We are pleased to announce that Mondaq has awarded Elias Neocleous & Co LLC its “Contributor most read in Cyprus” award for October.

The cabinet gave the green light recently for a new study which will determine if a marina in Paphos will be combined with a cruise ship infrastructure.

In October 2019 Cyprus had Europe’s lowest annual rate of inflation at -0.5% compared to 0.7% average in the euro area and 1.1% in the EU.

Cyprus has approved an attractive €7,000 incentive package to encourage motorists to scrap their old petrol cars for a new environmentally-friendly electric one.

EuroAsia Interconnector, the 1,000MW electricity link connecting the grids of Israel, Cyprus and Greece, has secured the necessary planning permission to start construction of the first converter station that will be built in Kofinou.

On 13 November 1979 an Austrian Airlines aircraft landed in Larnaca for the first time. 40 years later the flight connection is not only still in place but also very successful.

The Law Commission in its Consultation Paper on Directors’ Duties 1998 (CP 153), explained the term ‘’nominee director’’ as referring to persons who, independently of the method of their appointment, but in relation to their office, are expected to act in accordance with some understanding or arrangement which creates an obligation or mutual expectation of loyalty to some person or persons other than the company as a whole.

The Cyprus Investment Funds (CIF) sector and its significant progress up to this date, was the highlight of the two-day International Funds Summit which began on Monday 11 November 2019, in Nicosia, Cyprus.

A new global report from PwC titled “Are we ready for the Fourth Industrial Revolution?” finds consumers are getting on board with Fourth Industrial Revolution (4IR) technologies, with 90% using at least one 4IR technology.

Cyprus’ economy expanded by 3.2% in the third quarter of 2019 on an annual basis, racking up 19 quarters of consecutive growth, official data showed recently.