Salaries not yet recovered to pre-2012 levels, says Cystat

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Salaries not yet recovered to pre-2012 levels,...
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Annual earnings of Cyprus employees dropped from €24,530 in 2010 to €23,791 in 2018, an indication that pay has not yet recovered to pre-2012 levels when the banking collapse and financial crisis took its toll on salaries, mainly in the private sector.

The Structure of Earnings Survey for 2018 compiled by the statistical service CyStat, said that the total monthly earnings of full-time employees averaged €1,837 (€1,977 for men and €1,676 for women).

Although this was an increase of 5.1% from 2014 wages, it was still short of the monthly €1,890...


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Article automatically added to our system on Wednesday, December 30, 2020

Salaries not yet recovered to pre-2012 levels, says Cystat


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