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271. 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...

272. 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. ...

273. 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....

274. 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....

275. 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....

276. 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. ...

277. 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...

278. 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....

279. 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....

280. 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....

281. 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....

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

283. 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....

284. EC projects economic slowdown and rising inflation in Cyprus

The European Commission has revised its economic projections for Cyprus citing a downward trend due to the effects of Russia’s invasion of Ukraine and the associated sanctions against Moscow on the island’s tourist and services sector....

285. 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....

286. 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....

287. Anastasiades: The protection of employees' rights is a priority

President Nicos Anastasiades on Sunday listed a number of government policies and strategies as well as decisions in favor of laborers, as he addressed an event organized by trade union SEK in honor of Labor Day at the village of Amiantos....

288. Worker and boss in legal trouble after farming accident

A young man who got injured while using a hand tractor is being accused of immigration and labor violations, while his employer is also facing charges of unauthorized employment...

289. Cyprus doubles down on immigration policy

The government in the Republic of Cyprus has renewed its response to migration flows to the island, tasking authorities and lawmakers with tightening measures in a number of areas...

290. Ukrainian refugees facing high rents and language barriers

A new Call Center, that will provide comprehensive information to refugees from Ukraine regarding immigration, education, welfare and other relevant matters, will begin operating on Thursday, March 31, according to the Deputy Ministry of Research, Innovation and Digital Policy....

291. EU releases €3.4B to help countries accommodating Ukrainian refugees

The European Union will release €3.4 billion in recovery funds to help countries absorb refugees from Ukraine fleeing the Russian invasion, the Commission said on Wednesday....

292. Consulco hosted the digital event ''UK Economy and Real Estate Outlook''

Consulco has successfully hosted the UK Economy and Real Estate Outlook event, along with four leading organization that have provided insights on the pressures the UK is facing today and their impact on key property markets. ...

293. Ukrainians in Cyprus before cutoff date now in limbo

Dozens of Ukrainians in the Republic of Cyprus are running out of money and unable to benefit automatically from EU “temporary protection” measures because they visited the island as tourists before the cutoff date...

294. EU plans to grant Ukrainian refugees right to stay for up to 3 years

The European Union is preparing to grant Ukrainians who flee the war the right to stay and work in the 27-nation bloc for up to three years, senior EU and French officials said, thanking volunteers at the borders for helping those who arrive....

295. Ministry of Labor cracks down on undeclared labor

Targeted inspections in the construction sector will now be conducted by the Ministery of Labor, Welfare and Social Insurance beginning in March in an effort to clamp down on undeclared labor. ...

296. Freedom Day in the UK from today

England woke up to freedom today after nearly two years of crippling on-off lockdowns as all emergency Covid laws introduced to tackle the pandemic ended at midnight....

297. Ministry of Labor: Job interviews begin on Thursday

Employment interviews conducted by the Ministry of labor will begin this Thursday and Friday. The move aims to match job seekers to prospective employers and is part of an effort to meet the needs of the hotel industry in Limassol and Paphos, provinces that seem to be facing the biggest staffing shortages....

298. Op-ed: The two trends for working time

In the discussion about the time we dedicate to our work, a turn of 180 degrees has taken place and this is mainly due to the pandemic....

299. Türk Sen: Sixty Turkish Cypriots have been employed on the Greek Cypriot side

Sixty Turkish Cypriots who had initially applied for jobs in the free zones have already started working and another 40 will be employed on the Greek Cypriot side in the coming days, announced the president of the Turkish Cypriot union, Türk Sen....

300. Flying car cleared for takeoff, but you'll need a pilot's license (video)

A car that can transform into a small aircraft has passed flights tests with flying colors in Slovakia, developers say....