Turkish Cypriots protest as economy sinks

Growing discontent in the north over the worsening economy forced hundreds of Turkish Cypriots to take to the streets as a crashing Lira has diminished their purchasing power amid an inflation spike.

National minimum wage above €924

Cyprus will introduce a national minimum wage next year, as social partners are set to agree on the monthly income for workers that could be closer to €1,000 a month. According to

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Hourly labour costs rise 7.3%

Cyprus hourly labour costs rose by 7.3% year on year in the third quarter of 2021, following an annual rise of 17.1% in the previous quarter. According to the Cyprus Statistical Service,

Moody’s upgrades ‘improved’ Bank of Cyprus

Moody’s has upgraded Bank of Cyprus key ratings citing “significant improvement” in asset quality following an agreement on non-performing loans that would reduce the bank’s NPL ratio to single digits. It upgraded

Turkish Cypriots crushed by falling Lira

The tumbling Turkish Lira is taking the Turkish Cypriot economy along with it, as the community sees inflation send prices for essential goods through the roof. The Lira has been breaking unwanted

Renaissance through education

News the American University of Beirut, one of the region’s oldest and most prestigious institutions, is contemplating a Cyprus campus, more so in Paphos, proves education could play a pivotal role in

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Minimum wage possible next year

With some resistance, the Cyprus government, trade unions, and employers are getting down to the nitty-gritty of the thorny issue of introducing a national minimum wage. The Labour Ministry is determined to

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