A deal for introducing the national minimum wage is under threat, as social partners are drifting apart instead of converging, resorting to cheap shots at each other. The sides were expected to add the final touches to the proposal for a national minimum wage following months of negotiations with the late Labour Minister Zeta Emilianidou.
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Construction of the Interconnector Greece-Bulgaria (IGB) natural gas pipeline, which links the gas systems of the two countries, is completed and slated to start trial operation next month. Despite the IGB pipeline hitting several administrative obstacles during its planning and construction, it is of great strategic significance for gas market operation in the region and
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Rising electricity prices and spiralling fuel costs burden consumers and small businesses on an island far behind a green and sustainable economy curve. Discussions in recent weeks, as retail fuel costs spiralled to €2 a litre, have been divided on whether the government should slash the tax at the pump to relieve household budgets and
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It’s been over a month since the Veterinary Services proceeded without any warning to confiscate animals imported by Melios Pet Centre. The animals were allegedly imported illegally; however, no charges were filed. Instead, the animals were transferred to a rival park in Paphos and have stayed there since. Owner Melios Menelaou is adamant that his
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I submitted a few years ago to the then Minister of Interior that it was humanly impossible for a person with the best qualifications to manage such a diverse ministry. The discussion proceeded with a proposal to hire private consultants or professionals with the appropriate qualifications. The obstacle was that public tenders had to be
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Invest Cyprus, the state authority for attracting foreign investment, has awarded seven international companies for their vote of confidence in the Cypriot economy. The seven firms awarded at the 10th Invest Cyprus International Investment Awards are active in many areas, from fintech and payment solutions to private equity funds investing in healthcare. Invest Cyprus’ Chairman
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By Edward Moya The US economy is clearly not slowing as fast as many were thinking as the labour market remains robust. America added 372,000 NFP jobs in June, much better than expectations, paving the way for the Fed to focus solely on inflation at the end of month policy meeting. The unemployment rate remained
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Cyprus’ justice system is getting the biggest makeover in its history, as MPs vote on constitutional changes, allowing for the restructuring of the courts. MPs on Thursday passed the necessary legislation laying the groundwork for the justice reform, allowing the court system to reboot in a more efficient format. Former Justice Minister Ionas Nicolaou called
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Cypriots want more policing around schools and city centres, despite an overall sense of security, according to a survey carried out. Asked “which areas need more policing”, 74% answered around schools, 61% in urban areas and the city centre, 57% at entertainment spots, 54 % on roads, 48% the buffer zone and 44% in villages.
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Three young Nepalese workers are in a critical condition after being seriously injured when the balcony of their crowded apartment in Paphos collapsed. The three men, described as foreign workers, were sleeping on the balcony of an old apartment building on Nikos Antoniades Street in the town. The balcony collapse was attributed to a structural
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