Five months have elapsed since the entry into force of the Trademarks (Amending) Law of 2020 (L. 63(I)/2020) and the Trademarks Regulations of 2020 (Κ.Δ.Π. 259/2020), replacing the majority of the previous legal provisions governing trademark protection in Cyprus. The revised legal framework transposes the Trademarks Directive (EU) 2015/2436 and the EU Trademark Regulation (EU) 2017/1001into Cyprus’ national legal order and aims to modernise the trademarks framework in Cyprus.

LEPTOS ESTATES has received the Cyprus Export Services Award from the President of the Republic of Cyprus, Mr. Nicos Anastasiades, at a special event held in Nicosia on Thursday, 12 November 2020.  The company was recognised for its outstanding performance and efforts towards the opening of new markets and for its contribution to the Cypriot economy.  This is the third time Leptos Estates has received the award. The company was previously awarded in 2012 and 2016 respectively.

The Paphos regional board of tourism is continuing to strengthen the promotion of the area and has prepared an enhanced action plan with a budget of over €480,000, officials said on Tuesday.

The health ministry proceeded with the requisition of four doctors from the private sector in order to help the treatment of COVID-19 patients in hospitals of Larnaca and Famagusta.

Moody’s Investors Service affirmed all ratings and assessments of Bank of Cyprus and Hellenic Bank, including their long-term deposit ratings of B3.

Hellenic Bank announced that key services will be changing from Monday, stating that customers will have to use ATMs for cash withdrawals for amounts less than 500 euros.

The Council of Ministers has agreed to the request from the tourism ministry to continue its mandate of special offers of hotel discounts to permanent residents, the Deputy Minister of Tourism said in a press release on Monday.

President Nicos Anastasiades hinted at further measures to stop the spread of COVID-19 following last weekend’s spike, but the nature and scope of a potential second lockdown remains unknown until his meets with his Cabinet on Wednesday.

The Health Insurance Organization announced that the registration of health providers to the National Health System will be done gradually.

Motor vehicle sales were affected by the pandemic in Cyprus dropping by an annual 18.5% in the first 10 months to October.