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NEWS & LEGAL UPDATES


Amendment of Social Insurance Law (59(I)/2010) to extend the parental leave and increase of childbirth allowance
Cyprus Law 157(I)/2024 extends parental leave, increases childbirth allowance from October 2024, and introduces flexible working rights under employment law.


14th and 15th EU SANCTIONS PACKAGES
The EU has adopted its 14th and 15th sanctions packages against Russia, further tightening restrictive measures under Regulations 269/2014 and 833/2014. These packages expand asset freezes, strengthen anti-circumvention tools, impose restrictions on LNG, finance, crypto, shipping and technology, and extend divestment derogations. New listings target Russian, non-EU entities, vessels, and individuals linked to the war, with measures designed to curb sanctions evasion
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