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

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Unemployment stable at 6.6%

The seasonally-adjusted unemployment rate in Cyprus stayed at 6.6% in August compared to July, and slightly lower than a year ago when it was 6.8%, according to Eurostat. In the eurozone, the

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Employers fear deepening labour shortage

Employers fear President Nikos Christodoulides’ decision not to renew a decree that allowed them easier and faster access to asylum seekers will deepen a labour shortage already hurting hospitality. Earlier this week,

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New job opportunities

Unemployment has decreased from 20% (2013) to 6%, and there is a trend of continuous decline. At the same time, there are serious shortages in various sectors, such as construction, e.g., craftsmen,

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Job vacancies rise 17% in Q2

A significant annual increase of 17.2% was recorded in the number of job vacancies in the second quarter of 2023, while a 5.7% quarterly rise was recorded. According to data by the

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August unemployment falls 11.4%

The number of registered unemployed decreased in August, both on an annual and monthly basis, according to data released Tuesday by the Statistical Service. Based on seasonally adjusted data reflecting the unemployment

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81% of recent graduates are employed

Last year, 81% of recent graduates from secondary and higher education aged 20 – 34 in Cyprus were employed, close to the EU average of 82%, according to Eurostat. From 2014 to 2022, the

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