Non-performing loans (Non-Performing Exposure) declined by €0.5 billion in May to €8.4 billion from €8.9 billion in the previous month, corresponding to 26.7% of total loans, according to data released by the Central Bank of Cyprus on Monday.

Kiosks, bakeries and restaurants saw an increase in credit card transactions, according to figures published by JCC for the period until 30 September 2020.

The results of the 2021 IFLR 100 ratings review have now been announced.  This is the 30th anniversary of the rating awards, and Elias Neocleous & Co LLC is pleased to note that, for the third successive year, we have been ranked as a ‘Tier 1’ legal firm in Cyprus.

A total of 50 major infrastructure projects all across Cyprus are included in the 2021 annual budget but not all will kick-start within the upcoming new year.

Cyprus health authorities reported 20 new cases of SARS-CoV-2 on Sunday, with the total since the coronavirus pandemic started in March passing the 2,000 mark to reach 2,006.

The traditional Cypriot smoked and salted cured pork meat Chiromeri Pitsilias from the mountainous area of Troodos has gained the Protected Geographical Indication (PGI) status.

Powering through this challenging year at Trilogy Limassol Seafront. Working relentlessly; committed to delivering on our promise.

This week’s newsletter offers a glimpse of the most frequent joint ventures, mergers and acquisitions (M&A) transactions involving Cypriot entities, followed by a link to the relevant content on our website, which addresses each transaction in greater detail.

Cyprus wines have proven their worth at the Decanter World Wine Awards (DWWA) held in London in August. Results were announced in late September.

Leading employers believe the controversial Cyprus passport for investment scheme should be maintained, improved and its resources redirected from property deals to funding industry as well.