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Cyprus and EU allies forge €7.4B deal with Egypt to transform energy landscape
European Union and Egyptian leaders joined forces on Sunday to sign a substantial €7.4 billion financial package aimed at bolstering Egypt's economy, enhancing energy trade with Europe,...
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How Invest Cyprus embraces gender equality in the workplace
A recent study has placed Cyprus in 37th place out of 46 European countries in terms of the best for women’s career progression, while the latest figures from CySTAT show that, while...
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The future of work: Why we need to think beyond the hype of the four-day week
By Yaëlle Amsallem & Emmanuelle Léon Is reducing working hours a sign of progress? Since the 19th century, the number of hours spent at work has been steadily declining in developed...
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Dialogue on foreign labour to continue amidst disputes
The dispute between trade unions and employer organizations regarding the employment strategy of foreign labor continued yesterday, in the presence of the Minister of Labour, without...
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Cyprus bolsters maritime ties at European Cruise Summit
Cypriot Deputy Minister of Shipping Marina Hadjimanolis played a prominent role in the European Cruise Summit , organised by the Cruise Lines International Association (CLIA), during the...
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Defence budgets and socioeconomic implications
By Andreas Charalambous and Omiros Pissarides In recent decades, a number of factors have contributed to a containment in defence spending, including: (a) the end of the cold...
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It’s not the economy, stupid
For the first time in decades, the dominant pre-election issue in the US is not the economy, but migration. This observation, from Gerald Baker, a columnist and executive at the Wall...
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MEPs endorse new residence and work permit rules for third-country nationals
The European Parliament plenary session in Strasbourg voted on new EU rules for combined work and residence permits for third-country nationals. The new rules introduce a faster...
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Total government employment at 54,697 persons in February
Total employment within the Cyprus government reached 54,697 persons in February 2024, according to Cystat. Within the Civil Service, 23,161 individuals were employed, while the...
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Nicosia Mayor updates UN envoy on bi-communal trust-building projects
Nicosia Mayor Constantinos Yiorkadjis met with UN Secretary General's Personal Envoy María Ángela Holguín Cuéllar during her ongoing visit to Cyprus, highlighting the significance of...
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EU simplifies work permit rules for third country nationals
The European Parliament recently voted on new rules for non-EU citizens who want to work and live in the EU. These rules aim to simplify the process of obtaining a work and residence...
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Cabinet allocates €11.7M for training and job opportunities
The cabinet greenlit two initiatives on Wednesday aimed at bolstering employment and training opportunities for 1,265 individuals who are currently unemployed. The combined budget for...
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MEPs adopt landmark law regulating AI use
The European Parliament has approved a landmark law aimed at protecting consumers when it comes to Artificial Intelligence (AI) and ensuring compliance with fundamental rights. The...
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Cabinet approves plans for employment and training of 1,265 unemployed
Cabinet has approved two plans to provide incentives for the employment and training of 1,265 unemployed people. The total budget of the two plans amounts to €11,694,000, and the costs...
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Incentive plans for jobs for unemployed
Cabinet on Wednesday approved two incentive plans for the employment and training of 1,265 unemployed people. The total budget of the two projects approved amounts to €11,694,000, with the...
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Cabinet approves plans for employment of 1,265 individuals
Two plans to provide incentives to employers were approved during today’s meeting of the Ministerial Council, aiming to train and employ 1,265 unemployed individuals. According to...
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Real estate sector depends on external factors
The Cyprus economy has showcased its strong resilience, in a particularly difficult period recording, “comparatively one of the highest growth rates in the European Union,” said Dr George...
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EU court decision paves way for employee regularisation
The recent decision of the European Union (EU) Court paves the way for the regularization of 6,000 indefinite-term employees. According to the “Equality” (Isotita) union, the Court...
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Eu court decision paves way for employee regularisation
The recent decision of the European Union (EU) Court paves the way for the regularization of 6,000 indefinite-term employees. According to the “Equality” (Isotita) union, the Court ruled...
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Paphos man arrested for illegal stay and employment, forgery
Police on Tuesday arrested a 33-year-old man for an investigated case of illegal stay in the Republic and working without a permit. According to police, the man was allegedly in...
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Cyprus Business Now
Employment in the broader public sector witnessed a notable annual increase in Q4 of 2023, rising by 2,765 people, or 3.8 per cent, compared to the corresponding quarter of 2022....
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Employment in broad public sector shows annual increase in 4Q 2023
Employment in the broad public sector in the fourth quarter of 2023 increased by 2,765 persons (3.8%) compared to the same quarter of 2022, according to CySTAT. In a press release,...
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After EU court ruling, Isotita calls for civil service changes
A recent judgment of the EU’s Court of Justice (CJEU) could pave the way for thousands of civil servants on fixed-term employment to become permanent workers, Isotita union said on Tuesday....
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Real estate sector depends on outside factors
The Cyprus economy has showcased its strong resilience, in a particularly difficult period recording, “comparatively one of the highest growth rates in the European Union ,”...
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EURGBP gains ground following UK jobless, German CPI
Euro-Sterling is holding positive ground below the mid-0.8500s during early European trading on Tuesday. The EURGBP cross is edging higher following the UK labour market and German...