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, and
there is a lot of economic pain to be shared, he is optimistic that
the consequences are manageable and will dissipate. He noted that
given the level of government intervention both at an EU and local
level, it is expected that during the course
of 2021 there will be an increasing period of
strong economic growth in Cyprus. He stressed however that it
is incumbent on all sectors of the Cyprus economy, especially the
professional services industry, to utilise the lessons learned
during the pandemic so as to increase productivity and service
delivery, especially with regards to the need to
