Cyprus Mail

Wage reductions continues well in the third quarter

By Stelios Orphanides

Monthly employee earnings continued their downward path for the eleventh consecutive quarter in July to September, reaching their lowest level since 2009, the statistical service said, citing preliminary figures.

Monthly earnings fell an annual 0.9 per cent to €1,738 in the third quarter, Cystat said in a statement on its website on Tuesday. In the third quarter, earnings fell a seasonally adjusted 0.4 per cent, compared to the third quarter, to €1,873.

Related posts

Coronavirus: Labour ministry extends deadline for support scheme applications

Jonathan Shkurko

Coronavirus may sow seeds of next financial crisis, says ECB

Cypriots lose confidence as economy slows

Staff Reporter

Bank of Cyprus posts operating profit of €52m in first quarter (Updated)

Andrew Rosenbaum

Economic sentiment deteriorates further in May

George Psyllides

Coronavirus: Ryanair to resume flights to Cyprus on July 1