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12° Nicosia,
24 April, 2025
 

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Displaying results 1-30 of 155 matches for query wages.

1. Tourism win, housing headache as Airbnbs boom in Cyprus

https://knews.kathimerini.com.cy/en/news/tourism-win-housing-headache-as-airbnbs-boom-in-cyprus

With over 12,000 short-term rentals currently in operation (and counting), Cyprus has become a hotspot for travelers seeking more flexible and often cheaper accommodation than traditional hotels. ...

2. Waitstaff say employers are pocketing their tips

https://knews.kathimerini.com.cy/en/news/waitstaff-say-employers-are-pocketing-their-tips

Some restaurant and café workers in Cyprus are raising the alarm over a shady practice happening behind the scenes: tips meant for staff are being kept by employers or used to top up wages, according to complaints made to MPs....

3. IMF: Cyprus public sector salaries 27% higher than private sector

https://knews.kathimerini.com.cy/en/news/imf-cyprus-public-sector-salaries-27-higher-than-private-sector

In a recent report released by the International Monetary Fund (IMF), the gap between salaries in the public and private sectors in Cyprus has been laid bare; public sector wages are 27% higher, with the discrepancy reaching 32% among those with higher education qualifications....

4. Cyprus gets credit rating boost: What it means for the economy

https://knews.kathimerini.com.cy/en/news/cyprus-gets-credit-rating-boost-what-it-means-for-the-economy

Cyprus received a major financial boost as credit rating agency Morningstar DBRS upgraded the country’s credit rating to A (low) from BBB (high), marking a key step in the country’s economic progress. ...

5. Larnaca port workers stage 24-hour strike over safety and unloading delays

https://knews.kathimerini.com.cy/en/business/larnaca-port-workers-stage-24-hour-strike-over-safety-and-unloading-delays

Workers at the Port of Larnaca kicked off a 24-hour warning strike on Monday morning, blocking the port entrance in protest of unsafe working conditions and issues with the cargo unloading process....

6. Cyprus' economic growth faces challenges, lenders highlight key concerns

https://knews.kathimerini.com.cy/en/business/cyprus-economic-growth-faces-challenges-lenders-highlight-key-concerns

The Cypriot economy is showing strong signs of growth, with GDP expected to rise by over 3% and unemployment dropping below 5% in 2024. Private consumption continues to play a key role in driving this growth. ...

7. Whispers of power, lent-friendly meals, and a mission impossible

https://knews.kathimerini.com.cy/en/comment/opinion/whispers-of-power-lent-friendly-meals-and-a-mission-impossible

These are whispers—'Whispers of the Heart', as Michalis Hatzigiannis once sang—so take them with a grain of salt. A meeting reportedly took place between Young Nikos and Elder Nikos....

8. President Christodoulides: ‘Together, we are changing Cyprus’

https://knews.kathimerini.com.cy/en/news/president-christodoulides-‘together-we-are-changing-cyprus

President Nicos Christodoulides reflected on his administration’s accomplishments during a televised sit-down with journalists, marking two years since he took office....

9. Government announces minimum wage increase for hotel workers

https://knews.kathimerini.com.cy/en/business/government-announces-minimum-wage-increase-for-hotel-workers

President Nikos Christodoulides highlighted key economic and labor policy decisions today during a Council of Ministers meeting at the Presidential Palace, emphasizing efforts to boost employment and attract Cypriot professionals back home....

10. Is Cyprus' public sector too large? Hiring freeze lifted amid rising costs.

https://knews.kathimerini.com.cy/en/news/is-cyprus-public-sector-too-large-hiring-freeze-lifted-amid-rising-costs

The Cyprus government is set to fully lift the ban on hiring permanent public sector employees, marking a significant shift from austerity measures imposed over a decade ago....

11. Private kindergarten teachers oppose extended hours

https://knews.kathimerini.com.cy/en/news/private-kindergarten-teachers-oppose-extended-hours

Extending the operating hours of private kindergartens will negatively impact teachers....

12. Schools in Dromolaxia-Meneou face closure

https://knews.kathimerini.com.cy/en/news/schools-in-dromolaxia-meneou-face-closure

Twelve schools in the Dromolaxia-Meneou municipality in are at risk of closure on Monday due to a strike by school staff over unpaid wages....

13. A little extra for everyone as pensions get a new year's boost

https://knews.kathimerini.com.cy/en/news/a-little-extra-for-everyone-as-pensions-get-a-new-year-s-boost

The Council of Ministers has approved an increase in pensions from the Social Insurance Fund (TKA) starting in January 2025....

14. Europe’s salary showdown

https://knews.kathimerini.com.cy/en/business/europe-s-salary-showdown

Curious about which European countries are paying the best?...

15. Panagiotou: Best labor market performance in the last 15 years

https://knews.kathimerini.com.cy/en/business/panagiotou-best-labor-market-performance-in-the-last-15-years

The labor market in 2024 is achieving its strongest performance in the past 15 years, driven by increased job creation, employment growth, reduced unemployment, and rising wages....

16. Housing crisis looms as Limassol property prices skyrocket (video)

https://knews.kathimerini.com.cy/en/news/housing-crisis-looms-as-limassol-property-prices-skyrocket

Limassol has seen a dramatic surge in property prices over the past five years, with rents and home prices doubling—and in some cases, tripling....

17. Greek workers strike over rising costs and low wages

https://knews.kathimerini.com.cy/en/news/greek-workers-strike-over-rising-costs-and-low-wages

Greek workers are currently on strike today, Wednesday, causing disruptions at ports, and on buses and trains. The nationwide strike, which includes transport workers, doctors, teachers, and construction workers, is a protest against rising living costs and demands for higher wages....

18. Cyprus' average monthly salary reaches €2,250 in 2023

https://knews.kathimerini.com.cy/en/news/cyprus-average-monthly-salary-reaches-€2-250-in-2023

Cyprus saw a notable increase in average salaries in 2023. According to the latest figures from the Cyprus Statistical Service, the average gross monthly salary for employees on the island reached €2,363 in 2023, ...

19. Filipino seafarers fight for equal pay in billion-euro shipping industry

https://knews.kathimerini.com.cy/en/news/filipino-seafarers-fight-for-equal-pay-in-billion-euro-shipping-industry

In a significant case highlighting wage disparities in the maritime industry, a Filipino seafarer is challenging the unequal pay practices faced by workers from Southeast Asia compared to their European counterparts in the Netherlands....

20. Cypriot banks sending loans abroad: A growing risk?

https://knews.kathimerini.com.cy/en/comment/opinion/cypriot-banks-sending-loans-abroad-a-growing-risk

Yesterday, I had a conversation with someone who truly understands banking—probably more knowledgeable than many who think they do....

21. Public sector salaries to increase by 1.5% starting October 2024

https://knews.kathimerini.com.cy/en/news/public-sector-salaries-to-increase-by-1-5-starting-october-2024

Cyprus' House of Representatives has passed an agreement between the government and trade unions to implement a general 1.5% wage increase for public......

22. ECB cuts rates again as Eurozone inflation and economy struggle

https://knews.kathimerini.com.cy/en/news/ecb-cuts-rates-again-as-eurozone-inflation-and-economy-struggle

The European Central Bank (ECB) has cut interest rates for the third time, marking the first consecutive reduction in 13 years....

23. Cyprus' credit rating upgraded due to strong economy and lower debt

https://knews.kathimerini.com.cy/en/news/cyprus-credit-rating-upgraded-due-to-strong-economy-and-lower-debt

Rating Agency Capital Intelligence Ratings (CI) has upgraded Cyprus’ Long-Term Foreign Currency Rating (LT FCR) and Short-Term FCR (ST FCR) to ‘BBB’ and ‘A2’, respectively, from ‘BBB-’ and ‘A3’, maintaining a positive outlook....

24. ECB cuts key interest rate to 3.5% amid slowing inflation and growth concerns

https://knews.kathimerini.com.cy/en/news/ecb-cuts-key-interest-rate-to-3-5-amid-slowing-inflation-and-growth-concerns

The European Central Bank (ECB) cut its key interest rate by 25 basis points to 3.5%, responding to slowing inflation in the Eurozone and concerns over weak growth. ...

25. What Cyprus’ new EU minimum wage directive means for workers and employers

https://knews.kathimerini.com.cy/en/news/what-cyprus-new-eu-minimum-wage-directive-means-for-workers-and-employers

Cyprus is set to implement the European Union’s directive on adequate minimum wages....

26. Cyprus' illusion of prosperity as unemployment numbers mask realities

https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-illusion-of-prosperity-as-unemployment-numbers-mask-realities

In its analysis, the Central Bank of Cyprus notes that in the first quarter of 2024, unemployment fell to 6%, the lowest level since 2009....

27. Twitter hit with €550,000 fine for firing worker over Musk’s email

https://knews.kathimerini.com.cy/en/news/twitter-hit-with-€550-000-fine-for-firing-worker-over-musk-s-email

Twitter has been ordered to pay a record €550,000 (£470,000) to Gary Rooney, a former senior employee at its Dublin office, after being found to have unfairly dismissed him....

28. Experts warn of ''dangerous'' decline in young people's mental health

https://knews.kathimerini.com.cy/en/news/experts-warn-of-dangerous-decline-in-young-people-s-mental-health

Experts are sounding alarms over a ''dangerous'' decline in the mental health of young people worldwide, citing factors such as intergenerational inequality, pervasive social media use, low wages, unstable employment, and the climate crisis....

29. Central Bank revises GDP growth to 3%

https://knews.kathimerini.com.cy/en/news/central-bank-revises-gdp-growth-to-3

The Central Bank of Cyprus (CBC) made a conservative upward revision to the GDP growth rate for 2024, by 0.2 percentage points, to 3%......

30. Cyprus government rakes in over €424M in surpluses this year

https://knews.kathimerini.com.cy/en/news/cyprus-government-rakes-in-over-€424m-in-surpluses-this-year

Cyprus has reported a substantial budget surplus of €424.5 million for the first half of 2024, a huge increase from the €62 million surplus during the same period last year. ...

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