Cyprus is set to embrace an EU directive, known as the Blue Card, that accelerates the issuance of residence permits for highly skilled workers from third countries seeking employment on the island.
By Justin Begley – Moody’s Analytics On the first day of 2024, workers earning the minimum pay rate got a raise in 22 U.S. states. Minimum wage hikes are common each year,
Good news for some 25,000 low-paid private sector workers in Cyprus, as the minimum wage will go up from €940 to €1,000 a month, Labour Minister Yiannis Panayiotou announced on Wednesday following
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
It took several years of hard-fought negotiations among social partners in Cyprus to conclude a national minimum wage, set in stone earlier this year, with an option to increase it in the
Unions and employers failed to agree to a common increase in the national minimum wage on Friday, with Labour Minister Yiannis Panayiotou calling stakeholders to a new meeting next week, days before
Low-paid workers in the private sector are in for a pay boost in the new year, as social partners are set to meet on Friday to agree on the next increment for
The minimum wage in Cyprus at under €1,000 per month is below the EU average of €1,132 among the 22 states of 27 that have adopted it. Cyprus became the 22nd EU member
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
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
