Recent news

Latest items of recent news relevant to Cyprus as reported in our fortnightly newswire ‘Dernières nouvelles’.

Cyprus: Pay deal achieved in the hospitality sector

A pay deal has now been achieved in the hospitality sector, following the recommendations of a mediator …

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Cyprus: Revised residency tax rule

The revised residency tax rule (Law 119 [I] 2017) has now been clarified by the tax authority …

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Cyprus: Sexual harassment code to be included in collective agreements

The Employers and Industrialists Federation ‘OEB’ has reached agreement with labour unions ‘SEK’ and ‘PEO’ in respect to a code of conduct for sexual harassment in the workplace covering most employees in the private sector …

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Cyprus: Foreign students, asylum seekers can now work legally in Cyprus

The Ministry of Labour has decided to allow third-country nationals who are students, or asylum seekers, in Cyprus to work legally in the country – but only in specific sectors, such as the food service industry …

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Cyprus: Residence rights and residence documents in the Republic of Cyprus in a ‘no-deal’ scenario

The Government has recently announced its intention to safeguard by law the residence rights of UK nationals in the event of a ‘no-deal’ Brexit …

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Cyprus: New Cyprus-Saudi Arabia double tax agreement enters into force in March 2019

From March 1st 2019 a new Cyprus-Saudi Arabia double taxation agreement will become effective …

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Cyprus: Voluntary exit plan

Early retirement is a major issue for many employers because of aging populations and legal difficulties in forcing workers to retire …

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Cyprus: Social insurance contributions to be increased

As of January 1st 2019, social insurance contributions will be increased for both the employer and employee by 0 …

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Cyprus: GDPR: What do you need to know

The GDPR is now incorporated through Law 125(I) and came into effect on July 31st 2018 …

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Cyprus: Protection from termination of female employees after the end of maternity leave extended

Protection from termination of female employees after the end of maternity leave has just been extended from 3 to 5 months …

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Cyprus: Unemployment rate

Unemployment has fallen over the year to October October 2016 from 13 …

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Cyprus: Monthly training allowance for young lawyers

The Council of Ministers has decided to pay unemployed law graduates €650 per month for up to a year so they can qualify to practice as lawyers …

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Cyprus: Directive on posting of workers

The EU Directive on posting of workers (Directive 2014/67/EU) that should have been transposed into national law by 18 June 2016 has only just been implemented by Cyprus …

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Cyprus: National health service

Following extensive discussions over the past 16 years, the Cyprus House of Representatives has finally voted for activation of an amended General Health Scheme Law (Law 74(I)/2017) …

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Cyprus: Non-financial reports required

Directive 2014/95/EC on the EU Corporate Social Responsibility has recently been transposed and incorporated into Chapter 113 of the Companies Law (Law 51(I)/2017) …

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