The jobs future is digital

Efforts to attract big tech and fintech firms resulted in reputable companies relocating to the island with expectations that 2022 promises to be another boom year. Invest Cyprus, the state agency to

Labour market distortions

Averof Neophytou, the ruling party chair, raised the issue of minimum guaranteed income in parliament earlier this week, which is currently at €500 per month for people who have no source of

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Cyprus unemployment falls to 6.6%

Those out of work reached 31,355 in Q3, 2021, with Cyprus’ unemployment rate dropping to 6.6% of the labour force (males 6.1%, females 7.2%), down from 37,234 (8.2%) in the same quarter

Cyprus Q2 job vacancies skyrocketed

The number of job vacancies in the second quarter of 2021 has jumped 77.3% as the market starts recovering from lockdown restrictions imposed to contain coronavirus. Increases in job vacancies are driven

Registered unemployed plunge 41.4%

In July, the number of registered unemployed in Cyprus decreased annually by over 13,000 (41.4%) to under 23,000, returning to pre-pandemic levels. This is mainly due to major employers in the accommodation

Job vacancy rate rises to 2% 

In Cyprus, the job vacancy rate increased to 2.0% in the first quarter of 2021, the same rate as the EU, up from 1.3% in Q4 2020, but stable from a year

Cyprus job vacancies increase 6.8%

Job vacancies in Cyprus recorded an annual increase of 6.8% in the fourth quarter of 2020, with the largest rise recorded in the Manufacturing and Information and Communication sectors. According to the

Tackling poverty needs jobs, investment, education

Tackling poverty needs sound economic policy requiring support for entrepreneurship, capital for investments, education, good public service and an environmental strategy, said Cypriot Nobel Laureate, Sir Christopher Pissarides. Pissarides told an online

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