Good news for some 25,000 low-paid private sector workers in Cyprus, as the minimum wage will go up from €940 to €1,000 a month, Labour Minister Yiannis Panayiotou announced on Wednesday following
Labour Minister Yiannis Panayiotou is poised to issue a decree that will raise the national minimum wage in Cyprus to nearly €1,000, affecting approximately 25,000 low-paid workers in the private sector. The
Tourist arrivals reached 159,605 in November, up 6.5% from the same month last year, helping to boost total arrivals for the year to 3,722,022, a whopping 20.4% increase from the 3,091,039 in
The parliament of Cyprus initiated a three-day deliberation on Monday to approve the 2024 state budget, the first under the administration of President Nikos Christodoulides, who took office in February this year.
Cyprus’ GDP growth rate for 2023 will be 2.4% and annual inflation is anticipated to reach 3.9%, with the island’s economy displaying resilience under pressure from hiking interest rates and uncertainty caused
Russian investor returns with ‘Larnaca Tower’ plans, boosting city’s transformation Larnaca’s pursuit to catch up with the rapid development in other towns could get a significant boost from the return of
Unions and employers failed to agree to a common increase in the national minimum wage on Friday, with Labour Minister Yiannis Panayiotou calling stakeholders to a new meeting next week, days before
A public sector labour crisis may have been averted as the government sees eye to eye with unions representing civil servants campaigning for pay raises for 9,000 low-paid state workers. The Finance
Cypriot families find it impossible to squirrel away any savings as they grapple with hefty loan payments and sky-high interest rates as household deposits decline for a fourth month. According to the
The Economic Sentiment Indicator (ESI-CypERC) improved in November, compared to October, mainly due to strengthening business sentiment in the services and construction sectors, according to the University of Cyprus Economic Research Centre.
