Cyprus’s Energy, Commerce and Industry Minister Michael Damianos has said that his ministry is ready to intervene immediately if unjustified…
Business as usual for Cyprus banks, despite Iran war
Cyprus’ banking operations remain normal, with customers continuing to seek loans amid the ongoing Middle East conflict. This is the…
Audit delays: Cyprus faces 6,734 pending financial statements from public organizations
Cyprus is grappling with significant delays in the submission of financial statements from public organizations, including municipalities, community councils, and…
EU governments implement fuel price caps to mitigate impact of global energy crisis
The ongoing unrest in the Middle East has triggered a global energy crisis, with oil prices soaring, at one point…
Cyprus government calls out “exaggerated” foreign media coverage as tourism season hangs in the balance
President Nikos Christodoulides chaired an emergency meeting with tourism sector stakeholders at the Presidential Palace on Wednesday, as the government…
Gulf trio review sovereign investments to offset Iran war impact, official says
Three Gulf states are reviewing how they deploy trillions of dollars invested by their sovereign wealth funds in anticipation of…
The Strait of Hormuz isn’t just an energy story — it’s a food, medicine and plastics story
A disruption to global oil supplies would do far more than push up petrol prices. Crude oil is the raw…
Halloumi exports threatened as Cyprus risks exclusion from EU market over foot-and-mouth culling
Cyprus risks being excluded from the European Union’s single market if it unilaterally ends the culling of animals affected by…
IEA proposes largest ever oil release from strategic reserves, WSJ says
The International Energy Agency has proposed the largest release of oil reserves in its history to restrain soaring crude prices…
Elias Neocleous & Co LLC advises on Pelagic Credit Plc’s USD 75 million private placement and listing on Euronext Growth Oslo
Elias Neocleous & Co LLC acted as Cyprus legal counsel in connection with the successful completion of the USD 75…