Hourly labour cost rises over 5%

The hourly labour costs (total cost) rose by an annual 5.2% in the second quarter of 2022, according to provisional data by the Statistical Service of Cyprus. The two main components of

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COVID19: End of pandemic visible

The World Health Organisation’s belief that the end of the COVID-19 pandemic is now in sight has Cypriot virologist Dr Peter Karayiannis attributing the estimate to increased vaccination coverage. “Coronavirus can no

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Minimum wage ‘better than it looks’

The government has defended criticism from unions over the national minimum wage, arguing that €940 a month is among the highest in the EU, offering low earners more purchasing power than their

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Cyprus, Israel hold war games over Nicosia

Cyprus and Israel conducted an annual military exercise, codenamed IASON – 2022, this week as part of their flourishing defence cooperation program. According to the Defence Ministry, the exercise took place within the Nicosia

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COVID19: Updated booster shot rollout for over 30s

The cabinet on Wednesday approved experts’ recommendation to roll out a second booster shot for COVID-19 using the updated ‘bivalent’ vaccines. The government said the decision was made after the vaccination committee

Economy withstands Ukraine war, energy crisis

Consequences of geopolitical events to the economy and banking sector have been contained, but the second-round effects are unknown, said Cyprus Central Bank governor Constantinos Herodotou. He argued that uncertainty in an

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Nicosia’s mystery stench resolved

Authorities said Tuesday they had traced the bad smell that has troubled Nicosia residents for two weeks to within the United Nations controlled buffer zone. The Environment Department said farms belonging to