employment Archives - Financial Mirror

Minimum wage hiked to €1,000

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

20th December 2023

Cyprus/Economy

Minimum wage set for imminent hike

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

19th December 2023

Cyprus/Economy

Navigating future jobs landscape in the age of AI

“As a society, we are at a learning curve. Universities cannot adapt their curriculum to cover AI and emerging technologies overnight” At the threshold of a new era characterised by swift

11th December 2023

Cyprus/Life & Society

Employment in high-tech close to EU average

The share of people working in high technology sectors in Cyprus is around 4.8%, close to the EU average, while the percentage of women workers at 34.7% was above average, according to

31st October 2023

Cyprus/Europe

U.S. labour market loosens, unevenly

By Moody’s Analytics The U.S. labour market remains tight, but conditions loosened materially in June. The modest decline in the number of job openings from May to June comes after May’s figure

7th August 2023

Markets/World

Gender employment gap larger for parents

The gender employment gap in Cyprus and the EU is wider between men and women with children than those without, according to Eurostat data. In 2021, 78% of women aged 25-54 without

3rd March 2023

Cyprus/Europe

Job vacancies, government employment up

An increase in job vacancies was recorded in the first quarter of 2022, while more people were employed in the public sector in May. According to the Cyprus Statistical Service of Cyprus,

15th June 2022

Business

Unemployment will continue to drop, says gov’t

The unemployment rate in Cyprus dropped to 4.4% of the labour force in August, from 5.2% in July, with the Finance Ministry confident that the trend will continue. This correspond to 20,000

1st October 2021

Cyprus/Economy/Europe

Cyprus GDP up 1.4%, employment down 0.2% in Q4

Cyprus GDP grew by 1.4% in the last quarter of the coronavirus-struck year of 2020, compared with the previous quarter, while the rest of the European Union recorded a decrease of 0.5%,

9th March 2021

Cyprus/Economy/Europe

Employment in wider public sector increased 2.3% in Q1

Total employment in the wider public sector in the first three months of 2020 reached 69,263 persons, an annual increase of 2.3% (1,527) from 2019. Employment in general government was 63,695 and

15th June 2020

Business