MICHALIS C. ZAMBARTAS, Advocates, Legal & Tax Advisors – Zambartaslegal, Zambartas Law, Zambartas Advocates, Zambartas Lawyers, Zambartas Legal, Zambartas Nicosia

Government of Cyprus, Statistics

Third Upgrade in a Row within a Month! Cyprus Economy Secures Third Confidence Boost with Standard & Poor’s Rating Upgrade

Cyprus is celebrating the earning of its third credit rating upgrade within a month. Standard & Poor’s (S&P) has upgraded Cyprus’s...

11 Dec

Government of Cyprus, Statistics

Cyprus Achieves “A-” Credit Rating Upgrade from Fitch

Credit rating agency Fitch has upgraded Cyprus' credit rating from BBB+ to A-, marking the second upgrade in three weeks. Fitch...

5 Dec

Advocates Law, Real Estate

Cyprus – Real Estate Lease and Sales Contracts Only to be Drafted by Advocates?

In 2021, the House of Representatives passed a bill amending section 2(1) of the Advocates Law Cap. 2 which provides that...

26 Nov

Government of Cyprus

Double Upgrade of Cyprus’s Credit Rating by Moody’s

On 22 November 2024, the international rating agency Moody’s upgraded the credit rating of Cyprus by a double notch. Cyprus's senior...

22 Nov

Compliance, Government of Cyprus

Cyprus House of Representatives Reduces Penalties for Late Submission of Ultimate Beneficial Owner Declaration

On 21 November 2024, the House of Parliament passed a law amendment significantly reducing the fines for corporate entities that fail...

15 Nov

Statistics

Cyprus’ Trade Deficit Shrinks by 17.4% in January – September 2024

Cyprus' trade deficit shrank by 17.4% in January–September 2024, falling to €5.6 billion from €6.8 billion in the same period of...

14 Nov

Litigation

Cyprus – Backlog of Court Cases Reduced

On Monday, 11 November 2024, during the budget discussion of the judicial service before the House Finance Committee, the President of...

30 Oct

Tax Law

Cyprus – Extension of Deadline on Submission of Personal Income Tax Declaration and Payment for the Year 2023

Following the decision of the Council of Ministers, the Tax Department announced today, 30 October 2024, that the deadline to submit...

29 Oct

Government, Government of Cyprus

Morningstar DBRS and Scope Ratings in Favour of Cyprus

Morningstar DBRS recently upgraded Cyprus' long-term credit rating to positive, citing budget surpluses of 2.7% of GDP in 2022 and 3.1%...

29 Oct

Government, Government of Cyprus

Cyprus Achieves Major Cuts in Debt-to-GDP Ratio, Standing Out Among EU Nations

Cyprus has outperformed its EU peers in managing public debt, achieving a significant reduction in its gross government debt-to-GDP ratio. By...

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