European Union (EU) for island tourist destinations, during his participation in the informal meeting of EU Tourism Ministers.

The 7th Annual Capital Link Cyprus Shipping Forum is scheduled to take place on Tuesday, February 27, in Limassol, aiming to highlight the important role of Cyprus as a shipping, energy, and transit hub, as well as an investment and business destination.