CoLA to cost €1.2 bln over three years

The deal between social partners to renew the Cost-of-Living Allowance agreement to cover 66.7% of inflation, up from 50%, means the state will pay an additional €1 bln in salaries over three

Labour, energy costs stifling businesses

High labour costs, plus access to energy and raw materials, are the main challenges expected to be faced by Cypriot businesses in 2023, based on the Eurochambres Εconomic Survey. The Cyprus Chamber

Preparing future tech professionals

A high-tech multinational firm is doing its bit to address the talent gap in Cyprus’ blooming IT ecosystem, as the number of technology companies increases on a geometrical scale. Kyndryl, a US

Hourly labour cost rises over 5%

The hourly labour costs (total cost) rose by an annual 5.2% in the second quarter of 2022, according to provisional data by the Statistical Service of Cyprus. The two main components of


National minimum wage set at €940

The government is introducing a national minimum wage from January, set at €940 after six months in the job, announced Labour Minister Kyriacos Koushos. The decision is heralded as a “historic move”


Deal on minimum wage hits buffers

The government is adamant about introducing a national minimum wage despite a deepening gap between unions and employers over the terms. Reportedly, Labour Minister Kyriacos Koushos has sent an ultimatum to social

Social justice = fair pay

Sadly, discussing a minimum wage or collective labour agreement is only hotly contested as a political tool, leveraged when we have elections. The late Zeta Emilianidou tried throughout her nine years in


Deal on minimum wage in limbo

A deal for introducing the national minimum wage is under threat, as social partners are drifting apart instead of converging, resorting to cheap shots at each other. The sides were expected to

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