We are delighted to announce that ‘World Tax 2021’, the International Tax Review’s comprehensive guide to the world’s leading tax advisory firms has once more rated our Tax Advisory Team as ‘Tier 1’.  The team’s work in areas of tax controversy has been specifically praised.  Additionally, at the individual level, Managing Partner, Elias Neocleous, has been recognised as a ‘Tax Leader’ in Cyprus.

For the second time in 10 years, Cyprus is expected to make pivotal decisions and create a credible and EU-accepted road map to bring the Cyprus economy to the new era. An era which implements sustainable investments and the introduction of digital transformation.

The Index of Industrial Production for July 2020 reached 144.2 units (base 2015=100), recording a decrease of 5.4% compared to July 2019.

Cyprus has been ranked 44th out of 60 destinations for sustainability and the environment, expats have voted.

The Larnaca tourism board made a move to promote diving tourism on Wednesday, presenting shipwrecks at the bottom of the sea in a newly-released video.

Cyprus’ Health Minister Constantinos Ioannou has said that the discipline and resolve the Cypriot people have proven they have in implementing measures and protocols are the best weapons in our disposal to prevent a surge of the COVID-19 pandemic.

Wind-E, a portable wind turbine that transforms wind into energy to charge small electronic devices, will represent Cyprus in this year’s ClimateLaunchpad Global Grand Final that will take place on 30 September and on the 1-2 October.

Policies put in place by the government in response to the pandemic have succeeded, Finance Minister Constantinos Petrides said on Tuesday, upping economic predictions for this year and forecasting a return to growth next.

On Thursday, legislation enforcing new and higher penalties for traffic violations in a bid to curb road accidents and deaths come into effect, with fines to increase for a range of violations including not wearing a seatbelt or helmet, using a mobile phone, parking in a spot reserved for disabled persons, among other things.

In August 2020, the total sales of petroleum products amounted to 94,951 tonnes, recording a decrease of 24.6% compared to August 2019.