Cabinet raises minimum wages in hotel industry
Minimum wages in 19 professions in the hotel industry are getting a 3.54 per cent increase, retrospectively from January 1, after the cabinet issued a decree on Wednesday as part of the sector’...
2024 one of ‘the best’ for labour market
The labour market in 2024 is “the best” of the last 15 years in terms of new job creation, the employment rate and salaries, the government claimed on Tuesday.
Labour Minister Yiannis ...
Wealthy households, high debt and low incomes
Cypriots own a lot of property but that hides the true story
Ultimately, economics is about people. In this connection the ECB Household Finance and Consumption Surveys (HFCS) provide valuable ...
Measures to ease work permits for foreign nationals
The government, on Friday, presented a series of measures to make it easier for third-country nationals to get work permits, attempting to address labor shortages.
Labour Minister Yiannis Panayiotou met ...
Employment issues that would arise in a reunified Cyprus
By Andreas Charalambous and Omiros Pissarides
Discussions to resolve the Cyprus problem are currently at a standstill, while the work of technical groups on various aspects has been suspended. However, ...
Three-and-a half million left their jobs in 2022
In the third quarter of 2022, 3.5 million people in the EU aged 25 to 54 left their jobs, data released on Friday showed.
More than two-thirds (68.9 per cent) left their job for labour ...
From free crumpets to store discounts, UK grocers lure workers
With job vacancies in Britain close to a record high, retailers including Tesco Plc TSCO.L have begun offering better perks to workers, enticing them with free food and essentials ...
New forms of employment and policy repercussions
By Andreas Charalambous and Omiros Pissarides
During the last decade, important structural changes occurred in the labour markets of advanced economies. These were reinforced by ongoing developments during the prolonged ...
Families suffer from falling wages and lack of decent jobs
How politics has led to deterioration of the labour market since 2012
Has the Cyprus economy recovered from the financial crisis of 2012/2013 in that the majority of its citizens by 2021 were ...
Pissarides: Covid has irrevocably changed the labour market
By Yiannis Seitanidis
The ‘new world’, as it emerges after the coronavirus pandemic, will be more complex than anyone could have imagined, according to Nobel prizewinner Christoforos Pissarides.
During a ...
More job sectors opened to third-country students due to labour shortages
Amid reports businesses are struggling to find staff, the labour ministry said on Friday that third-country students who were in Cyprus on May 31 will be allowed to work in nine ...