Cyprus To Establish Special Arbitration Court For Economic Disputes

At the initiative of the Cyprus Bar Association, plans are underway to create a Special Arbitration Court dedicated to economic disputes. This initiative aims to significantly enhance both the judicial and economic landscape in Cyprus.

The proposal, which needs approval from the Ministry of Justice, the Council of Ministers, and the House of Representatives, will be officially implemented upon passing these stages. Michalis Vorkas, President of the Cyprus Bar Association, stated that the objective is to establish Cyprus as a regional centre for resolving economic disputes of any scale, without restrictions. This court will cater to foreign nationals with permanent residences in Cyprus or abroad, as well as Cypriots involved in financial disputes.

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Mr. Vorkas emphasized that disputes will be resolved swiftly, conserving valuable court time. The arbitrators, chosen by the Cyprus Bar Association, will be specialized legal professionals from both Cyprus and abroad.

Economically, Cyprus stands to benefit as foreign nationals opting for the Special Arbitration Court will contribute foreign exchange and significant financial inflows.

The final decisions of the Special Arbitration Court will be recorded in the District Courts, thereby gaining full judicial authority.

Functionally, the Arbitration Court will resemble the Court of Arbitration for Sport (CAS) in Lausanne, an international semi-judicial body established to resolve sports-related disputes.

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Starbucks Wins ‘Best Workplace / Employer Of Choice At The 18th IN Business Awards

by News Editor

May 26, 2026

Starbucks was recently awarded the ‘Best Workplace / Employer of Choice’ award at the 18th IN Business Awards in Greece — a recognition that reflects the company’s philosophy and its ongoing investment in its people.

This distinction confirms Starbucks’ commitment to creating a work environment defined by respect, collaboration, inclusivity, and equal opportunities for all. Starbucks consistently fosters a culture that encourages growth, authenticity, and participation since people are always at the center.

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“At Starbucks, our success is rooted in our people. This recognition is a testament to our team’s dedication to nurturing a space where everyone can express themselves, grow equally, and deliver exceptional experiences to our customers,” said Pambis Anastasis — District Manager of Starbucks, who received the award.

Through modern development and employee support practices, Starbucks meaningfully invests in the continuous training and empowerment of its workforce, offering learning opportunities, mentorship, and career advancement at every stage of their journey.

The company also promotes an inclusive workplace where every employee feels a sense of belonging, can express themselves freely, and grow equally. This approach is a core element of Starbucks’ identity and is reflected both in the company’s internal culture, and in the experience it delivers to customers.

Winning at the prestigious IN Business Awards is a great honor for Starbucks and serves as a strong affirmation that its people are always at the heart of every step it takes.