Average gross monthly earnings of employees in Cyprus during Q1 2019 increased 2.5% to €1,898 from €1,852 in Q1 2018. When seasonally adjusted average gross monthly earnings during Q1 2019 are estimated at €1,956 from €1,945 in Q4 2018, an increase of 0.5%. There is also a gender pay gap as average gross monthly earnings
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The Cyprus government said it is pleased with the implementation of the new General Health System which radically changed the country’s healthcare delivery amid much criticism. Health Minister Constantinos Ioannou said on Monday that one month after the implementation of the system he is pleased with the way things are coming along, while any problems
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Concerned over the high number of women murdered by their partners and domestic violence cases, Cyprus MPs have launched a campaign over the need to stop this worrying trend and for the authorities to act. A major concern is that not much is being done by the authorities to protect women from harassment, abuse and
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Deposits in monetary credit institutions recorded an increase of 1.7% on an annual basis, data released by the Central Bank of Cyprus show. At the same time loans recorded an annual rate of change of -2.1%. According to the Central Bank, total deposits in May reached €48.4 bln – from €47.7bln — recording a net
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Cyprus unemployment further dropped to 6.5% in May from 6.8% in April and 8.3% in May 2018, recording the second biggest annual decrease in the EU, according to Eurostat. Jobless in Cyprus over the last year has been reduced from 36,000 in May last year to 29,000 with 5.6% male unemployment and 7.5% for women.
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One year after Cyprus banned the free distribution of plastic carrier bags by shops, their use has dropped by 80%, while the possibility of a complete ban is being considered, Environment Department official Elena Christodoulidou told CNA. Regulations aiming to reduce plastic bag use have been implemented since July 1st, 2018 with shops charging customers
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By Han Tan, Market Analyst at FXTM Asian equities and currencies are benefitting from the feel-good mood in the markets after US President Donald Trump and Chinese President Xi Jinping agreed to reignite trade talks. The Offshore Yuan is Asia’s best performer on Monday morning, climbing 0.6% against the US Dollar. Meanwhile, safe haven assets
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A stray Russia S-200 surface-to-air missile launched from Syria against Israeli jets crashed north of Nicosia early Monday with no casualties according to Turkish Cypriots officials. A statements made by Ersin Tatar, the head of the ruling coalition in Turkish-held Cyprus, said the missile was confirmed to be an S-200 launched from Syria in response
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Turkish President Recep Tayyip Erdogan said he put French leader Emmanuel Macron in his place by telling him to keep quiet when criticising Turkey for violating Cyprus waters to search for gas. Macron has put his full support behind Cyprus and criticised Turkey for obstructing Nicosia’s efforts to tap natural resources within its exclusive economic
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. A week is a long time in politics, is an astute observation attributed to former British Prime Minister Harold Wilson but not always true of the groundhog scenarios that surround the social and political arena of Cyprus. Having said that, maybe this past week will stand out as landscape-changing among the many weeks of
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