Regarding the Regulation No 833/2014 of the Council of the European Union, dated July 31, 2014, concerning the restrictive measures imposed by the EU due to Russia’s actions destabilizing the situation in Ukraine, we would like to inform you that Article 12g has been added. Specifically:

1. When selling, supplying, transferring or exporting to a third country, with the exception of partner countries listed in Annex VIII to this Regulation, goods or technology as listed in Annexes XI, XX and XXXV to this Regulation, common high priority items as listed in Annex XL to this Regulation, or firearms and ammunition as listed in Annex I to Regulation (EU) No 258/2012, exporters shall, as of 20 March 2024, contractually prohibit re-exportation to Russia and re-exportation for use in Russia.
2. Paragraph 1 shall not apply to the execution of contracts concluded before 19 December 2023 until 20 December 2024 or until their expiry date, whichever is earlier.
3. In application of paragraph 1, exporters shall ensure that the agreement with the third-country counterpart contains adequate remedies in the event of a breach of a contractual obligation concluded in accordance with paragraph 1.
4. If the third-country counterpart breaches any of the contractual obligations concluded in accordance with paragraph 1, exporters shall inform the competent authority of the Member State where they are resident or established as soon as they become aware of the breach.
5. Member States shall inform each other, and the Commission of detected instances of a breach or circumvention of a contractual obligation concluded in accordance with paragraph 1.

You can find the consolidated text of Regulation (EU) No 833/2014 by clicking here.

PDF Circular – Amended Council Regulation EU No 833-2014

Προϊόντα που περιέχουν Επικίνδυνες Χημικές Ουσίες
ΚΧΠ/9

PDF Announcement – 20240328_ΚΧΠ09_RAPEX11-12

Average Monthly Earnings of Employees by Quarter – Annual Change 6,2% – 4th Quarter 2023

Based on provisional data, the average gross monthly earnings of employees during the fourth quarter of 2023, amounted to €2.693 compared to €2.535 during the fourth quarter of 2022, i.e. an increase of 6,2% is observed.

The average gross monthly earnings during the fourth quarter of 2023, seasonally adjusted, are estimated at €2.402 and compared to the third quarter of 2023 they are increased by 1,6%.

View the full announcement here (PDF)

The Cyprus Chamber of Commerce and Industry and the Ministry of Energy, Commerce, and Industry announced the launch of applications for the Cyprus Exports Award 2023.
The Cyprus Exports Award was launched in 1982 to recognize and reward exceptional efforts in increasing the exports of Cypriot industrial and agricultural products and services. Over its 42-year history, the award has recognized numerous companies across the spectrum of export trade, which have greatly benefited from using the Award for promotional purposes, especially abroad.

The Awards to be awarded will be the following:

• Two for Industrial Products, each Award in a different sector
• One for Agricultural Products
• A Special Award for Industrial Products
• Five for Services in the following sectors:

1. An Award for businesses in the Financial Services sector
2. An award for businesses in the Maritime Transport and Commercial Shipping sector
3. An Award for businesses in the Tourist Services sector
4. An award for businesses in the Telecommunications, Information, and Informatics sector
5. A General Service Award for businesses in other sectors (e.g. Universities, Health, etc.)

The last date for submitting applications has been set for Friday, May 31, 2024. Exporters of Industrial and Agricultural Products and Services may apply, provided that they meet the relevant criteria.
The Ministry’s Announcement, the Regulations and Criteria of the Award, the Product Application Form, and the Services Application Form, are attached below in PDF.

PDF Circular – Cyprus Exports Award 2023

PDF – Dust Announcement 2 APR 2024