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301. Cypriot economic sentiment at 17 month low

The economic sentiment in Cyprus deteriorated in August to a 17-month low, as the Economic Sentiment Indicator (ESI-CypERC) decreased by 4.5 points compared with July 2022....

302. Cyprus unemployment rate at 6.8% in 2nd quarter of 2022

The unemployment rate in Cyprus was 6.8% of the labor force in the 2nd quarter of 2022, recording a decrease of 1.6% compared to the corresponding quarter of 2021....

303. After the 'Great Resignation' comes the 'Silent Resignation'

After the Great Resignation, a new trend is emerging in the workplace. They call it "silent resignation" and it's already a big trend on TikTok, with millions of views among younger professionals....

304. Cyprus GDP up by 6.1% during second quarter of 2022

Cyprus recorded a positive GDP growth during the second quarter of 2022, according to a Flash Estimate announced on Wednesday by the Statistical Service of the Republic of Cyprus....

305. 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....

306. More vocational courses to be offered in the fall

Minister of Education, Sport and Youth, Prodromos Prodromou, stated that higher vocational education and training in Cyprus are being upgraded with new and modern building facilities in Limassol that will be ready this autumn with more specialized program options....

307. 28.8% of Cyprus’ total labor force in 2021 were immigrants

Total immigrants in the Cyprus labor market in 2021 amounted to 180,344 corresponding to 28.8% of Cyprus’ total labor force, the Statistical Service of Cyprus (Cystat) has said....

308. K. Treppides & Co Ltd: Benefits in Kind

There are a number of commercial benefits that come with registering the property in the name of a legal entity rather than as an individual e.g. for asset protection purposes as it provides protection against personal insolvency since a property that is in the name of a legal entity should not be affected should the individual becomes personally insolvent....

309. 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....

310. Cyprus upgraded to Tier 1 in US Trafficking in Persons report

The Ministry of Justice and Public Order has welcomed the US State Department's Trafficking in Persons report for 2022 released on Tuesday noting the upgrade of Cyprus to Tier 1 status. ...

311. 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...

312. EU rules on work-life balance officially enforced from August 2nd

As of August 2nd, all European Union Member States will have to apply the EU-wide rules to improve work-life balance for parents and carers that were adopted in 2019....

313. Fewer permanent positions filled by Cyprus government this year

Employment in permanent government positions fell by 679 people, or 2.5%, from 26,629 to 25,950, while employment in temporary positions increased by 882 people, or 4.9%, to 18,980 compared to 18,098 in June 2021, according to data from the Statistical Service published on Monday....

314. 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....

315. Men work 7.5 years longer in Cyprus compared to women

The expected average duration of working life for 15-year-olds in the EU was 37.9 years in Cyprus in 2021, above the EU average of 36.0 years, according to data released by Eurostat, the statistical service of the EU....

316. Dutch to make working from home a legal right

The Netherlands is on the cusp of making working from home a legal right in a radical move that experts say could be followed across Europe....

317. 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....

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. 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. ...

320. President to finalize minimum wage talks with unions

President of the Republic Nicos Anastasiades will meet trade unions on Tuesday to conclude negotiations for the introduction of the minimum national wage in Cyprus....

321. 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....

322. 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....

323. 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. ...

324. Worker gets arrested after going to hospital

A construction worker in Limassol who visited the Emergency Room after injuring himself ended up in handcuffs after suspicions were raised over labor law violations...

325. 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....

326. EU strikes deal on adequate minimum wage in member states

With a deal struck on Monday night, Parliament and Council negotiators agreed on EU rules to set adequate minimum wages, as provided by national law and/or collective agreements....

327. Cost of living crisis pushing people to become Airbnb hosts

A recent study by Airbnb conducted with more than 70,000 EU hosts and guests reveals for the first time that the cost-of-living crisis is pushing people to become hosts on Airbnb....

328. Slight rise in economic sentiment in May

Economic sentiment in Cyprus improved slightly this May as the Economic Sentiment Indicator (ESI-CypERC) increased by 1.1 points compared with April 2022, according to the results of the Business and Consumer Survey of the Economics Research Center of the University of Cyprus....

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

330. Greece experiencing significant staff shortages at hotels

Greek hotels are looking to fill 55,000 positions this summer, during what is expected to be a very busy season, according to hoteliers....