Tourism on course for record year

Robust growth in tourist arrivals and revenues this year will offset losses the economy may suffer from sanctions on Cyprus’ services sector, according to initial Finance Ministry estimates. As reported by the

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More items to get zero VAT

The government will add more commodities to a list of essential products carrying zero VAT to ease the cost-of-living crisis. Two weeks after introducing the first list of items with zero VAT,

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CoLA not the answer to beating inflation

Adjusting wages to meet inflation with automatic mechanisms such as the Cost-of-Living Allowance will not solve the real problem of income inequality with low-earners not seeing their earnings improve for a decade,

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Social partners sign landmark CoLA deal

Social partners have settled a dispute over the Cost of Living Allowance (CoLA), by accepting the mediation proposal tabled by Labour Minister Yiannis Panayiotou. The island’s four main trade unions – SEK,

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CoLA deal ‘around the corner’

Social partners are reportedly ready to settle a dispute over the Cost of Living Allowance (CoLA), by accepting the mediation proposal tabled by Labour Minister Yiannis Panayiotou. According to news reports, Panayiotou’s

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One step closer to CoLA agreement

Labour Minister Yiannis Panayiotou on Friday appeared optimistic that unions and employers are one step closer to settling a dispute over the Cost of Living Allowance (CoLA), despite sides clinging to their

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