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361. Lidl Cyprus proceeds with raises and benefits amounting up to €900,000 for its 700 employees

It proves in practice, once again, its dedication and continuous investment in its people....

362. Companies laying off employees to hire new ones at lower salaries

Keri and other recruiters say that candidate offers are now much lower and look more like those from 2019 — before the pandemic kicked off the Great Resignation, before Big Tech went on a hiring spree, and before anyone had heard of "quiet quitting."...

363. Preparations for second round in the final stretch

Preparations for the second round of the Presidential elections on Sunday are in the final stretch. On Thursday the distribution of ballots was completed and on Friday the ballot boxes will be delivered....

364. Lidl Cyprus is constantly reducing its energy footprint and contributes to the protection of the environment on a daily basis

This year, the company was also certified with the ISO 50001 for its energy management system and for the first time it attained green certificates for 100% of the energy supplied by EAC....

365. Asylum seeking busboy detained in Paphos

Paphos immigration police got busy on Election Day Sunday when they detained a busboy and his employer over suspected unauthorized work...

366. €10 million worth of grants approved for women entrepreneurs

A total of 187 applications submitted by women were approved in 2021 for the amount of 10.6 million euros, in the framework of the New Entrepreneurship Programme covering the period 2021-2027, ...

367. Children's A&E department operating on trial basis since Monday

Since Monday, January 30, 2023, the first Accident and Emergency Department for Children has been running on a trial basis....

368. The new president and finance minister will face new challenges

We are only a few days away from voting for the new President of the Republic. ...

369. Election protocol for COVID positive voters

The Ministry of Health issued Monday a press release on a series of protection measures for the prevention of the spread of COVID-19 that should be implemented by the election officers during the presidential elections that will take place on Sunday....

370. Strike: Trade unions call for COLA agreement

Hundreds of workers gathered outside the Finance Ministry today calling for the full reinstatement of COLA (Cost of Living Allowance). ...

371. Kousios: Work accidents decreased by 7%

Through the policies implemented and through specific measures, we have managed in recent years to have a continuous decrease in work accidents, said the Minister of Labour and Social Insurance, Kyriakos Koushos, on Tuesday, noting that "this year the decrease is estimated to be around 7%."...

372. School exams rescheduled to accommodate major strike

Unionized teachers in the Republic of Cyprus have secured a time change for school exams on Thursday so that members can take part in a major strike to demand restoration of pre-crisis wage indexation mechanisms for union workers...

373. No more Fridays. 4-day work week on the rise

The results are in: It's time for your company to stop working on Fridays (or Mondays)....

374. Google cutting 12,000 jobs

Google's parent Alphabet Inc said on Friday it is cutting about 12,000 jobs, or 6% of its workforce, as the technology sector reels from layoffs and companies stake their futures on artificial intelligence (AI)....

375. Tech companies calling for employee naturalizations after 5 years

Following the 2023 Presidential Elections and the resumption of the meetings of the House of Representatives, ICT companies will begin "pushing" for the right to apply for naturalization after 5 years of residence and work in the Republic of Cyprus,...

376. Finance Minister responds to CBS: 'Disinformation and fake news' (video)

The report on the CBS show '60 Minutes' about Russian oligarchs was referred to by the Finance Minister in his detailed response on the issue. ...

377. PWC survey: Seven out of ten CEOs are pessimistic about 2023

According to the 26th Annual Global CEO Survey conducted by PwC between October and November 2022, nearly three-quarters (73%) of respondents expect global economic growth to slow over the next 12 months....

378. Prostitutes gather in Davos for annual meeting of global elite

The global elite tackling the world's problems at the Davos summit including gender inequality is fuelling a surge in prostitution in the Swiss resort....

379. Limassol: Meat worth more than 50,000 euros stolen

Limassol CID has arrested a 47-year-old man suspected of breaking into a meat warehouse and stealing goods worth more than 50,000 euros between 2022 and 2023 in Limassol....

380. More mergers and acquisitions needed to bolster competitiveness

Cyprus Economy and Competitiveness Council proposed the encouragement of acquisitions and mergers of Cyprus' companies in order to improve their competitiveness....

381. More job vacancies reported than registered unemployed

The number of job vacancies reported by hotels for the year 2022 was almost three times the monthly average of the number of registered unemployed persons, Labour and Social Insurance Minister Kyriakos Koushos said at a conference on the "Staff shortage in the field of hospitality"....

382. Amazon to layoff 18,000 employees

Amazon.com Inc's layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday....

383. The landscape of bank equity is changing in Cyprus

A day before 2022 came to an end, Eurobank made the announcement that it had added 3.2% more shares of Hellenic Bank, bringing its total to 29.2% (pending regulatory approval), and altering the bank's balance "for good"....

384. Trendsetter company buys Cyprus’ most expensive property

The most expensive piece of real estate in Cyprus is off the market, following news that a global trading platform will buy the stunning beachfront property after a decade-long presence on the island...

385. EAC demands to be revisited on January 13

386. Cyprus' national minimum wage takes effect on first day of 2023

National Minimum Wage in effect in Cyprus for the first time in January...

387. Economic events that will be remembered in 2022

The energy crisis, which intensified after Russia's invasion of Ukraine and resulted in skyrocketing gas prices, took the lead throughout the year....

388. Nicosia scrambles to block north recognition

The Republic of Cyprus is scrambling to block the Turkish Cypriot administration from upgrading its status in the northern part of the divided island, with Greek Cypriot officials in the south confirming reports of new counter measures with diplomatic missions to countries including Gambia...

389. Officer injured in clash outside foreclosed property

The owner of a foreclosed property in Paphos was arrested on Thursday following an altercation outside an apartment complex, where a female police officer was injured...

390. Germany passes law allowing foreigners to easily gain residency

Germany’s Federal Parliament, Bundestag, has approved the amendments to the law on the right of residence and asylum for third-country citizens who are already in the country, with a majority of 371 votes....