The average salary in Cyprus grew by 6.2% in the fourth quarter of 2023, compared to the same period in 2022, according to provisional data released by the Statistical Service, offering some
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
Social partners are reportedly ready to settle a dispute over the Cost of Living Allowance (CoLA), by accepting the mediation proposal tabled by Labour Minister Yiannis Panayiotou. According to news reports, Panayiotou’s
Last year, the average hourly wage and salaries in the whole economy were estimated to be €15.6 in Cyprus but below the €22.9 for the EU and €25.5 in the euro area,
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
In the last quarter of 2021, the average hourly labour cost in Cyprus was estimated to have edged up by 1.6%, compared with the same quarter of the previous year, according to
Cyprus was one of only four EU countries where hourly labour costs decreased as salaries also went south on an annual basis in the third quarter, according to Eurostat. It was also
