https://knews.kathimerini.com.cy/en/news/cyprus-to-sell-1-billion-bond-after-improved-credit-ratings
The Republic of Cyprus is expediting its return to the financial markets, seeking to leverage recent credit rating upgrades by Fitch and Standard & Poor's......
https://knews.kathimerini.com.cy/en/news/cbc-projects-3-gdp-growth-in-2024
The Central Bank of Cyprus has revised its 2024 forecast for GDP growth to 3%, from 2.8% that was expected last March, mainly due to the upward revision of domestic demand, while it maintained its forecast for growth in the years 2025 and 2026, at 3.1% and 3.2%, respectively....
https://knews.kathimerini.com.cy/en/news/cyprus-labour-costs-increase-by-4-9
Cyprus has reported a 4.9% rise in hourly labour costs (total cost) during the first quarter of 2024 compared to the same period last year, according to data released on Monday by the Statistical Service of Cyprus.
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https://knews.kathimerini.com.cy/en/news/outdoor-work-from-11am-to-5pm-prohibited
Both heavy and moderate work outdoors is prohibited between 11am and 5pm on Friday, according to the Labour Inspections Department, due to a red warning for extremely high temperature....
https://knews.kathimerini.com.cy/en/news/€102-3m-spent-on-275-000-people-trained-on-30-500-programs
In the last five years, 275,000 people participated in 30,500 training programmes of the Human Resource Development Authority of Cyprus (HRDA) and the total expenditure reached to 102.3 million euro,...
https://knews.kathimerini.com.cy/en/news/delivery-services-halted-for-4-hours-in-extreme-heat
In response to an orange warning for extremely high temperatures, the Department of Labor Inspection (tee) of the Ministry of Labor and Social Insurance has mandated a halt to all outdoor heavy and moderate work between 12:00 and 16:00....
https://knews.kathimerini.com.cy/en/business/cyprus-and-egypt-sign-agreement-to-employ-egyptian-workers
Cyprus and Egypt have signed a new agreement to help Egyptian workers find jobs in Cyprus. Cypriot Foreign Affairs Minister Constantinos Kombos and his Egyptian counterpart Sameh Shoukry signed the deal during Kombos' visit to Egypt on June 4-5....
https://knews.kathimerini.com.cy/en/news/larnaca-port-workers-to-transition-with-new-management
The government, alongside port and marina workers' representatives, have struck a deal, announced Minister of Labour Yiannis Panayiotou......
https://knews.kathimerini.com.cy/en/business/over-4-000-fewer-unemployed-in-cyprus
Cyprus is rejoicing as the latest figures from the Statistical Service of Cyprus (Cystat) reveal a significant boost in its labor market, with the unemployment rate plummeting to a joyful 6% in the first quarter of 2024....
https://knews.kathimerini.com.cy/en/news/labour-minister-s-intervention-prompts-port-employees-to-end-strike
The Minister of Transport's diligent efforts to resolve the crisis among employees in the Operational Department of the Port of Larnaca have evidently yielded promising results....
https://knews.kathimerini.com.cy/en/news/workers-unite-as-may-day-celebrations-take-place-across-the-island
Workers across all cities celebrated International Workers' Day this year with various events and demonstrations, led by the Pancyprian Federation of Labour (PEO) organizing marches in every city....
https://knews.kathimerini.com.cy/en/business/foreign-students-welcomed-into-labor-market
Labour Minister Yiannis Panagiotou announced on Tuesday the government's decision to enhance foreign students' access to the labor market, citing its significance in the country's development planning...
https://knews.kathimerini.com.cy/en/news/scotland-s-leader-yousaf-steps-down-amidst-turmoil
Scotland's leader Humza Yousaf resigned on Monday, further opening the door to the UK opposition Labour Party regaining ground in its former Scottish heartlands during a national election expected to be held later this year.
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https://knews.kathimerini.com.cy/en/news/british-cypriot-to-challenge-london-mayor-incumbent
We seek the urgent solution to the Cyprus problem and the full, equal and meaningful participation of women at all levels of the negotiation process......
https://knews.kathimerini.com.cy/en/news/cyprus-welcomes-foreign-workers-amidst-hotel-staffing-crisis
The accord forged by the Ministry of Labour alongside employer and trade union representatives to tackle workforce shortages, especially prevalent......
https://knews.kathimerini.com.cy/en/news/president-advocates-for-innovation-centers-to-pursue-commercialization-and-self-financing
Centres of Excellence should pursue commercialisation aiming at self-financing, the President of the Republic, Nikos Christodoulides said at the inauguration......
https://knews.kathimerini.com.cy/en/news/uk-prime-minister-confirms-delay-in-rwanda-deportation-flights
The Rwanda deportation scheme will not begin until the summer, Rishi Sunak admitted on Monday, acknowledging a further delay to the policy even as MPs and peers began debating it for the final time....
https://knews.kathimerini.com.cy/en/news/agreement-reached-on-foreign-worker-policy
In a significant development, all social partners have come to an agreement regarding the participation of foreign workers in Cyprus' labor market. Labour and Social Partners Minister Yannis Panagiotou announced the breakthrough, highlighting the importance of cooperation among stakeholders in addressing challenges facing the job market....
https://knews.kathimerini.com.cy/en/news/workplace-harassment-hits-1-in-3-eu-report-finds
A third of sexual harassment occurs in the workplace, European Commissioner for Health and Food Safety Stella Kyriakides said at an event organised by Cyprus Workers......
https://knews.kathimerini.com.cy/en/news/cyprus-seeks-eu-aid-amid-migration-surge
In response to increased migration flows, particularly from Syrians in Lebanon, Cyprus urges EU aid for Lebanon and steps up surveillance to prevent boat departures, Interior Minister Constantinos Ioannou reports....
https://knews.kathimerini.com.cy/en/news/interior-ministry-clarifies-asylum-seeker-employment-rights
In a recent statement, Cyprus' Interior Ministry provided clarity regarding the right to work for asylum seekers. According to the statement, all asylum seekers, regardless of origin, are not permitted to access employment until nine months have passed from the date of their asylum application....
https://knews.kathimerini.com.cy/en/news/european-commission-flags-trade-risks-for-cyprus-economy
The Cypriot economy is on a sound footing due to solid economic growth and declining inflation, but its high integration with EU and non-EU economies make geopolitical and trade tensions......
https://knews.kathimerini.com.cy/en/news/labor-minister-discusses-cost-of-living-allowance-for-cyprus
In an interview with Oriana Papantoniou, Minister of Labor and Social Insurance Yiannis Panayiotou highlighted the significant strides made during his first year in office, emphasizing a people-centric approach to governance. ...
https://knews.kathimerini.com.cy/en/business/eac-fined-€28-000-for-employee-s-death
The Larnaca District Court has handed down a fine of €28,000 to the Cyprus Electricity Authority for violations of safety and health regulations, resulting in the death of one of its employees and posing risks to others....
https://knews.kathimerini.com.cy/en/business/cyprus-labor-costs-surge-5-4
In the 4th quarter of 2023, the hourly labour costs (total cost) increased by 5.4%, compared with the same quarter of the previous year, according to provisional data, published by the Statistical Service on Tuesday....
https://knews.kathimerini.com.cy/en/news/cabinet-allocates-€11-7m-for-training-and-job-opportunities
The cabinet greenlit two initiatives on Wednesday aimed at bolstering employment and training opportunities for 1,265 individuals who are currently unemployed....
https://knews.kathimerini.com.cy/en/news/gesy-€1-58b-revenue-€500m-reserve-stable-until-2031
The Health Insurance Organisation (OAY) has disclosed that its revenue from contributions to the General Health System (GeSY) reached €1.58 billion in 2023,...
https://knews.kathimerini.com.cy/en/news/pwc-slow-progress-in-gender-equality-in-the-workplace
To mark International Women’s Day 2024, PwC has released two studies, the Women in Work Index and Inclusion Matters, finding that global progress on achieving gender parity at work continues at a sluggish rate....
https://knews.kathimerini.com.cy/en/news/ecb-considers-rate-cut-despite-falling-inflation
The European Central Bank is set to keep interest rates at record highs on Thursday and take baby steps towards cutting them in the coming months as inflation continues to fall despite stubbornly high underlying price pressures....
https://knews.kathimerini.com.cy/en/business/minister-spearheads-operation-to-curb-undeclared-labor
In a joint effort involving the Minister of Labour and Social Insurance, Yannis Panagiotou, along with officials from the Ministry of Labour, members of the Immigration and Aliens Service, and police, a targeted operation was conducted to address undeclared and illegal work....
