National Minimum Wage comes into effect

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

Job vacancy rate drops to 2.2%

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

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Average gross earnings hit decade high

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

Cyprus Airways recruitment drive

Larnaca-based Cyprus Airways is looking for candidates to join its growing team of crew members because of its increased fleet and flight schedule for summer 2023. The recruitment campaign follows the airline’s

Cyprus attracts 7,000 tech jobs

Cyprus’ policy to provide incentives and tax breaks to high-tech companies are gaining traction, as 7,000 work permits have been granted to those with highly specialised skills. Evgenios Evgeniou, President of the

Minimum wage ‘better than it looks’

The government has defended criticism from unions over the national minimum wage, arguing that €940 a month is among the highest in the EU, offering low earners more purchasing power than their

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Unemployed drops to 14,960

Cyprus unemployed decreased by 1,320 people in August, dropping by 8.1% compared to 12 months ago, data released Monday showed. But registered unemployment figures for July alone indicate a slight increase, compared to July

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