The Bank of Cyprus on Tuesday announced that it has been named as the ‘Best Bank’ in Cyprus for 2022 by finance magazine Euromoney.

Cyprus MPs rejected President Nicos Anastasiades’ decision to send back to the House legislation scrapping VAT on fuel and electricity bills until the end of the year to ease the cost of living crisis.

The Cyprus Marine Environment Protection Association (Cymepa) and the Bank of Cyprus have teamed up to test and analyse the waters in and around the Ayia Napa marina.

Cyprus’ traffic camera network moves out of its pilot phase after being bogged down by an excess backlog of fines and complaints, with another 20 stationary and 16 mobile cameras to be installed within the next six months.

Deposit interest rates remained at close to zero levels in June with lending rates showing small variations, according to data released on Tuesday by the Central Bank of Cyprus (CBC).

Cyprus-based research and development company SignalGeneriX announced its participation in three EU funded defence projects with a funding total of €65 million, describing this as a major success for itself and the Cyprus defence industry.

The energy ministry said on Tuesday it was accepting applications to help pay for the installation of photovoltaics to charge electrical or hybrid plug-in vehicles.

Cyprus is one of 14 EU member states to sign up to a joint procurement contract with Spanish pharmaceutical firm Hipra for its protein vaccine against Covid-19.

The first case of monkeypox was detected in Cyprus, according to the Ministry of Health.

The 2022  IFLR 1000 Financial and Corporate ratings for Cyprus have now been released and may be viewed here.  We are delighted to note that Elias Neocleous & Co LLC has once again received a ‘Tier 1” ranking. Additionally we are proud that five of our leading professionals have  been singled out for individual commendations for excellence in their performance. Elias Neocleous has been recognized as a ‘Market Leader’, Costas Stamatiou has been noted as a ‘Highly Regarded’ lawyer and Demetris Roti, Michael Pelosi and Dimitris Papoutsis have all been acknowledged as ‘Notable Practitioners’. Our congratulations go not only to them but also their departments for another year of outstanding performance.