PRESS RELEASE
10 January 2023

IN Business Forecasting 2023 – Interview With Elias Neocleous

EN
Elias Neocleous & Co LLC

Contributor

Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.
IN Business opened 2023 by interviewing several prominent Cyprus leaders, including Managing Partner, Elias Neocleous, concerning their forecasts for 2023.
Cyprus

IN Business opened 2023 by interviewing several prominent Cyprus leaders, including Managing Partner, Elias Neocleous, concerning their forecasts for 2023.

Elias expressed the view that he was cautiously optimistic that the Cyprus economy would achieve a new equilibrium in 2023. He noted that the dramatic shocks experienced in 2022 had now been factored into the economy and further shocks of the same scale were unlikely to occur in 2023. He also believed that recent figures indicated that the impact on the financial services sector of the war in Ukraine and the associated sanctions on Russia had been much less severe than feared. This was especially true in the legal sector where major firms such as our own had been exploring other markets including the EU for many years.

Moving into 2023 he expressed the view that, in line with government aspirations and actions, the economy, including the legal sector, would benefit by attracting international businesses in sectors such as high tech, shipping and medical services to the island. He believes that Cyprus continues to mature as an attractive base for such companies. Finally, he noted the importance of the rise of innovative technology and the risks associated with it. Both are areas of potential growth for legal firms which harness the requisite expertise.

The full interview may be accessed (Greek language) here.

PRESS RELEASE
10 January 2023

IN Business Forecasting 2023 – Interview With Elias Neocleous

Cyprus

Contributor

Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.

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