New stimulus package could fall flat
Businesses balk at renewing job incentives, fear it would only delay, not stop likely layoffs By Kyriacos Iacovides UNCERTAINTY surrounds the latest package of measures...
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Coronavirus: Pledge to support workers on Labour Day
The government’s aim is to ensure no one gets fired, Labour Minister Zeta Emilianidou said on Friday in a statement marking Labour Day on May...
Cyprus’ jobless rate rises to 6.7% in March from 5.8% in February
In March 2020, the month when Covid-19 containment measures began to be widely introduced by EU member states, the euro area seasonally-adjusted unemployment rate was...
Coronavirus: Economy expected to shrink by up to 10 per cent
The economy this year is expected to contract by up to almost 10 per cent, the finance ministry said on Monday, as the government was...
Coronavirus: Unemployment, mental health among the young’s main concerns (with video)
Young people in Cyprus, who only recently began seeing their prospects improve after the 2013 crisis, have cited unemployment and mental health as their main...
Unemployment drops 13.9 per cent
The number of jobless people dropped 13.9 per cent, or 4,131, year-on-year in February, to 25,620, the statistical service (Cystat) said on Thursday. Cystat said...
November unemployment figures the lowest in nearly 10 years
Unemployment figures are at the lowest level since February 2010, the statistical service announced on Wednesday. According to a press release, based on the seasonally...
Unemployment down to 7% in July
July this year saw a further decline of unemployment in Cyprus to 7 per cent (or 31,000 persons, down from 7.2 per cent (32,000 persons)...
The conundrum of no good jobs
By Sharon Lam If Western economies are at full employment, then why are people still hurting? That is the conundrum David Blanchflower lays out –...
Bad debts will fall to single digits, finance minister predicts
The government aims to reduce bad debts to single digits, Finance Minister Harris Georgiades said on Wednesday, as the cabinet approved the strategic fiscal policy...
Jobless rate falls to 7 per cent in March
Cyprus’ seasonally-adjusted unemployment rate was 7 per cent in March representing 31,000 people 6.9 per cent of whom were men and 7 per cent women. The...
Unemployment falls to 7.6 per cent in Q4
Unemployment in Cyprus fell to 7.6 per cent in the 4th quarter of 2018, from 7.8 per cent in the 3rd quarter, according to the labour force...
‘Cyprus on course to full employment’
The unemployment figures released by the statistical service showing a 14 per cent drop year-on-year, confirmed that Cyprus was on course to full employment, the...
Unemployment drops to 8.8 per cent in December 2018
Unemployment decreased to 8.8 per cent (8.5 per cent for males and 9.1 per cent for females) in December 2018, compared with 8.9 per cent...
Jobless rate rose to 9.2 per cent in November
Unemployment rates in Cyprus increased to 9.2 per cent – 8.9 per cent for men and 9.6 per cent for women – amounting to 41,000...
Repeated low-income welfare applications are clogging the system
Of 2,500 applications currently under consideration for payment of guaranteed minimum income, some 1,600 are repeat applications, resulting in delays in processing, a labour ministry...
GMI beneficiaries falling as unemployment drops
Beneficiaries of the guaranteed minimum income (GMI) scheme have fallen from 40,000 to 25,000, while Cyprus is among the EU member states with the fastest...
Unemployment falls to 7.4 per cent, largest annual drop in EU
Cyprus has once again recorded the largest annual decrease in unemployment rates in the EU, from 10.2 per cent in September 2017 to 7.4 per...
Cyprus records the largest unemployment annual fall in the EU
Cyprus registered, once again, the largest annual decrease in unemployment for August 2018, according to Eurostat, the statistical office of the European Union. Unemployment in...
Focus on credit ratings upgrade and GDP fudge a bleaker truth
By Les Manison The government and most of the media in Cyprus have been trumpeting the statistics on real GDP growth and the promotion of...
