Interior Minister Constantinos Ioannou said the newly-introduced Strategic Investments Law aims at simplifying the licensing process for strategic investments and reducing bureaucracy, as part of the government’s overall effort to improve Cyprus’ business environment for its foreign investors.

While acknowledging that the Cyprus Investment Funds Association’s efforts had contributed to Cyprus being in a position to claim a place among Europe’s emerging investment fund hubs, Finance Minister Makis Keravnos also noted that CIFA’s AGM was taking place amidst a series of geopolitical developments that have brought with them challenges and threats.

Nicosia is in first place of on a list of the 10 Top Small European Cities of the Future 2024 in terms of Human Capital and Lifestyle according to a Special Report by fDi Intelligence.

In recent years, the recruitment landscape has undergone a profound transformation, with Artificial Intelligence (AI) emerging as a game-changer. The question that looms large in the minds of HR professionals and industry experts alike is whether AI can successfully take the lead in recruitment. As we navigate through this era of technological advancements, it’s essential to dissect the potential, challenges, and ethical considerations surrounding AI-driven recruitment.

The Cyprus Investment Funds Association (CIFA) held its annual general meeting (AGM), which sought to highlight the significant role and contributions of the investment funds sector in driving the sustainable development of Cyprus’ economy.

Kition Ocean Holdings, the consortium tasked with redeveloping the Larnaca port, marina and waterfront, on Friday announced that the historic Larnaca Marina Pier, the first major milestone in the project, is nearing completion.

The EU’s new Digital Operational Resilience Act (DORA) presents significant challenges by setting complex cybersecurity requirements for financial entities.

In a sequence of official notifications, the Department of the Registrar of Companies and Intellectual Property (TEEDI) has been diligently updating the public and pertinent entities on crucial developments related to the establishment of the Register of Beneficial Beneficiaries.

Cyprus is expected to experience further growth in its Gross Domestic Product (GDP) in 2024, combined with a slowdown in inflation, according to the European Commission’s interim winter forecast.

The Cypriot economy grew by 2.1 per cent in the fourth quarter of 2023, compared to a growth rate of 2.3 per cent recorded in the corresponding quarter of 2022, according to a report released this week by the Cyprus Statistical Service (Cystat). The report also noted that the growth rate in the third quarter of 2023 reached 2.6 per cent, up from 2.2 per cent in the second quarter to 2.2 per cent, but lower than the 3 per cent observed during the first quarter of the same year.