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421. Passports of Russian officials confiscated to prevent overseas escape

A Soviet-style practice is being resorted to by Russia's security services, confiscating the passports of senior officials and executives of state-owned companies to prevent travel abroad, as "paranoia about leaks and defections spreads in Vladimir Putin's regime," reports the Financial Times....

422. Cyprus' hourly labor costs below EU average at 19.4 euros

The average hourly labor costs in Cyprus increased from €18 in 2021 to €19.4 in 2022, according to Eurostat. Hourly labor costs were the lowest in the EU in Bulgaria (€8.2) and Romania (€9.5), and highest in Luxembourg (€50.7), Denmark (€46.8) and Belgium (€43.5). ...

423. Completion of Project Starlight

424. Is it the beginning of the end of the gender pay gap?

Imagine you are Anna, a dedicated and hardworking engineer with a passion for your work. You've spent years honing your skills and made a significant contribution to your company's success....

425. Ministry of Labor building may not be structurally sound

The House of Representatives Internal Affairs Committee sounded the alarm on Cyprus and Public Services' degree of preparedness in the event of strong seismic activity following a meeting on March 16. ...

426. The safety of distributors is under the microscope

Distributors of food delivery platforms continued to demand better working conditions three months after strikes began and consultations began to establish a framework of conditions....

427. Europe's largest economy paralyzed over strikes

Airports and bus and train stations across Germany were at a standstill on Monday, causing disruption for millions at the start of the working week during one of the largest walkouts in decades as Europe's biggest economy reels from inflation....

428. EAC warns of fake employees asking for money

The Cyprus Electricity Authority (EAC) has warned consumers about impostors who pose as its employees or partners and demand money to restore their power supply....

429. Single EU work & residence permit for 3rd country nationals

The Members of the European Parliament’s Civil Liberties Committee have agreed today on a draft legislation that updates the way single work and residence permits for third-country nationals are issued....

430. Employers and labor unions can't agree on COLA issue

Employers and unions continue to take opposing positions on the issue of Cost of Living Allowance. (COLA). One of the most pressing issues for the Labour Minister, who has already held the first separate meetings with the four unions PASYDY, PEO, SEK, and DEOK. ...

431. Cyprus to open 4 new embassies this year

Cyprus' diplomatic presence abroad is being upgraded with the reopening or the opening of four embassies in 2023....

432. EU states need foreign workers and are changing their requirements

Working in EU: Recent Changes You Must Be Aware of If You Are Planning to Get a Job in Any of the Member States...

433. UBS steps in to buy rival Credit Suisse

Some of the world's largest central banks came together on Sunday to stop a banking crisis from spreading as Swiss authorities persuaded UBS Group AG to buy rival Credit Suisse Group AG in a historic deal...

434. Tax Department: €70 million in taxes refunded - €200 million to be collected

An intensive effort by the Tax Department in recent months has resulted in a refund of over €70 million in excess taxes, with an additional €200 million expected to be collected, according to Tax Inspector Sotiris Markides. He emphasized that the Department aims to clear all outstanding Company and Individual Returns by the end of 2023....

435. Meta lays off another 10,000 workers

Meta, the parent company of social media giant Facebook, has announced it will cut another 10,000 jobs as part of a company-wide restructuring effort....

436. HSBC buys failed Silicon Valley Bank in bid to stem fallout

Governments in the UK and the U.S. took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down....

437. Musk building 'utopian' town for employees

Elon Musk has reportedly bought thousands of acres of land about 35 miles outside of Austin and plans to build his own town there for employees to live and work....

438. Investigations into train crash reveal mistakes and inexperience

The official documents of the case file on the tragic train collision in northern Greece on the night of February 28 highlight in the most damning way the sequence of mistakes and omissions as well as the lack of communication between railway employees and, in one case, lack of experience....

439. International university students visit Eurogate’s facilities at Limassol Port

Students from various US academic institutions received a tour of the facilities of Eurogate Container Terminal Limassol Ltd. ...

440. 'The right to quality treatment for all,' says Health Minister

Newly appointed Minister of Health Popi Kanari has said that if we let the General Healthcare System (GeSY) collapse, then the entire state will collapse, stressing that she is in favour of qualitative and quantitative controls to improve the system....

441. High concentrations of dust in the air today

High concentrations of dust are expected to dominate the skies today, March 3, 2023, according to measurements from the ground stations of the Air Quality Monitoring Network of the Labour Inspections Department....

442. Government surplus of €609.5 million for 2022

General Government preliminary fiscal results published by the Statistical Service of Cyprus on Tuesday indicate a surplus of €609.5 mn, equal to 2.3% of GDP, for the period of January-December 2022, compared to a deficit of €402.8 mn or 1.7% of GDP, that was recorded during the period of January-December 2021....

443. Germany turns to foreign and migrant workers to fill positions

Germany has decided to turn to migrants as well as foreigners to try and fill job positions as the country continues to face a growing crisis....

444. EC: Tiktok banned on government issued phones

The European Union's executive branch said Thursday that it has temporarily banned TikTok from phones used by employees as a cybersecurity measure, reflecting widening worries from Western officials over the Chinese-owned video-sharing app. ...

445. EY presents report on the Future of Banking in Cyprus

The report showcases the importance and contribution of Cypriot banks to the wider economy and society, and identifies current and upcoming challenges and opportunities...

446. Bank of Cyprus: 71 million in profits in 2022

Bank of Cyprus' profit for 2022 was 71 million euros, up from 30 million euros in 2021....

447. 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....

448. 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."...

449. 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....

450. 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....