The number of job vacancies dropped 19% in the fourth quarter last year, down by 1,822 to 7,821, compared to the same period in 2021, with the biggest demand in the ‘accommodation and
Businesses argue that restrictions in the government’s newly introduced policy allowing employers to hire asylum seekers to address labour shortages ahead of the busy summer season defeats the objective. The previous government
No European nation has increased its concentration of brain business jobs faster than Cyprus since 2014, according to the European Centre for Entrepreneurship and Policy Reform. Brain business jobs are considered essential,
After years of disagreements, heated debates and name-calling, the national minimum wage finally came into being on 1 January, ensuring an additional 40,000 workers in the private sector take home decent pay
The landmark National Minimum Wage of €940 per month and €885 for the first six months of employment became active on January 1 by the decree of Labour Minister Kyriacos Koushos. Some
Unemployment in Cyprus in Q3 rose to 6.8%, compared with 6.6% in the same period last year, according to official data. The trends show that youth unemployment is around 20%, more women
The job vacancy rate in the third quarter was 2.2%, down from the previous quarter (2.7%) and Q3 2021 (2.4%), according to the Cyprus Statistical Service. The number of job vacancies in
As thousands of people from the Middle East and Africa cross the treacherous waters of the Mediterranean every day in search of a better life, some are bound to end up on
Since the New Strategy for Attracting Businesses and Talents was launched in January, the government has received a bumper 9090 applications from foreign companies, with 97% examined. An event by the Cyprus
Annual average gross monthly earnings of employees in 2021 increased by 3.2% to €2,067, reaching a decade high. In monetary terms, the average gross monthly earnings have increased by 3.2% compared to
