Prioritizing The Restoration Of Cyprus' Name And Reputation

In a new interview with InBusinessNews, our firm's Managing Partner, Elias Neocleous, addresses the challenges and prospects facing the Cypriot economy and the services sector in 2024, highlighting the need for decisive action to protect the country's reputation as an attractive business destination.

Further, he identifies the need for a coordinated effort by the government, private sector, and specialized consultants to restore Cyprus's name and reputation as a leading business center. He discusses potential challenges for the Cypriot economy in 2024, including the impact of the conflict in Gaza, the defamatory press, and the potential adoption at global or EU level of regulatory or tax measures that could diminish the country's attractiveness for international business and investment. He also underscores the importance of managing and harnessing technological advancements in professional services and predicts further notable industry developments for this year.