This newsletter article is an update to our earlier article entitled: Cyprus transposes DAC6 into national law.

We are proud to be the first Cyprus law firm to support the Campaign for Greener Arbitrations, which is dedicated to the implementation of the Green Protocols in each region of the world, with particular attention to regional specificities! The Campaign seeks to raise awareness of the significant carbon footprint of the arbitration community.

With the night-time coronavirus curfew in Cyprus to be scrapped completely from Thursday, police plan to intensify inspections on whether protective measures are applied on concerts and other crowd-gathering events.

Cyprus will move up several gears to digitalise its economy, with a €283 million EU-backed recovery fund, while teaming up with Estonia, considered the champion of e-government.

Two new routes complete the range of destinations available from Brussels South Charleroi Airport for the 2021-2022 winter season. Ryanair is launching new flights to Essaouira (Morocco) and Paphos (Cyprus), according to a press release from the budget airline on Tuesday.

The  CDC in Atlanta has issued new travel advisories lowering the threat of COVID-19 in many destinations including Cyprus, prompting the State Department to change its advisory for the island from “do not travel” to “reconsider travel.”

Hellenic bank saw earnings of €89.3 million in the first quarter of 2021, and profit of €12.9 million after tax.

Total new bank loans in April declined compared with the previous month, mainly due to the reduction in demand for new corporate loans while new consumer credit increased.

Plans are already underway to create a distinctive Japanese cherry blossom park in the Nicosia mountain village of Campos, where cherries are grown.

May 2021 was the month recording a higher passenger traffic in both of the island’s international airports than all of the year’s four previous months put together.