Background On 3 December 2020, the Council of the EU (the “Council”) approved a set of conclusions on the European Commission’s latest action plan (“CMU Action Plan”) on achieving an EU Capital Market Union (“CMU”). Efforts to create a CMU have been ongoing since the Treaty of Rome came into effect more than 50 years […]
2020 has been a strange year, not only in Cyprus but, across the globe. Certainly, as most of us toasted in the New Year surrounded by family and friends we little thought that we would spend almost 9 months apart from many of them. Indeed, had we realized that we would soon be unable to […]
Government approves new business and individual support measures for those severely impacted by the Covid 19 pandemic.
In an announcement made 5th November 10, 2020, Minister of Labour, Zeta Emilianidos confirmed that the Cabinet has approved a new bundle of emergency support schemes for both businesses and individuals which have had their income severely reduced as a consequence of the Covid 19 pandemic. Employers wishing to take advantage of the support measures […]
Cypriots who were hoping to gain some respite from this summer’s unusually high temperatures once 15th August had passed have been disappointed this week. However, consumers, workers, employers, business people and even the Cyprus government all had some reason to feel more cheerful on 24th August! The first drop of good news was a confirmation […]
An interview with our managing Partner, Mr. Elias Neocleous, was recently published in the GOLD magazine.
In the interview Mr. Neocleous mentioned he is optimistic that, once the current COVID-19 global health crisis comes to an end, Cyprus economic activity will soon recover. He did, however, highlight some of the challenges that the current pandemic situation has brought to the market. Mr. Neocleous also expressed his views on the role that […]