Cyprus unemployment rises to 5.1%

The seasonally-adjusted unemployment rate in Cyprus was lower than the European average at 5.1% in June, compared to 6.6% in the euro area and 6.0% in the EU, according to Eurostat. But


Central Bank downgrades GDP growth

The Central Bank of Cyprus (CBC) has downgraded its forecast for 2022 GDP economic growth by 0.9 percentage points due to the negative effects of the Ukraine war and the sanctions against


Minimum wage talks on hold

Labour Minister Kyriacos Koushos failed to get social partners to agree on a national minimum wage scheme on Friday, despite keeping employers and union bosses locked up in his office throughout the

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