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61. WOLT delivery drivers: Labor violations confirmed, fines to be imposed

Following interviews with 94 deliverymen working for an online platform, the director of the Labour Relations Department of the Labour Ministry, Antis Apostolou, said on Wednesday that violations relating to undeclared work and non-licensing to employ third-country nationals have in some cases come to light....

62. The fall

The tale of Eva Kaili is a metaphor for the glitzy, quick ascent to power in politics and the ultimate fall from grace brought on by dishonesty. After all, a corrupt politician is one who has been bribed by the state or a private individual....

63. Cop screams at Wolt drivers during protest in Cyprus

Wolt drivers in the Republic of Cyprus carried on with demonstrations this week over working conditions and compensation, with one cop known as ‘Black Widow’ getting into a shouting match with food couriers who took to the streets of the capital...

64. Tying up loose ends at Hellenic

Hellenic Bank experienced several changes in 2022, as it closed outstanding issues while also opening new chapters. Hellenic Bank made changes to its top management, staff, shareholding composition, and labor issues in the fourth quarter of 2022, ...

65. The pay gap between men and women in Cyprus is at 9%.

Gender Equality Commissioner Josephine Antoniou said in a message on the European Union's Equal Pay Day that the pay gap between men and women in Cyprus is 9%, which means that women earn 91 cents for every euro earned by men....

66. Why inequality is growing in the US and around the world

U.S. income inequality grew in 2021 for the first time in a decade, according to data the Census Bureau released in September 2022....

67. 'Resistance to change is the main issue in digital transformation'

The biggest problem faced in the effort for digital transformation is resistance to change, Cyprus’ Deputy Minister for Research, Innovation and Digital Policy, Kyriacos Kokkinos said on Monday in parliament where he presented his Deputy Ministry’s budget for 2023 and the work it has carried out during the past two years since its establishment....

68. Unmarried added as afterthought in paid parental leave bill

Cypriot lawmakers this week criticized a bill on paid parental leave after it emerged that unmarried parents were not included in the legislation scheduled to go into effect before the year is out...

69. Average employee gross earnings up 3.2% in 2021

The average gross monthly earnings of employees for 2021 increased by 3.2% compared to 2020 to €2,067, reaching a decade high....

70. How much loan can a couple with an income of €2,000 get?

Housing loans are an issue that inevitably affects a large number of young couples. Because housing prices have skyrocketed while wages have remained stagnant, the need for housing leads to borrowing....

71. €100 increase in average gross monthly earnings in Q2 2022

The average gross monthly earnings of employees increased by €100 in the second quarter of 2022, according to provisional data, published by Cyprus Statistical Service on Wednesday. In particular, they reached €2,081, compared to €1,982 in the same period of 2021, recording an increase of 5%....

72. Reuters: 'escape' flights from Russia skyrocket after military draft begins

A sharp rise in internet searches and the purchase of tickets for flights "fleeing" from Russia is reported by Reuters, in the wake of the partial conscription announced by Vladimir Putin, seven months after the invasion of Ukraine....

73. Gender pay gap in Cyprus at 9%, needs improvement

Commissioner for Gender Equality, Iosifina Antoniou, in her statement for International Equal Pay Day, highlights the long-standing struggles to achieve equal pay for work of equal value between men and women, noting that the wage gap in Cyprus continues to exist and stands at 9%....

74. EU to set new rules on minimum wage

The need for the immediate adoption of an adequate minimum wage that will allow employees to live with dignity was discussed by the Plenary of the European Parliament on Tuesday, which is expected to vote on a relevant directive on Wednesday....

75. Cyprus' minimum wage set at 940 euros per month

The Minister of Labour and Social Insurance, Kyriakos Kousios, announced the establishment of the National Minimum Wage after the meeting of the Council of Ministers, calling it a historic day for the welfare state....

76. 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....

77. 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....

78. 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...

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

80. Nouris: 'We have reached the point where migrants call the police and ask to be picked up'

In a bill submitted to Parliament, the Ministry of Justice and the Ministry of Interior are requesting the recruitment of 300 special police officers with a contract of up to 28 months to monitor the green line and conduct other tasks relating to the increased migration flow into the Republic of Cyprus....

81. 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....

82. Op-ed: Inflation welcomes 'Generation Z'

Inflation is the rate at which prices rise, which means that we need more money to buy the same product or service. Consequently, if your salary stays the same, then your purchasing power will decrease, as you will be able to buy fewer goods and services....

83. Coca-Cola, Starbucks and McDonald’s suspend operations in Russia

Coca-Cola, Starbucks, and McDonald’s have suspended operations in Russia in response to its invasion of Ukraine....

84. 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. ...

85. Emilianidou: 'Pay gap between men and women has sufficiently declined'

"Despite progress in reducing the pay gap between men and women in Cyprus, we are continuing efforts to reduce and eradicate the disparity," Minister of Labour, Welfare and Social Insurance Zeta Emilianidou said on the occasion of Equal Pay Day....

86. Cyprus expected to introduce a national minimum wage by the end of January 2022

Cyprus is expected to introduce a national minimum wage by the end of January 2022. According to information, the national minimum wage will be set at 45% - 60% of the national median salary in Cyprus which is 1,573 euros....

87. Greek labor market needs skilled workers

The local labor market will operate under new conditions in 2022, as the last couple of years has already seen the imposition of changes due to the pandemic....

88. Employers must pay at least 28 euros per month to teleworking employees in Greece

Employers will have to pay a minimum compensation of 28 euros per month to each of their employees who are teleworking,...

89. Discussions with ILO to set Cyprus minimum wage to 55%-66% of national median

Although still being discussed, and will continue until year's end, the national minimum wage in Cyprus is likely to range from 865.1 euros to 1,038.1 euros....

90. Volunteerism czar resigns over 'fake resume'

The Cypriot volunteerism commissioner has resigned his position following allegations that he manipulated high school grades on his report card and included a fake college degree on his resume...