In a recent article published in the new year special edition of the Phileleftheros newspaper, prominent Cyprus business leaders were asked to comment on the year that was, and where they see the new year taking the Cyprus economy and business community. Managing Partner, Elias Neocleous expressed the view that whilst the consequences of the pandemic have been hard felt in Cyprus, given the level of government intervention both at an EU and local level, the consequences are manageable and will dissipate.
He also referred to the new Foreign Investment program that has been recently announced by the Cyprus government and expressed his optimism that, if utilized properly, it can improve the image of the country abroad and will offer the opportunity to Cypriot companies to upgrade their competitiveness, gaining access to highly talented professionals. Thus, he believes that, with the help of these reforms, the economy will enter a new period of stability and a powerful recovery. He also shared his expectations about the application of innovative corporate policies such as the ESG and the embrace of technological advances and, also, his vision about our firm, Elias Neocleous & Co LLC. The full interview can be accessed here (in Greek only).
