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12° Nicosia,
20 June, 2024
 

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Displaying results 1-30 of 71 matches for query pensions.

1. Cyprus achieves €600 million fiscal surplus in Q1 2024

https://knews.kathimerini.com.cy/en/news/cyprus-achieves-€600-million-fiscal-surplus-in-q1-2024

Cyprus generated a fiscal surplus close to €600 million in the first quarter of 2024, marking an increase of 58% year on year, driven by the rise in state revenue which exceeded the rise in spending....

2. 153,000 people struggle with low incomes and high living costs

https://knews.kathimerini.com.cy/en/news/153-000-people-struggle-with-low-incomes-and-high-living-costs

The share of Cyprus' population at risk of poverty or social exclusion remained steady at 16.7% in 2023, according to the Statistical Service of Cyprus (Cystat). This means that approximately 153,000 people in Cyprus are struggling with low incomes and high living costs....

3. Government clears €564.2 million in outstanding debts

https://knews.kathimerini.com.cy/en/news/government-clears-€564-2-million-in-outstanding-debts

The General Accounting Office of the Republic announced that a significant sum of €564.2 million has been cleared by the government from November 2013 to April 2024. This extensive effort aims to address outstanding debts owed to various government departments and agencies....

4. Millions saved in Cyprus pension reform

https://knews.kathimerini.com.cy/en/news/millions-saved-in-cyprus-pension-reform

The saga surrounding multiple pensions remains in limbo, as two bills navigate the corridors of power, scrutinized by the Presidential office, Cabinet, and Parliament....

5. Cyprus government under fire for multiple pension issue

https://knews.kathimerini.com.cy/en/news/cyprus-government-under-fire-for-multiple-pension-issue

The ongoing debate over multiple pensions for former and current state officials has taken center stage in Cyprus, with the government facing criticism from political parties and the Audit Office....

6. Cyprus grapples with €80 million surge in state budget deficit for 2023

https://knews.kathimerini.com.cy/en/news/cyprus-grapples-with-€80-million-surge-in-state-budget-deficit-for-2023

The state budget deficit for 2023 increased by €80 million compared to the deficit recorded in 2022, according to the Fiscal Report of the Republic of Cyprus for 2023, submitted to the House of Representatives....

7. Cyprus' economic resilience earns high credit rating confirmation

https://knews.kathimerini.com.cy/en/news/cyprus-economic-resilience-earns-high-credit-rating-confirmation

International rating agency Morningstar DBRS has confirmed Cyprus’ BBB (high) long-term credit rating with a stable trend, noting that favourable economic prospects balance downside risks. ...

8. Finance Minister unveils plan to end multiple pensions for MPs

https://knews.kathimerini.com.cy/en/news/finance-minister-unveils-plan-to-end-multiple-pensions-for-mps

The government aims for a complete abolition of multiple pensions for state officials and members of parliament through a proposal encompassing two bills. ...

9. Netherlands tops global pension charts

https://knews.kathimerini.com.cy/en/news/netherlands-tops-global-pension-charts

A recent analysis by the Mercer CFA Institute has identified European nations as leaders in global pension systems. The Netherlands secures the top spot in the rankings, with Iceland and Denmark following closely behind....

10. Cyprus development expenditure: 2023 surpasses €1B

https://knews.kathimerini.com.cy/en/news/cyprus-development-expenditure-2023-surpasses-€1b

The realization of state budget development expenditure in 2023 reached 72% compared to 70% in 2022 and the average of 69% over the last decade, according to a Treasury report released on Wednesday....

11. Digital Citizen initiative for streamlined services

https://knews.kathimerini.com.cy/en/news/government-s-digital-citizen-app-faces-glitches

President Nikos Christodoulides announced a series of policy actions aimed at improving citizens' daily lives and enhancing their overall quality of life, alongside legislative and other initiatives geared towards modernizing state structures and institutions....

12. Cyprus exposes 25 cases of dual pensions and salaries

https://knews.kathimerini.com.cy/en/news/cyprus-exposes-25-cases-of-dual-pensions-and-salaries

Around 25 citizens and officials in the Republic of Cyprus are receiving double pay—pension plus salary, according to the Republic's Auditor General....

13. Germany's model links retirement age to life expectancy

https://knews.kathimerini.com.cy/en/news/germany-s-model-links-retirement-age-to-life-expectancy

The consequences of an aging population have for many years been a headache for many countries, including Greece, and have provoked opposition from many politicians and public opinion,...

14. France 24: Choosing between heating and eating

https://knews.kathimerini.com.cy/en/news/choosing-between-heating-and-eating

A recently released report from the French charity Secours Catholique underscores the alarming rise in poverty numbers, with a record one million people seeking assistance in 2022, up from 780,000 the previous year. ...

15. Minister unleashes 4% boost for retirees

https://knews.kathimerini.com.cy/en/news/minister-unleashes-4-boost-for-retirees

In a significant move to enhance the well-being of pensioners, Labor and Social Insurance Minister Yiannis Panayiotou declared a nearly 4% increase in basic pensions for the upcoming year....

16. The mystery of Cyprus' social insurance fund

https://knews.kathimerini.com.cy/en/news/the-mystery-of-cyprus-social-insurance-fund

The Republic of Cyprus achieved its first significant milestone with the establishment of the Social Insurance System, originally introduced during the colonial era. ...

17. Labour Minister discusses pension relief proposal on SPOR FM

https://knews.kathimerini.com.cy/en/news/labour-minister-discusses-pension-relief-proposal-on-spor-fm

Greek Minister of Labour Yannis Panagiotou addressed the proposal to exempt the basic pension from the actuarial reduction of 12% for employees with 40 years of contributions during an interview with SPOR FM and the show Diaspora News....

18. Full basic pension exempted from actuarial reduction

https://knews.kathimerini.com.cy/en/news/full-basic-pension-exempted-from-actuarial-reduction

The Minister of Labor, Yiannis Panayiotou, presented a proposal at the Social Insurance Council meeting, exempting the full basic pension from a 12% actuarial reduction for employees with 40 years of contributions. This proposal aims to relieve actuarial reductions for early pensions. ...

19. Austria allocates €33m for wrongly convicted gay men

https://knews.kathimerini.com.cy/en/news/austria-allocates-€33m-for-wrongly-convicted-gay-men

A historic proposal by the Austrian Ministry of Justice sees €33m set aside to compensate those who were wrongly convicted - but critics say the amount on offer is not enough....

20. New measures unveiled for energy and housing

https://knews.kathimerini.com.cy/en/news/new-measures-unveiled-for-energy-and-housing

In a decisive move to support Cyprus' households and businesses, the Council of Ministers, under the leadership of President Nikos Christodoulides, unveiled a comprehensive package of immediate and medium-term measures today....

21. Netherlands tops global pension rankings with AI-driven excellence

https://knews.kathimerini.com.cy/en/news/netherlands-tops-global-pension-rankings-with-ai-driven-excellence

A new analysis, ranking 47 pension systems across the world, has shed light on the growing impact of AI on pension systems....

22. Foreign company hired to clean Cyprus' reputation – but is it really dirty?

https://knews.kathimerini.com.cy/en/comment/opinion/foreign-company-hired-to-clean-cyprus-reputation-–-but-is-it-really-dirty

The Ministry of Foreign Affairs has assigned a foreign company the Herculean task of orchestrating a campaign to cleanse Cyprus' tarnished reputation abroad....

23. Politics in the age of virality

https://knews.kathimerini.com.cy/en/comment/opinion/politics-in-the-age-of-virality

Stephanos Kasselakis' recent visit to Cyprus and his carefully crafted statements following his meeting with the President of the Republic have highlighted a significant shift in politics. It seems that politics today can be reduced to a formula, easily memorized and executed....

24. Cyprus politicians' perks and pensions - excessive or fair?

https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-politicians-perks-and-pensions-excessive-or-fair

The political landscape in Cyprus is abuzz once again, as opposition parties seize yet another opportunity to level criticism at President Christodoulides. ...

25. President will not waive pension

https://knews.kathimerini.com.cy/en/news/president-will-not-waive-pension

Speaking on state radio regarding pensions and simultaneous salary payments to high-ranking state officials, Mr. Letymbiotis stated that no one can renounce their pension....

26. The President's rainy rhetoric on his undisclosed income

https://knews.kathimerini.com.cy/en/comment/opinion/the-president-s-rainy-rhetoric-on-his-undisclosed-income

''The weather may be rainy, but the clear sky isn't afraid of lightning.'' With this romantic and poetic line, the president responded to his critics regarding the issue of his undisclosed income. It's as if the man doesn't even deserve a small oversight....

27. President's silent pension raises eyebrows

https://knews.kathimerini.com.cy/en/news/president-s-silent-pension-raises-eyebrows

Both the President of the Republic and members of Parliament have emphasized the necessity of legislative regulation to put an end to the simultaneous receipt of public employee pensions and salaries by political officials. ...

28. Surgery cost inquiry leads to heated confrontation with doctor

https://knews.kathimerini.com.cy/en/news/surgery-cost-inquiry-leads-to-heated-confrontation-with-doctor

The Patient Rights Observatory of the Federation of patient associations of Cyprus (OSAK) has recently received complaints regarding various issues related to healthcare services in Cyprus....

29. 15.4% spike in public expenditure for 2024

https://knews.kathimerini.com.cy/en/news/15-4-spike-in-public-expenditure-for-2024

In the 2024 Budget, there's a notable rise of EUR 0.5 billion in public personnel expenditure. According to the Council of Ministers' approved budget table for 2024, this marks a substantial increase of 496 million euros. In terms of percentages, this surge amounts to 15.4% compared to the personnel expenditure allocated for the public sector in 2023....

30. Christodoulides takes on migration, housing, and traffic head-on

https://knews.kathimerini.com.cy/en/news/christodoulides-takes-on-migration-housing-and-traffic-head-on

Migration, housing and traffic are the subjects the President of the Republic, Nikos Christodoulides focuses on, aiming for immediate and effective resolution, he said, speaking at the regular meeting of the Board of Directors of Cyprus Employers and Industrialists Federation (OEB) in Limassol on Wednesday afternoon....

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