https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/job-vacancies-up-by-an-annual-50-in-cyprus
Job vacancies in the Cypriot labor market rose by 3,716 or by 50.2% in the second quarter of 2022 with the job vacancy rate amounting to 2.7%....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/july-unemployment-down-25-compared-to-same-period-in-2021
Unemployment in Cyprus decreased by 25.4% in July 2022, compared to the same month of 2021. According to data published by the Statistical Service on Wednesday, the unemployed persons, registered at the District Labour Offices on the last day of July 2022, reached 14,145 persons, down from 18,950 registered in July 2021....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/christodoulides-the-undisputed-favorite-in-the-race-for-the-presidency
Nikos Christodoulidis remains the undisputed favorite in the presidential election race, according to a Symmetron poll for "Kathimerini"....
https://knews.kathimerini.com.cy/en/business/unemployment-down-53-8-from-last-year-but-up-16-5-from-last-month
The number of registered unemployed persons at the end of June 2022 decreased by 53.8% compared to June 2021, based on (actual) data kept at the Provincial Labour Offices, falling to 12,332....
https://knews.kathimerini.com.cy/en/news/petrides-a-new-era-of-uncertainty
Uncertainty is the only certain thing in the new era we are entering, said Finance Minister Constantinos Petrides addressing the 14th Congress of the Free Trade Unions of Semi-Governmental Organizations (OHO-SEK)....
https://knews.kathimerini.com.cy/en/news/us-fed-raises-interest-rates-by-75-largest-hike-in-30-years
The US central bank has announced its biggest interest rate rise in nearly 30 years as it ramps up its fight to rein in soaring consumer prices....
https://knews.kathimerini.com.cy/en/news/number-of-registered-unemployed-persons-drops-by-over-66-in-may
The number of unemployed persons, registered at the District Labour Offices registered a steep drop in May declining to 10,586 persons, marking an annual reduction of 66.2%....
https://knews.kathimerini.com.cy/en/news/cyprus-unemployment-rate-down-from-8-4-to-5-4-compared-to-last-year
The seasonally-adjusted unemployment rate in Cyprus reached 5.4% in April 2022, decreasing from 5.8% last month and from 8.4% in April 2021, according to figures published by Eurostat, the statistical office of the European Union....
https://knews.kathimerini.com.cy/en/news/ec-projects-economic-slowdown-and-rising-inflation-for-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....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/the-cypriot-economy-must-be-diversified
An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities on March 11–28, 2022 to discuss recent economic developments and policy priorities....
https://knews.kathimerini.com.cy/en/news/lagarde-cyprus-will-be-affected-by-inflation-and-rising-energy-costs
Cyprus will be affected by inflationary pressures and higher energy costs due to its dependence on oil imports for electricity generation, according to European Central Bank President Christine Lagarde....
https://knews.kathimerini.com.cy/en/news/the-med-gets-first-offshore-wind-farm-as-italy-vows-energy-revolution
The Mediterranean's first offshore wind farm is rising from the shallows off Italy, its turbines a symbol of hope for a Europe suffering an energy crisis exacerbated by war....
https://knews.kathimerini.com.cy/en/news/finance-minister-concerned-over-rising-energy-and-grain-prices
Finance Minister Constantinos Petrides said today that he is concerned about the rising prices of grain and energy and the possibility of 'stagflation', but excluded the possibility of the Cypriot economy slipping into recession....
https://knews.kathimerini.com.cy/en/news/unemployed-persons-in-cyprus-increased-to-15-364-in-february
Officially registered unemployed persons reached 15,364 in February, according to data from the District Labour Offices....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/business/pandemic-to-‘spell-end-of-tax-privileges-for-billionaires
Thomas Piketty is one of the most famous economists in the world. His weighty tomes on inequality and its dangerous consequences for global capitalism have been widely praised by other stars of the dismal science, like Paul Krugman and Robert Solow. ...
https://knews.kathimerini.com.cy/en/business/eurostat-unemployment-at-6-4-in-cyprus-in-december-at-6-4-in-the-eu-and-at-7-0-in-the-eurozone
In December 2021 seasonally-adjusted unemployment rates dropped to 7.0% and 6.4% in the eurozone and the EU respectively, recording a slight decrease compared to November and more significantly compared to last year, according to figures published by Eurostat, the statistical office of the European Union....
https://knews.kathimerini.com.cy/en/business/cyprus-economy-grew-by-5-7-in-2021-according-to-eurostat
The continued high rate of growth in the fourth quarter of 2021 confirms the resilience and dynamism showed by the Cypriot economy and the soundness of our policies, boosting expectations for further growth in 2022, Finance Minister Constantinos Petrides said on Tuesday....
https://knews.kathimerini.com.cy/en/business/cypriot-economy-will-continue-to-recover-output-lost-during-2020
The Cypriot economy in 2021 recovered the output lost during the 2020 COVID crisis and will continue to grow with an average 3.7% in the years 2022 – 2024, the Central Bank of Cyprus expects, according to its economic bulletin, stressing that risks to the baseline scenario are balanced albeit slightly upside concerning inflation....
https://knews.kathimerini.com.cy/en/news/end-of-an-era-germany-s-merkel-bows-out-after-16-years
Angela Merkel was assured of a place in the history books as soon as she became Germany’s first female chancellor on Nov. 22, 2005...
https://knews.kathimerini.com.cy/en/news/former-south-african-president-f-w-de-klerk-dead-at-85
South Africa's last white president F.W. de Klerk, who died on Thursday aged 85, stunned the world when he scrapped apartheid and negotiated a peaceful transfer of power to a Black-led government under Nelson Mandela....
https://knews.kathimerini.com.cy/en/news/rule-stickler-mayor-left-hanging-with-stroke-of-pen
President Nicos Anastasiades used the stroke of a pen on Wednesday to block the closure of a department store in Paphos, a move that left the town’s mayor hanging after he had warned his municipality would not tolerate illegal operations without permits...
https://knews.kathimerini.com.cy/en/life/the-pandemic-adversely-affected-students-mental-health
The effects of the Covid-19 disease pandemic on the quality of life and mental health of students in Cyprus are recorded in a study published in September 2021 by the Frederick University Mental Resilience Research Unit....
