https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-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....
https://knews.kathimerini.com.cy/en/news/cyprus-hourly-labor-costs-in-2020-was-at-€18-10-with-some-exceptions
Based on the findings of the Labor Cost Survey (LCS) conducted by the Cyprus Statistical Service, the hourly labor cost was set at €18.10 with 2020 serving as the benchmark year....
https://knews.kathimerini.com.cy/en/news/digital-controversies
The three front-runners for the presidency of the republic laid out their objectives and ideas for tackling various issues and the nation's shift to a digital economy....
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/eight-weeks-paid-parental-leave-approved-by-cabinet
A new bill on parental leave was approved on Tuesday by the Council of Ministers, which provides, among other things, eight weeks of paid parental leave for parents with children up to 8 years old....
https://knews.kathimerini.com.cy/en/business/€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%....
https://knews.kathimerini.com.cy/en/news/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%....
https://knews.kathimerini.com.cy/en/news/cyprus-ranks-9th-highest-in-eu-in-terms-of-minimum-wage
Cyprus is among the top nine EU countries that enforce a national minimum wage (NMW), says the Ministry of Finance, which notes that currently, 22 member states have institutionalized the minimum amount of remuneration for workers....
https://knews.kathimerini.com.cy/en/news/cyprus-tomorrow-plan-the-legacy-of-the-anastasiades-government
Cyprus President Nicos Anastasiades said he has a “clear conscience” as he delivered on his commitments concerning the creation of a “welfare state with no exclusions,”...
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/business/ecb-hikes-up-interest-rates-75-basis-points-to-1-25
The European Central Bank raised its key interest rates by an unprecedented 75 basis points on Thursday and signalled further hikes, prioritising the fight against inflation even as the bloc's economy is heading for a likely winter recession....
https://knews.kathimerini.com.cy/en/business/100-000-workers-to-benefit-from-established-minimum-wage
The introduction of the national minimum wage in Cyprus, which will affect the salaries of almost 100 thousand workers from the beginning of 2023, has turned into a game of nerves but with an almost happy ending....
https://knews.kathimerini.com.cy/en/news/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....
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/lufthansa-ground-staff-strike-for-higher-pay-amid-inflation
Ground staff at Deutsche Lufthansa went on strike early Wednesday, prompting the cancellation of more than 1,000 flights, and adding to travel disruptions during the busy summer travel season....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/deadline-to-set-cyprus-minimum-wage-moved-up-to-the-21st-or-22nd-of-july
On July 21, or at the latest on July 22, 2022, an agreement will be reached to determine the minimum wage in Cyprus....
https://knews.kathimerini.com.cy/en/news/trade-unions-and-employers-disagree-on-national-minimum-wage-parameters
Efforts to come to an agreement on the establishment of a national minimum wage in Cyprus were unsuccessful during a scheduled meeting on Tuesday held by the President with trade unionists and employers' unions....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/president-formally-appoints-new-labour-minister-deputy-minister-and-director-of-his-office
The appointment ceremony of the new Minister of Labour and Social Insurance Kyriacos Koushos, the new Deputy Minister to the President, Petros Demetriou and the new Director of the President's Office Pantelis Pantelides took place on Monday at the Presidential Palace, in the presence of the President of the Republic Nicos Anastasiades....
https://knews.kathimerini.com.cy/en/news/von-der-leyen-turkey-‘further-away-from-eu
Turkey is now further away from the EU compared to what was happening a quarter of a century ago, according to European Commission President Ursula von der Leyen, in an interview given to a small number of European newspapers, including Kathimerini....
https://knews.kathimerini.com.cy/en/news/1-president-vows-to-carry-on-zeta-s-legacy
Cyprus President Nicos Anastasiades bade farewell on Friday to Labor Minister Zeta Emilianidou, who passed away on Monday after suffering a cerebral aneurysm in May, noting that despite her achievements she remained humble, humane, a respectable lady and that he feels proud of her work...
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/labor-minister-zeta-emilianidou-has-died-aged-68
The Presidency of the Republic has expressed its deepest sorrow over the death of Labour and Social Insurance Minister Zeta Emilianidou....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/pope-francis-says-nato-started-war-in-ukraine-by-‘barking-at-putin-s-door
Since the beginning of Russia’s invasion of Ukraine, Pope Francis has floated the idea that he wants to take a trip to Kyiv to try to broker a ceasefire. But now he says he would prefer to go to Moscow to try to talk some sense into Vladimir Putin, who he has not outwardly condemned in the now nearly three-month-old war and only did so lightly in a lengthy interview with an Italian newspaper....
https://knews.kathimerini.com.cy/en/news/pelted-russian-convoy-in-limassol-goes-viral
Cyprus Police say no complaint was filed regarding a video from Limassol that went viral this week, showing cars with Russian flags being pelted with heavy items at the southern town's seafront...
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/finland-and-sweden-could-join-nato-in-the-summer
Finland and Sweden could soon join NATO, moves that would likely infuriate Moscow and that officials say would further underscore Russia's strategic error in invading Ukraine....
https://knews.kathimerini.com.cy/en/news/counter-protesters-in-cyprus-challenge-pro-russia-rally
Cyprus Police held back Ukrainian demonstrators who attempted to disrupt a pro-Russia rally on Saturday, as a motorcade with tricolor flags headed to Limassol’s seafront to show support as Moscow wages war against Kiev...
