Bureau Veritas has set the record straight as far as protected halloumi production controls in the breakaway northern Cyprus will be carried out by the audit and certification services body, Philenews reports.

Despite a state-sponsored staycation scheme for Cypriots only about 80 hoteliers have decided to stay open this winter – that is, from December 1, 2021 to March 31, 2022.

In the English case Stockman Interhold S.A. -v- Arricano Real Estate PLC (2017) EWHC 2909, the Court summarized the applicable legal principles for setting aside an arbitral award for fraud, as follows:

The IMD World Competitiveness Ranking is a worldwide reference point on the competitiveness of countries measured against a set of factors, including economic performance, Government efficiency, business efficiency, and infrastructure. In the rankings for 2021, Cyprus has positioned 33rd overall, with a notable 13th place in economic performance.

Global Restructuring Review (GRR) has just released its 2021 guide to the world’s leading law firms for cross-border restructuring and insolvency matters. Global Restructuring Review is the world’s only daily news and analysis service on cross-border restructuring and insolvency law and we are delighted to report that for the third successive year Elias Neocleous & Co LLC has been included its elite GRR 100 list.

Major infrastructure projects will go ahead as planned in the next year, including the Paphos-Polis highway and the installation of charging stations for electric cars, the transport minister said Monday.

With some resistance, the Cyprus government, trade unions, and employers are getting down to the nitty-gritty of the thorny issue of introducing a national minimum wage.

Cyprus authorities on Monday announced a new categorization of countries to be put in effect on November 25th. France is moved to red category from orange.

The first antiviral pill for COVID-19 is expected in Cyprus in the second half of December, according to deputy head of pharmaceutical services Elena Panagiotopoulou.  The pill will be used for mild to moderate cases of the disease.

A scheme involving €1 billion in state-guaranteed loans to businesses came into effect Friday following its publication in the official government gazette.