Antis Triantafyllides & Sons LLC has been appointed to draft legislation for the creation of a new National Promotional Agency
After a Tender procedure, our firm has been appointed by the Ministry of Finance to provide legal advice and draft a new legislation and relevant regulations for the creation of a new public organisation to assume the role of the National Promotional Agency. The purpose of the new organisation is to improve access to finance for SMEs in Cyprus in sectors where market failures are pervasive and which are thus underserved by commercial banks or other private finance providers. The NPA aims at promoting the Government policy objectives via the provision of tailored-made financial instruments, including financing for digital and green transition, and advisory services support.
The above legal advice and drafting of the new legislation have been undertaken by our managing partner, Stelios Triantafyllides, and our senior associates, Christiana Vassiliou Miliou and Olga Adamidou.
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