Search

301. Outgoing Cypriot president congratulates Sunak

Cypriot President Nicos Anastasiades took to Twitter to congratulate Britain’s new Prime Minister Rishi Sunak and say he was looking forward to restart UN talks to reunify the divided island, but elections in Cyprus and past comments by the new Tory leader could potentially complicate things...

302. Unmarried added as afterthought in paid parental leave bill

Cypriot lawmakers this week criticized a bill on paid parental leave after it emerged that unmarried parents were not included in the legislation scheduled to go into effect before the year is out...

303. Average employee gross earnings up 3.2% in 2021

The average gross monthly earnings of employees for 2021 increased by 3.2% compared to 2020 to €2,067, reaching a decade high....

304. How much loan can a couple with an income of €2,000 get?

Housing loans are an issue that inevitably affects a large number of young couples. Because housing prices have skyrocketed while wages have remained stagnant, the need for housing leads to borrowing....

305. €100 increase in average gross monthly earnings in Q2 2022

The average gross monthly earnings of employees increased by €100 in the second quarter of 2022, according to provisional data, published by Cyprus Statistical Service on Wednesday. In particular, they reached €2,081, compared to €1,982 in the same period of 2021, recording an increase of 5%....

306. A cat has nine lives. So does the Cyprus property market.

Where is the Cyprus property market heading? I have been asked this question countless times over the past three months, primarily from foreign investors who are trying to appreciate how the rise in inflation, increase in interest rates, and war in Ukraine is affecting local market dynamics....

307. Reuters: 'escape' flights from Russia skyrocket after military draft begins

A sharp rise in internet searches and the purchase of tickets for flights "fleeing" from Russia is reported by Reuters, in the wake of the partial conscription announced by Vladimir Putin, seven months after the invasion of Ukraine....

308. Gender pay gap in Cyprus at 9%, needs improvement

Commissioner for Gender Equality, Iosifina Antoniou, in her statement for International Equal Pay Day, highlights the long-standing struggles to achieve equal pay for work of equal value between men and women, noting that the wage gap in Cyprus continues to exist and stands at 9%....

309. EU to set new rules on minimum wage

The need for the immediate adoption of an adequate minimum wage that will allow employees to live with dignity was discussed by the Plenary of the European Parliament on Tuesday, which is expected to vote on a relevant directive on Wednesday....

310. Updates from the presidential campaign trail

The Cyprus problem, women's issues and policemen's salaries, as well as agricultural policy and the illegal supply of fuel from the Turkish-occupied areas, were some of the issues which were put forward by presidential candidates on the election campaign trail on Wednesday....

311. 100,000 workers to benefit from established minimum wage

The introduction of the national minimum wage in Cyprus, which will affect the salaries of almost 100 thousand workers from the beginning of 2023, has turned into a game of nerves but with an almost happy ending....

312. Cyprus' minimum wage set at 940 euros per month

The Minister of Labour and Social Insurance, Kyriakos Kousios, announced the establishment of the National Minimum Wage after the meeting of the Council of Ministers, calling it a historic day for the welfare state....

313. EU states facilitating employment of third country nationals to ease labor shortage

The European Union’s population is aging. The factors behind this phenomenon are many, but the declining fertility rates and the increased life expectancy, along with migration to countries like the United States, the United Kingdom, Canada, and Australia, are the main ones....

314. Inside JP Morgan's precious metals division: The salaries and bonuses of the golden boys

The trial of the former head of precious metals at JP Morgan Chase, which has been in full swing since Friday, provides a sneak peek into the world of exchanges and the pay for its employees....

315. Techno parties to rebuild villages being organized by young Ukrainians

In a village in northern Ukraine that was devastated by Russian occupation only months ago, a techno party is in full swing....

316. Discussions on minimum wage in the final stretch

We are entering the final stretch for the introduction of the minimum wage in Cyprus and serious developments are expected next Friday, July 22, 2022....

317. Cabinet appointment signals GESY wars not over

All hell broke loose this week in the health sector of the Republic of Cyprus, after a heart doctor not liked by unions was given a seat on the board of the Health Insurance Organization, signaling core debates about whether the state should stick to uniform rules or expand its single-payer philosophy...

318. Employee influence grows: 43% set to quit jobs for better pay, career opportunities and flexibility

Employees around the world now hold more sway in the global job market, with two-fifths (43%) of respondents saying they are likely to quit in the next 12 months according to the EY 2022 Work Reimagined Survey...

319. The biggest scam in higher education - the master's degree

It's graduation season. Over the past couple of weeks, some 2 million college students have earned their bachelor's degrees and headed off to the next stage of their lives....

320. Mykonos' DK Oyster Bar in legal hot seat for overcharging

Two American tourists are taking legal action against a Greek beach bar after it charged them more than £500 for two drinks and a plate of crab legs....

321. Bank of Cyprus to reduce its employees by 500 in 2022

322. Nouris: 'We have reached the point where migrants call the police and ask to be picked up'

In a bill submitted to Parliament, the Ministry of Justice and the Ministry of Interior are requesting the recruitment of 300 special police officers with a contract of up to 28 months to monitor the green line and conduct other tasks relating to the increased migration flow into the Republic of Cyprus....

323. Tax incentives for businesses looking to relocate to Cyprus

The Cypriot government on Tuesday approved a bill with tax incentives aiming to attract talent and promote headquartering in Cyprus, in line with the Strategy for Attracting Businesses for Activities and/or Expansion of their Activities in Cyprus approved by the Council of Ministers in October 2021....

324. Labor inspections island-wide during the month of May

The Ministry of Labor, Welfare and Social Insurance will be carrying out spot inspections island-wide in May at leisure centers and cafes to combat undeclared labor and to ensure that businesses are complying with basic labor laws, the Ministry announced....

325. Cyprus - Greece ferry connection: Tariffs and dates

After 21 years, the maritime passenger connection between Cyprus and Greece becomes a reality. On June 19, M/V Daleela will set sail from the port of Limassol on its first of many roundtrip voyages to Piraeus, thus inaugurating the new service put in place by the Ministry of Shipping....

326. ‘I will visit Athens when we win the war,’ Ukraine’s President tells Kathimerini

Volodymyr Zelenskyy looked worn, he was probably sleepless, but he spoke passionately in his signature husky, nasal voice, stopping often to take a sip of coffee from the cup next to him....

327. Op-ed: Inflation welcomes 'Generation Z'

Inflation is the rate at which prices rise, which means that we need more money to buy the same product or service. Consequently, if your salary stays the same, then your purchasing power will decrease, as you will be able to buy fewer goods and services....

328. A deal ‘everybody will hate’ to end the war in Ukraine

The most likely solution that will bring an end to the war in Ukraine is an agreement that “everybody will hate,” James Stavridis, NATO’s Greek-American former commander for Europe tells Kathimerini....

329. Roman Abramovich asking friends for loans

Russian billionaire Roman Abramovich is reportedly seeking loans from his wealthy and powerful friends in Hollywood, Wall Street and the tech industry in order to be able to pay his staff, as his US and UK accounts have been frozen....

330. Nikki Beach Easter Special

Welcome Spring with Easter deals among the verdant grounds and tranquil coastline of Nikki Beach Resort & Spa Porto Heli, at the tip of the Argolis Peninsula. ...