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Y. Georgiades & Associates Llc Joins Dentons’ Nextlaw Referral Network

by THEFUTURE.TEAM

June 13, 2024

The Y. Georgiades & Associates announced that it has joined Dentons’ Nextlaw Referral Network, enabling it to connect its clients to high-quality lawyers around the world. Nextlaw Referral Network is the largest legal referral network in the world, with more than 750 member firms and 36,000 lawyers across 200+ countries.

The managing partner Mr Yiannos Georgiades said, “By joining Nextlaw Referral Network, we can now provide our clients with the best of all worlds by continuing to serve them where we currently have offices, while also being able to direct them to top-tier lawyers in other jurisdictions where they need legal counsel and business advice. We can build on our trusted relationships with our clients by putting the full resources of the global, legal powerhouse at their disposal.”

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Aleksandra Pimenides, Director of Member Services at Nextlaw Referral Network said, “We’re proud to have Y. Georgiades & Associates LLC as part of our network. We’re only as good as the quality of our member firms and Y. Georgiades & Associates LLC makes us stronger and better able to meet the needs of our other members’ clients in Europe and on a more international level.”

Nextlaw Referral Network was created by Dentons, the largest law firm in the world. The network, which is free to join, employs a detailed screening system to guarantee the quality of its member firms and has developed proprietary technology to allow members to identify lawyers at other member firms with the appropriate experience where clients need legal counsel.

Y. Georgiades & Associates LLC is recognized for its commitment to delivering high-quality legal services, driven by a passion for justice and a deep understanding of our clients’ needs. The firm stands by its clients, representing individuals, businesses, and corporations across a spectrum of industries. They provide robust and reliable legal counsel, making them a trusted advisor in Cyprus and beyond.

Y. Georgiades & Associates LLC champions innovative tech startups and investors, strengthening the ecosystem by establishing private equity and VC funds focused on technology. The firm ensures robust IP protection through patent and trademark registration, due diligence, and essential agreements while offering comprehensive tax, regulatory, and compliance advice and strong dispute representation.

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Cyprus Construction Trends: Permit Count Slips While Value and Scale Surge in 2025

by THEFUTURE.TEAM

July 11, 2025

The Cyprus Statistical Service (Cystat) has reported a notable shift in the construction landscape for 2025. The latest figures reveal a modest 1.9% decline in building permits issued in March compared to the same month last year, signaling a nuanced trend in the nation’s developmental activities.

Permit Count Decline in March

In March 2025, authorities authorised 572 building permits—down from 583 in March 2024. The permits, which total a value of €361.5 million and cover 296,900 square metres of construction, underscore a cautious pace in permit approval despite ongoing projects. Notably, these permits are set to facilitate the construction of 1,480 dwelling units, reflecting an underlying demand in the housing sector.

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Q1 2025: Growth in Value, Construction Area, and Dwelling Units

While the number of permits in the first quarter (January to March) decreased by 15.8% from 1,876 to 1,580, more significant, economically relevant metrics saw robust growth. Total permit value surged by 21.7%, and the authorised construction area expanded by 15.6%. Additionally, the number of prospective dwelling units increased by 16.7% compared to the corresponding period last year. This divergence suggests that although fewer permits were issued, the scale and ambition of the approved projects have intensified.

New Regulatory Framework and the Ippodamos System

Since 1 July 2024, a pivotal transition has taken place in permit administration. The responsibility for issuing permits has moved from municipalities and district administration offices to the newly established local government organisations (EOAs). The integrated information system, Ippodamos, now oversees the licensing process, streamlining data collection on both residential and non-residential projects across urban and rural areas.

Comprehensive Data Collection for Enhanced Oversight

The Ippodamos system categorises construction projects using the EU Classification of Types of Construction (CC). This platform gathers extensive data on the number of permits authorised, project area and value, and the expected number of dwelling units. It covers a broad spectrum of construction activities—from new builds and civil engineering projects to plot divisions and road construction—while excluding renewals and building divisions. The thoroughness of this new regulatory structure promises greater operational transparency and more informed decision-making for policymakers and industry stakeholders.