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PKF Cyprus Nicosia office is excited to announce the launching of PKF Cyprus legal services division.

The financial crisis in Cyprus resulted among others in the introduction of the Insolvency Framework, comprising of a package of six bills of legislation that came into force on the 07/05/2015.

The financial crisis in Cyprus resulted among others in the introduction of the Insolvency Framework, comprising of a package of six bills of legislation that came into force on the 07/05/2015.

On 10 December 2024, in a letter to the European Banking Authority ("EBA") and the European Securities and Markets Authority ("ESMA")...

The European Parliament's Economic and Monetary Affairs Committee has approved a legislative proposal for the digital euro, a new electronic form of money issued by the European Central Bank. This comprehensive package addresses the establishment of the digital euro, its distribution by payment service providers, and the continued legal tender status of physical cash, with a pilot programme scheduled for 2027.

Lawyers from Elias Neocleous & Co look at the new rules and how the new regime will look for alternative investment fund managers.

By the end of 2021, it is expected that the transition of multiple Interbank Lending Rates (‘IBORs'), including the London Interbank Offer Rate (‘LIBOR'), will take place.

Newly published Directive 09/2021 sets out the Tax Department's process of determination of whether foreclosed property proceeds are taxed as Income or Capital Gains...

As reported previously in Global Tax Weekly, in July 2015 the Cyprus Government introduced a notional interest deduction ("NID") on new equity capital, aimed at leveling the playing field between debt and equity finance.

In June 2021, following a recent implementation and enactment of the 5th AML Directive into national legislation, the Cyprus Securities and Exchange Commission has introduced, via the issuance of Directive 269/2021, ...

CySEC has published circular C417, which is addressed to Cyprus Investment Firms, and contains guidance on investment in crypto-assets.

The early months of 2013 were dominated by the "bail-out" of Cyprus by the European Stability Mechanism and the IMF.

All European Union countries have been affected between 2008 and 2010 by the economic and financial crisis and after a contraction in 2009 in every EU country, except Poland, growth returned in 2010 in all but five peripheral countries.

A Russian company is considered an issuer when it issues EU financial instruments, regardless of the number of such instruments.

On January 17 2014 the Ministry of Finance published the 25th Decree, as required by Articles 4 and 5 of the Enforcement of Restrictive Measures on Transactions in Case of Emergency Law 2013.

The main problem that the Cypriot economy faced in recent years was the disproportionately big size of the banking sector in relation to the country's GDP.