https://knews.kathimerini.com.cy/en/business/employers-and-trade-unions-clash-over-cola-index-proposal
Today, Wednesday, May 3rd, employers will have a meeting regarding the Cost of Living Adjustment (CoLA) index, and on Thursday, May 4th, the trade unions will have theirs....
https://knews.kathimerini.com.cy/en/news/cypriot-hourly-wages-still-under-eu-average
In 2022, the average hourly wages and salaries in the whole economy were estimated to be 15.6 euros in Cyprus, 22.9 euros in the EU and 25.5 euros in the euro area, according to data released by Eurostat, the statistical service of the EU. Compared with 2021, they increased by 7.5% in Cyprus, by 4.4% in the EU and by 4.0% in the euro area...
https://knews.kathimerini.com.cy/en/business/are-you-ready-for-chatgpt-to-take-over-your-job
Since its release in November of last year, OpenAI's ChatGPT has been used to write cover letters, create a children's book, and even help students cheat on their essays....
https://knews.kathimerini.com.cy/en/business/cyprus-hourly-labor-costs-below-eu-average-at-19-4-euros
The average hourly labor costs in Cyprus increased from €18 in 2021 to €19.4 in 2022, according to Eurostat. Hourly labor costs were the lowest in the EU in Bulgaria (€8.2) and Romania (€9.5), and highest in Luxembourg (€50.7), Denmark (€46.8) and Belgium (€43.5). ...
https://knews.kathimerini.com.cy/en/comment/opinion/is-it-the-beginning-of-the-end-of-the-gender-pay-gap
Imagine you are Anna, a dedicated and hardworking engineer with a passion for your work. You've spent years honing your skills and made a significant contribution to your company's success....
https://knews.kathimerini.com.cy/en/news/keravnos-urges-banks-to-restructure-loans-and-keep-rates-low
Cyprus Finance Minister Makis Keravnos has urged banks to restructure loans, maintain low lending rates and bank charges, and increase deposit rates in light of continued basic rate hikes by Central Banks. He warned that otherwise the government "would make different thoughts."...
https://knews.kathimerini.com.cy/en/news/europe-s-largest-economy-paralyzed-over-strikes
Airports and bus and train stations across Germany were at a standstill on Monday, causing disruption for millions at the start of the working week during one of the largest walkouts in decades as Europe's biggest economy reels from inflation....
https://knews.kathimerini.com.cy/en/news/employers-and-labor-unions-can-t-agree-on-cola-issue
Employers and unions continue to take opposing positions on the issue of Cost of Living Allowance. (COLA). One of the most pressing issues for the Labour Minister, who has already held the first separate meetings with the four unions PASYDY, PEO, SEK, and DEOK.
...
https://knews.kathimerini.com.cy/en/news/brussel-s-wager
The next three days will be a frenzy of diplomatic activity for Nicosia, as the European Council meets in Brussels on March 23-24. ...
https://knews.kathimerini.com.cy/en/news/one-in-two-cypriots-considers-it-easy-to-start-a-business
Approximately one in two Cypriots considers it easy to start a business in Cyprus, according to the Global Entrepreneurship Monitor (GEM) Cyprus Report 2021/2022...
https://knews.kathimerini.com.cy/en/news/cyprus-scraps-online-migration-appointments-after-scandal
Immigration authorities in the Republic of Cyprus scrapped an online appointment platform on Monday after allegations were made public about agents selling available slots to foreigners for profit and causing months of waiting for those who did not shell out the cash...
https://knews.kathimerini.com.cy/en/news/inflation-sees-downward-trend-for-7th-month-in-a-row
The cost of living in Cyprus has decreased for the seventh month in a row, with the rate of inflation dropping to 6.7% in February. This is down from a peak of 10.6% in July 2022. ...
https://knews.kathimerini.com.cy/en/news/it-s-been-10-years-since-the-haircut
In March 2023, Cyprus will mark 10 years since the deposit haircut. Ten years after the 2013 crisis, Cyprus looks completely different. During this decade, many changes have taken place and its citizens have experienced many different situations,...
https://knews.kathimerini.com.cy/en/news/man-ordered-to-pay-wife-200-000-euros-for-25-years-of-housework
A Spanish court ordered a man to pay his ex-wife 200,000 euros for 25 years of unpaid domestic labor, based on the minimum wage throughout their marriage, court documents showed Tuesday....
https://knews.kathimerini.com.cy/en/news/minister-of-labor-in-the-hot-seat-on-cola-issue
The President of the Republic's directive to the new members of the government that there is no time to waste and that the government should ramp up the initiation of its projects effectively overrides some ministries where pending issues are pressing. ...
https://knews.kathimerini.com.cy/en/news/turkey-rejects-links-between-nato-expansion-f-16-deal
US Secretary of State Antony Blinken on Monday called for Sweden and Finland to be accepted into NATO 'as quickly as possible,' although his Turkish counterpart dismissed the possibility of any link between their accession and Turkey’s request for F-16 fighter jets...
https://knews.kathimerini.com.cy/en/news/lagarde-announces-a-new-interest-rate-hike-in-march
European Central Bank President Christine Lagarde reiterated in a speech to the European Parliament that the ECB intends to raise borrowing costs by half a point next month....
https://knews.kathimerini.com.cy/en/business/companies-laying-off-employees-to-hire-new-ones-at-lower-salaries
Keri and other recruiters say that candidate offers are now much lower and look more like those from 2019 — before the pandemic kicked off the Great Resignation, before Big Tech went on a hiring spree, and before anyone had heard of "quiet quitting."...
https://knews.kathimerini.com.cy/en/comment/opinion/disy-will-now-face-difficult-decisions
The embarrassed expressions on the faces of government and DISY executives who had rallied around Averof Neophytou after his defeat were indicative of the difficult dilemmas DISY will face in the coming day. ...
https://knews.kathimerini.com.cy/en/news/the-new-president-and-finance-minister-will-face-new-challenges
We are only a few days away from voting for the new President of the Republic. ...
https://knews.kathimerini.com.cy/en/news/wronged-worker-slams-cyprus-over-migration-crisis
Thousands of asylum seekers in Cyprus were sent back to their countries last year but one foreign worker, who feels he has no good options following a dispute with his employer, says many people who come to work on the island are forced to seek asylum because the system is not in their favor...
https://knews.kathimerini.com.cy/en/news/cyprus-plays-leading-role-in-natural-disaster-research-in-the-south-med
Today, a strategic project of particular significance for Cyprus was officially launched at the CERIDES Centre of Excellence of the European University Cyprus in the presence of Environment Commissioner Clelia Vassiliou. ...
https://knews.kathimerini.com.cy/en/business/strike-trade-unions-call-for-cola-agreement
Hundreds of workers gathered outside the Finance Ministry today calling for the full reinstatement of COLA (Cost of Living Allowance). ...
https://knews.kathimerini.com.cy/en/news/strike-set-to-affect-flights-in-cyprus
Cyprus is bracing for a national three-hour strike on Thursday, between 12 noon and 3 pm, which is expected to affect most aspects of public life in the republic including transport and air traffic...
https://knews.kathimerini.com.cy/en/news/school-exams-rescheduled-to-accommodate-major-strike
Unionized teachers in the Republic of Cyprus have secured a time change for school exams on Thursday so that members can take part in a major strike to demand restoration of pre-crisis wage indexation mechanisms for union workers...
https://knews.kathimerini.com.cy/en/news/lavrov-gives-reporter-a-mouthful-after-cyprus-question
A question asked by a Greek reporter was met with a long-drawn-out response from Russian Foreign Minister Sergey Lavrov, who suggested European leaders were 'hasty' in their support for Kiev including traditional friends Greece and Cyprus who followed American advice...
https://knews.kathimerini.com.cy/en/news/cavusoglu-to-travel-to-us-amid-troubled-ties
Turkey and the United States will aim to smooth out a series of disagreements between the NATO allies when the Turkish foreign minister visits Washington this week. But expectations that outstanding issues can be resolved are low....
https://knews.kathimerini.com.cy/en/news/nikos-christodoulides-discussing-changes-to-the-guterres-framework
"I didn't hear anyone mention Mr. Kasoulides, the foreign minister, after the wreckage in Crans Montana. Nobody could blame him. He was not the most directly involved, nor was he the one who would take the final decisions..." ...
https://knews.kathimerini.com.cy/en/business/cyprus-national-minimum-wage-takes-effect-on-first-day-of-2023
National Minimum Wage in effect in Cyprus for the first time in January...
https://knews.kathimerini.com.cy/en/news/russia-puts-greece-on-notice-over-cyprus-s-300-missiles
Moscow is warning Athens that a potential transfer of Cyprus’ Russian-made S-300 missile defense system from Greece to Ukraine would be 'a blatantly aggressive move against Russia'...
