https://knews.kathimerini.com.cy/en/news/deadline-to-set-cyprus-minimum-wage-moved-up-to-the-21st-or-22nd-of-july
On July 21, or at the latest on July 22, 2022, an agreement will be reached to determine the minimum wage in Cyprus....
https://knews.kathimerini.com.cy/en/news/inflation-edges-closer-to-double-digits-in-june
Inflation in Cyprus in June edged closer to double-digits driven by the soaring prices in electricity and energy on the backdrop of the war in Ukraine....
https://knews.kathimerini.com.cy/en/business/cattle-class-no-more-thanks-to-air-new-zealand-s-skynest
Air New Zealand will introduce sleep pods in the economy class cabins of its ultra-long-haul Boeing 787-9 Dreamliners from 2024. ...
https://knews.kathimerini.com.cy/en/business/a-total-of-€362-9-million-euros-in-new-loans-recorded-in-may
A total of €362.9 million euros in new loans were recorded in May, according to data released by the Central Bank of Cyprus on Tuesday. The increase in new loans is mainly due to both an increase in loans for over €1 million and loans for the purchase of homes....
https://knews.kathimerini.com.cy/en/news/trade-unions-and-employers-disagree-on-national-minimum-wage-parameters
Efforts to come to an agreement on the establishment of a national minimum wage in Cyprus were unsuccessful during a scheduled meeting on Tuesday held by the President with trade unionists and employers' unions....
https://knews.kathimerini.com.cy/en/business/unemployment-down-53-8-from-last-year-but-up-16-5-from-last-month
The number of registered unemployed persons at the end of June 2022 decreased by 53.8% compared to June 2021, based on (actual) data kept at the Provincial Labour Offices, falling to 12,332....
https://knews.kathimerini.com.cy/en/news/cyprus-employment-fell-by-1-5-to-39-100-persons-employed
Employment in the broad industrial sector decreased in 2020 by 1.5% to 39,100 compared to 39,700 in 2019, according to the results of the Survey on Industrial Production 2020, published by the Cyprus Statistical Service on Monday. ...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-offering-voluntary-retirement-plans-for-up-to-600-employees
The Bank of Cyprus is offering a Voluntary Retirement Plan to 500 - 600 employees of its employees in the hopes that it can reduce its number of employees in order to maintain profitability. ...
https://knews.kathimerini.com.cy/en/news/herodotou-interest-rates-should-be-increased-gradually
The Governor of the Central Bank of Cyprus, Constantinos Herodotou, said he was in favor of the ECB gradually increasing key interest rates while keeping its options open, stressing that the European Central Bank should consider the impact of each increase and act accordingly....
https://knews.kathimerini.com.cy/en/business/average-gross-earnings-increased-by-6-8-in-q1-of-2022
The average gross monthly earnings of employees during the first quarter of 2022, amounted to €2,019 compared to €1,891 during the first quarter of 2021, recording an increase of 6.8%, according to data published, on Wednesday, by the Cyprus Statistical Service....
https://knews.kathimerini.com.cy/en/news/retail-trade-in-the-grip-of-inflation
The market is under intense pressure due to the inflationary trends of recent months with consumers appearing hesitant on their trips to retail stores. More shoppers are looking for special offers and refraining from impulsive buys....
https://knews.kathimerini.com.cy/en/news/nicosia-jittery-about-us-demand-to-ban-vessels
The Republic of Cyprus reportedly has concerns over a US request to ban vessels transporting Russian oil, with the small island but major maritime player feeling pressure as Washington leads a G7 effort to sharply reduce Russian oil revenue...
https://knews.kathimerini.com.cy/en/news/consumer-confidence-in-the-economy-deteriorates-in-june
The economic sentiment in Cyprus deteriorated in July, pushed downwards by weaker business confidence in services, industry and retail trade....
https://knews.kathimerini.com.cy/en/news/petroleum-product-sales-up-by-34-oil-reserves-down-by-17-1
Total sales of petroleum products increased by 34% on an annual basis in May 2022, while total petroleum reserves decreased by 17.1% (18,020 tons) at the end of May 2022, compared to the end of May 2021....
https://knews.kathimerini.com.cy/en/news/russia-defaults-on-foreign-debt-for-the-first-time-since-1918
Russia has defaulted on its foreign debt for the first time in more than a century as the country can't pay creditors due to sanctions over the war in Ukraine, according to media reports.
...
https://knews.kathimerini.com.cy/en/news/eu-leaders-tackle-inflation-energy-shocks-from-russia-s-war
A day after endorsing Ukraine’s candidacy to join the European Union, the bloc’s leaders turned their attention Friday to the severe economic turbulence looming over the coming months as the full impact of Russia’s war sinks in and the threat of recession rises....
https://knews.kathimerini.com.cy/en/news/deputy-ministry-of-climate-being-mulled-over
The Cyprus Economy and Competitiveness Council is proposing the creation of a Deputy Ministry for Climate, as part of its suggestions for Green Development – Energy....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-on-erdogan-the-west-and-greek-turkish-relations
Let’s start with the domestic facts and figures to dispel the widespread wishful thinking betting on the victory of the so-called “opposition front” at the next elections....
https://knews.kathimerini.com.cy/en/news/petrides-a-new-era-of-uncertainty
Uncertainty is the only certain thing in the new era we are entering, said Finance Minister Constantinos Petrides addressing the 14th Congress of the Free Trade Unions of Semi-Governmental Organizations (OHO-SEK)....
https://knews.kathimerini.com.cy/en/business/deloitte-opens-up-nominations-for-its-accelerator-for-the-deloitte-accelerator-for-social-innovation-dasi-awards
Deloitte has opened up nominations for its signature programme Deloitte Accelerator for Social Innovation (DASI) in the Middle East and Cyprus, providing social enterprises in the region with the opportunity to grow and scale their impact. ...
https://knews.kathimerini.com.cy/en/business/the-great-resignation-is-set-to-continue-worldwide-as-pressure-on-pay-mounts
The “Great Resignation” will continue apace in the year ahead as one in five workers say they are likely to switch to a new employer in the next 12 months.
...
https://knews.kathimerini.com.cy/en/news/russia-accuses-west-of-spreading-lies-about-causes-of-world-s-food-crisis
Russia on Wednesday said the West was spreading lies about the causes of the global food crisis which Moscow said was being stoked by the sanctions imposed on Russia by the United States and European Union due to the invasion of Ukraine....
https://knews.kathimerini.com.cy/en/news/only-half-of-cypriots-agree-with-eu-sanctions-against-russia
Only 54% of respondents in Cyprus, compared to an average of 80% in the European Union, agree with EU financial sanctions against Russia, according to the European Parliament's spring Eurobarometer findings....
https://knews.kathimerini.com.cy/en/business/businesses-will-be-allowed-vat-deferment-without-penalties
The European Commission has approved a €20 million Cypriot VAT deferral scheme to support businesses affected by the coronavirus pandemic and the restrictive measures put in place to limit the spread of the virus....
https://knews.kathimerini.com.cy/en/news/pesticide-reduction-key-to-sustainable-agriculture
Reducing the use of pesticides is key to sustainable agriculture, Commissioner Kyriakides tells CNA, and underlines that producers will be supported...
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-what-is-turkey-up-to
This summer, for the first time in many years, the omens concerning Greek-Turkish relations are particularly gloomy. There are many objective reasons why Turkey causing a heated incident is not the most likely scenario;...
https://knews.kathimerini.com.cy/en/life/here-s-why-volkswagen-beetles-now-cost-$600-000
German outfit Milivié Design is offering restored and modernized versions of the original VW Bug for $600,000, but there's a reason for the hefty price tag....
https://knews.kathimerini.com.cy/en/business/construction-materials-up-by-21-81-in-may-2022
The Price Index of Construction Materials went up by 21.81% in May 2022 compared to the corresponding month of 2021, and continued the upward trend that follows since January 2021....
https://knews.kathimerini.com.cy/en/business/rcb-finalizes-sale-of-its-loan-portfolio-to-hellenic
RCB Bank Ltd announced that the sale of Tranche B of its performing loan portfolio to Hellenic Bank Public Company Ltd has been successfully completed....
https://knews.kathimerini.com.cy/en/news/guterres-more-direct-contact-between-the-two-communities-is-needed
UN Secretary-General Antonio Guterres has urged the leaders in Cyprus, President Nicos Anastasiades and Turkish Cypriot leader Ersin Tatar to encourage more direct contact and cooperation between the two communities, expressing his concern about the likelihood that the already difficult climate between the parties could worsen....
