Hourly labour costs rise 7.3%

Cyprus hourly labour costs rose by 7.3% year on year in the third quarter of 2021, following an annual rise of 17.1% in the previous quarter. According to the Cyprus Statistical Service,

Hoteliers fear labour shortages

Rising labour shortages across sectors of the economy, particularly in tourism, have hoteliers worried they will be unable to respond to increased tourist arrivals in 2022. The Association of Cyprus Tourist Enterprises

Hourly labour costs spike 6.1% in Cyprus

Hourly labour costs increase year-on-year in Cyprus (6.1%) in Q3 were nearly three times the eurozone average (2.6%) and double that of the EU28 (3.1%). In the second quarter of 2019, hourly

1 2 3 4