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12° Nicosia,
20 July, 2024
 

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Displaying results 1-30 of 267 matches for query wage.

1. Chamber of Commerce warns of risks from Cyprus’ 1.5% wage hike

https://knews.kathimerini.com.cy/en/news/chamber-of-commerce-warns-of-risks-from-cyprus-1-5-wage-hike

The Cyprus Chamber of Commerce and Industry (CCCI) has expressed concern over a new agreement between the Ministry of Finance and public sector unions to grant a 1.5% general wage increase starting in October 2024....

2. ECB keeps interest rates steady amid mixed inflation signals

https://knews.kathimerini.com.cy/en/news/ecb-keeps-interest-rates-steady-amid-mixed-inflation-signals

The European Central Bank decided today to keep its key interest rates unchanged, as anticipated. This means the rates for main refinancing operations, marginal financing, and deposit facilities remain steady at 4.25%, 4.50%, and 3.75%, respectively....

3. Laughable disclosures as Cyprus politicians' financial woes unveiled

https://knews.kathimerini.com.cy/en/comment/opinion/laughable-disclosures-as-cyprus-politicians-financial-woes-unveiled

Once again, this year’s financial disclosures from our members of parliament are filled with laughable and tragic statements. Marinos Sizopoulos must be having a hard time making ends meet, ...

4. Scottish Secretary resigns amid UK election betting scandal

https://knews.kathimerini.com.cy/en/news/scottish-secretary-resigns-amid-uk-election-betting-scandal

The unfolding scandal surrounding bets on the UK government's election date deepened significantly yesterday with the revelation......

5. Rentals rise as home ownership trends change

https://knews.kathimerini.com.cy/en/comment/opinion/rentals-rise-as-home-ownership-trends-change

Around 20-25 years ago, Cyprus was renowned for having one of the highest rates of home ownership globally, with figures nearly reaching 78% - 80%, as per the data available then....

6. Public sector doctors to strike over pay dispute

https://knews.kathimerini.com.cy/en/news/public-sector-doctors-to-strike-over-pay-dispute

Public sector doctors in Cyprus are set to embark on a 48-hour strike starting July 2, following failed negotiations with the State Health Services Organisation (SHSO) regarding the payment of accrued wages under an incentive agreement....

7. CBC projects 3% GDP growth in 2024

https://knews.kathimerini.com.cy/en/news/cbc-projects-3-gdp-growth-in-2024

The Central Bank of Cyprus has revised its 2024 forecast for GDP growth to 3%, from 2.8% that was expected last March, mainly due to the upward revision of domestic demand, while it maintained its forecast for growth in the years 2025 and 2026, at 3.1% and 3.2%, respectively....

8. Cyprus labour costs increase by 4.9%

https://knews.kathimerini.com.cy/en/news/cyprus-labour-costs-increase-by-4-9

Cyprus has reported a 4.9% rise in hourly labour costs (total cost) during the first quarter of 2024 compared to the same period last year, according to data released on Monday by the Statistical Service of Cyprus. ...

9. 'The fifth phalanx'

https://knews.kathimerini.com.cy/en/comment/opinion/the-fifth-phalanx

The coming of age of my generation coincided with Cyprus' first appearance in the European Parliament in 2004. A generation that saw the EU as the vehicle for its hope—hope for change and reunification of the country....

10. Cyprus inflation could offset ECB rate cut benefits

https://knews.kathimerini.com.cy/en/news/cyprus-inflation-could-offset-ecb-rate-cut-benefits

The European Central Bank (ECB) cut its three key interest rates by 25 basis points on Thursday, marking the first reduction after nearly two years of increases or stasis. ...

11. Beyonce's producer accused of repeated sexual assault

https://knews.kathimerini.com.cy/en/news/beyonce-s-producer-accused-of-repeated-sexual-assault

Grammy award-winning producer and songwriter The-Dream has been accused of rape and sexual battery, according to a lawsuit filed in Los Angeles...

12. 31,000 children in Cyprus below poverty line

https://knews.kathimerini.com.cy/en/news/31-000-children-in-cyprus-below-poverty-line

The percentage of children at or below the poverty line in Cyprus stood at 18.1% in 2022, equivalent to around 31 thousand children according to Eurostat......

13. 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....

14. Cyprus wins IMF praise for strong recovery

https://knews.kathimerini.com.cy/en/news/cyprus-wins-imf-praise-for-strong-recovery

The International Monetary Fund (IMF) has praised Cyprus for its robust economic recovery and fiscal discipline, recommending continued efforts......

15. A picture is worth a thousand words

https://knews.kathimerini.com.cy/en/comment/opinion/a-picture-is-worth-a-thousand-words

A picture is worth a thousand words, a picture is a gut punch. In Paphos, a woman with a cane lies on the ground in front of a bus stop. Thousands of similar scenes unfold across Nicosia and other cities,...

16. Labor shortage hits Antiparos island

https://knews.kathimerini.com.cy/en/comment/opinion/labor-shortage-hits-antiparos-island

The small Aegean island of Antiparos is in a fever of preparations for the summer’s tourism miracle. ...

17. International student numbers fall in UK universities

https://knews.kathimerini.com.cy/en/news/international-student-numbers-fall-in-uk-universities

Universities are reporting a steep drop in international students applying to come to the UK, amid warnings that further restrictions on student visas would torpedo a vital flow of talent for Britain’s creative industries....

18. Former Central Bank Governor reflects on achievements and future plans

https://knews.kathimerini.com.cy/en/news/former-central-bank-governor-reflects-on-achievements-and-future-plans

In an exclusive interview with Andreas Kimitris of Kathimerini, former Cyprus Central Bank Governor Constantinos Herodotou delved into various aspects of his tenure and the hurdles encountered during his term. ...

19. Cyprus welcomes foreign workers amidst hotel staffing crisis

https://knews.kathimerini.com.cy/en/news/cyprus-welcomes-foreign-workers-amidst-hotel-staffing-crisis

The accord forged by the Ministry of Labour alongside employer and trade union representatives to tackle workforce shortages, especially prevalent......

20. Greek workers strike paralyzes transport services

https://knews.kathimerini.com.cy/en/business/greek-workers-strike-paralyzes-transport-services

In Greece, transport services came to a standstill on Wednesday as workers across various sectors participated in a 24-hour strike, demanding higher pay to offset the increasing cost of living...

21. Middle East conflict fuels fear of $100 per barrel

https://knews.kathimerini.com.cy/en/news/middle-east-conflict-fuels-fear-of-$100-per-barrel

The recent Iranian attack on Israel serves as a stark reminder of the ever-shifting geopolitical dynamics in the Middle East, with potential ramifications extending......

22. Lagarde signals Eurozone interest rate drop in June

https://knews.kathimerini.com.cy/en/news/lagarde-signals-eurozone-interest-rate-drop-in-june

The President of the European Central Bank, Christine Lagarde, has hinted at the possibility of a rate cut in June, citing the need for more data......

23. Businesses turn to banks amid funding crunch

https://knews.kathimerini.com.cy/en/business/businesses-turn-to-banks-amid-funding-crunch

In 2023, businesses encountered a tough road ahead when it came to securing loans, as costs continued to climb....

24. Insights of the first Women Leaders’ Forum

https://knews.kathimerini.com.cy/en/news/insights-of-the-first-women-leaders-forum

On Tuesday, 26/03/24 the Women Leaders’ Forum 2024-IMH took place at Hilton in Nicosia. During the forum, business and professional sector leaders shared their insights on building, sustaining...

25. 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....

26. Cyprus economy holds steady amid challenges

https://knews.kathimerini.com.cy/en/news/cyprus-economy-holds-steady-amid-challenges

Canadian credit rating agency DBRS Ratings GmbH (Morningstar DBRS) has affirmed the Republic of Cyprus's long-term ratings, maintaining it at BBB (high) with a stable economic outlook. ...

27. 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. ...

28. European Commission flags trade risks for Cyprus economy

https://knews.kathimerini.com.cy/en/news/european-commission-flags-trade-risks-for-cyprus-economy

The Cypriot economy is on a sound footing due to solid economic growth and declining inflation, but its high integration with EU and non-EU economies make geopolitical and trade tensions......

29. Understaffing woes grip Cyprus' Shipping Deputy Ministry

https://knews.kathimerini.com.cy/en/news/understaffing-woes-grip-cyprus-shipping-deputy-ministry

Cyprus' public sector, particularly the Ministry of Shipping, continues to grapple with significant understaffing issues, raising concerns about operational effectiveness....

30. Cyprus labor costs surge 5.4%

https://knews.kathimerini.com.cy/en/business/cyprus-labor-costs-surge-5-4

In the 4th quarter of 2023, the hourly labour costs (total cost) increased by 5.4%, compared with the same quarter of the previous year, according to provisional data, published by the Statistical Service on Tuesday....

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