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1. Makis’ cashbox and the government’s two voices

A party leader who supports the government is publicly clashing, and in unusually strong terms, with a minister from the same political camp. That minister also happens to have served successfully in his father’s government....

2. Trade unions warn worker leasing may be linked to human trafficking

Cyprus MPs are seeking answers from the authorities over allegations that workers are being illegally leased to businesses, with trade unions telling Parliament that some cases may be connected to human trafficking....

3. Pension reform hits resistance as workers ask: Who pays the bill?

Cyprus’ long-awaited pension reform is running into resistance, with workers’ unions warning that some of the most important questions remain unanswered: Will employees have to pay more? Will future pensioners receive enough to live on? And who will ultimately pick up the bill?...

4. Finance Ministry puts hourly workers’ demands at €50m as strike looms

The Finance Ministry has put the total cost of the demands submitted by unions representing hourly-paid workers at around €50 million over the three-year period of the proposed agreement, as a strike remains scheduled for Thursday, September 17....

5. Government hourly-paid staff to strike on Thursday

More than 11,000 hourly-paid workers across government services, schools and public hospitals are set to strike on Thursday, September 17, in a dispute over pay and employment conditions....

6. The cost of pension reform

The picture surrounding pension reform continues to shift as the government and social partners discuss new scenarios and raise fresh concerns—all before the actuarial studies needed to confirm the Social Insurance Fund’s long-term stability have been completed....

7. Marinos Mousiouttas: ''Fairness for today’s retirees, security for tomorrow’s pensioners''

Labour and Social Insurance Minister Marinos Mousiouttas explains the government’s proposed pension reform to Kathimerini....

8. Pension reform could increase monthly payments for 50,000 pensioners by more than €100

Around 50,000 pensioners could receive more than €100 extra each month under the government's proposed changes to Cyprus' pension system, Labour Minister Marinos Mousiouttas said on Wednesday....

9. Retiring at 63? Your pension penalty could drop from 12% to 8%

The submission of the pension reform bill to the social partners marks the beginning of the final stage of a long-running effort to modernize Cyprus’ social insurance system....

10. Financial instability in the occupied area threatens future reunification plans

Up until now, all parties, including the Greek Cypriot side, have operated under the assumption that they don't need to tackle the fiscal viability of the successor state in the occupied area. That mindset is dangerous, especially when the necessary fixes aren't actually out of reach, so long as someone takes action....

11. What could change for your pensions with the new reform?

The finishing touches are being put on the pension reform bill today. Labour Minister Marinos Mousiouttas is presenting the proposed measures to Finance Minister Makis Keravnos, with the aim of securing final approval and assessing their impact on public finances....

12. Landmark pension reform eyes January 2027 rollout with hikes up to 55%

A major overhaul of the Cypriot pension system is moving into its final legislative phases, promising tiered increases for all retirees when it takes effect on January 1, 2027....

13. Invel Real Estate closes oversubscribed Eudora Fund 2 at €400M

Invel Real Estate (“Invel”), a leading European private equity real estate firm, announces today the final close of Invel Eudora Fund 2 (the “Fund”) at over €400 million in total capital commitments, exceeding its original target of €300 million. Including leverage and co-investment capital, the Fund will have a firepower in excess of €1 billion. ...

14. Your pension is changing, but you'll still retire at the same age

Labour Minister Marinos Mousiouttas has signaled the start of an intensive round of summer consultations on pension reform, aiming to bridge remaining differences between trade unions, employers and other stakeholders before the bill reaches parliament....

15. Cyprus moves to end state borrowing from Social Insurance Fund in pension reform plan

Cyprus is moving forward with changes to its pension system, with discussions now focusing on both the Social Insurance Fund and Provident Funds. ...

16. India's Historic Labour Reforms: Building a Fair, Modern, and Inclusive Work Ecosystem

India stands at a pivotal moment in its economic journey. As the nation accelerates toward becoming a global economic powerhouse, the Government has undertaken a historic transformation of its labour laws—consolidating 29 fragmented labour statutes into four comprehensive Labour Codes....

17. ETYK and banks seal long-awaited collective agreement

“White smoke” has finally emerged after marathon negotiations between the Cyprus Union of Bank Employees (ETYK) and the country’s banks, regarding the long-pending collective agreement that has remained unresolved since late 2022....

18. Party says no, Presidency says yes as Christofidou takes over data protection office

The Council of Ministers announced Wednesday that Maria Manolis Christofidou, provincial secretary of GODISY, will take over as Cyprus’ Commissioner for Personal Data Protection....

19. Eight arrested in Larnaca construction site sweep over illegal employment

Authorities in Cyprus said that eight foreign nationals were detained after being caught working illegally at a construction site in Larnaca during a coordinated labor inspection....

20. MP's approve €100M fund to aid 2013 bank crisis victims

Twelve years after the 2013 banking crisis devastated thousands of depositors and investors, Cyprus’ Parliament has approved a long-awaited budget for the National Solidarity Fund, unlocking €100 million in compensation for those hardest hit....

21. Consulco hosts London Gin Night for its partners

Consulco Group hosted three unique cocktail parties, under the name “London Gin Night”, dedicated to its customers and partners. ...

22. Consulco's London credit fund shines in Q1 2024

Exciting opportunities are unfolding for the Cyprus-led humanitarian initiative "Amalthea," aimed at delivering vital aid to the Gaza Strip by sea....

23. Consulco’s London Credit Fund; Existing & New Investment Opportunities

24. Consulco: London Credit Fund’s new investment opportunity secured against UK commercial properties

The London Credit Fund New Compartment offers even higher returns to investors....

25. Wargaming to divest 6.8% stake in Hellenic Bank to Eurobank for €65.9 million

Wargaming has announced its decision to sell its remaining stake of 6.8% (28,023,767 shares) in Hellenic Bank to Eurobank. ...

26. Christodoulides: Shift allowances and overtime compensation from 2024

President Nikos Christodoulides addressed the 60th Congress of PASYDY, the Civil Servants' Trade Union, where he discussed significant developments regarding the restoration of shift allowances and overtime compensation for civil servants....

27. Thinking of investing in real estate? Don’t do it.

A lack of financial literacy can lead people to consider investing in direct real estate. This a provocative statement to say the least, so let me explain....

28. Consulco’s London Credit Fund keeps making 4% p.a. for its Euro investors

Consulco’s London Credit Fund has been reaching and exceeding its annualized target return of 4,00% on Euro since its inception. ...

29. Consulco’s London Credit Fund Q1 2022 Results

Consulco achieved a remarkable first quarter of 2022, during which our London Credit Fund achieved a dividend of £ 13.07 per unit of its Class A shares, $ 11.14 per unit for its Class C shares and € 9.00 per unit for its Class E shares. ...

30. Consulco opens its Limassol office

Consulco the investment manager with offices in London, Dubai, Moscow and Nicosia established its newest office in Limassol. ...