Finance Minister, Charilaos Stavrakis stressed the need for a restriction of the public mechanism and an increase in the productivity of the civil servants. Speaking before the House Finance...
The announcement of the first package of social measures of €33 million by the new government has aroused strong feelings to the business world of Cyprus. Although the employers’ associations are...
21/03/2008
Finance and Labour Ministers, Charilaos Stavrakis and Sotiroula Charalambous announced on Thursday that 112 thousand pensioners will receive a non-targeted and non-recurrent Easter benefit of around...
20/03/2008
The new government is currently examining three scenarios for the allocation of the 14th pension. According to sources, the social benefit to the pensioners will be officially announced tomorrow...
19/03/2008
According to Eurostat data released on Friday, labour cost in Cyprus in the fourth quarter of 2007 grew by 6.6%, higher than the EU average which stood at 3.5%. The labour cost in the sector of...
14/03/2008
The Finance Ministry announced on Wednesday that it will enforce the pre-electoral commitment of President of the Republic, Demetris Christofias, allocating an Easter benefit to the pensioners (14th...
12/03/2008
The pre-electoral commitments of Demetris Christofias’ government for the pensions and benefits will be financed by the existing funds and no new taxes will be imposed. Speaking at the CyBC Radio...
12/03/2008
The Council of Ministers decided on Tuesday to fill in the vacancies in the Boards of Directors of the semi-governmental organizations, after the appointment of Ministers in the new government....
11/03/2008
According to CYSTAT data released on Friday, the number of registered people out of work in February 2008 fell by 1,536 persons to 13,280 from 14,816 in the corresponding month of 2007. This drop is...
07/03/2008
The trade unions demand pay rises beyond productivity. In his statements to Astra Radio, PEO General Secretary said that in this year’s negotiations the trade unions claim pay rises slightly higher...
07/03/2008