We are pleased to announce to our friends, partners and colleagues that for yet another year our firm is listed in Chambers & Partners Europe and Globe guides, which is one of the world’s leading legal directories, among the top ranked firms in Cyprus in the area of Litigation and Dispute Resolution.

On 18 February 2021, the House of Representatives (Parliament) voted for The Prevention and Suppression of Money Laundering and Terrorist Financing (Amending) Law of 2021; an amending law intended to harmonise the provisions of the Anti-Money Laundering Directive (EU) 2018/843 (AMLD V) and Directive (EU) 2019/2177, to make the implementation of certain provisions of Regulation (EU) 2018/1805 concerning the mutual recognition of freezing and confiscation orders more effective, as well as to amend existing provisions within the Law in an attempt to improve their practical implementation.

Cyprus will receive more than 120,000 Covid vaccines in March, the health ministry said on Tuesday.

Nicosia will become the first smart city on the island, improving services and increasing sustainability, the municipality announced on Tuesday.

At -0.8% Cyprus had the third-lowest annual inflation rate in the European Union in January behind Greece (-2.4%), Slovenia (-0.9%), data showed on Tuesday.

Cypriot hoteliers were hopeful on Tuesday that tourism would slowly recover this year after tour operators in the UK reported a surge of around 600% in holiday bookings, with Cyprus among the top destinations.

Two Cypriot ministers have joined forces this week to call on the EU’s Competition commissioner to allow more state subsidies for airlines amid the pandemic, citing improvements in scheme criteria but also the remoteness of the island.

In response to the worldwide crew change crisis, the Cyprus Shipping Deputy Ministry (SDM) has formally proposed a practical, global approach to delivering COVID-19 vaccinations to seafarers.

Recognised as the best country in Europe for handling the pandemic, Cyprus is pinning its economic recovery on expanding medical tourism and becoming a European hub for patients rehabilitating from surgery and illness.

Over the past two years Cyprus has been a net beneficiary of EU funds, while increasing its rate of absorption of the same, MPs heard on Monday.