US EditionCyprus: Hourly Labor Costs Rise by 5.6% in Q4 2024, Driven by Wage and Non-Wage Growth – Famagusta Gazette
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Cyprus: Hourly Labor Costs Rise by 5.6% in Q4 2024, Driven by Wage and Non-Wage Growth – Famagusta Gazette
FAMAGUSTA GAZETTE – Hourly labor costs rose by 5.6% in the fourth quarter of 2024 compared to the same period in 2023, according to preliminary data from the Statistical Service. This increase reflects growth in both key components: wages and salaries per hour worked, which climbed by 5.3%, and non-wage costs per hour worked, which surged by 7.0%.
Troika highlights concerns over Cyprus economic growth - Cyprus Property News
Although Cyprus’ economy is experiencing strong growth, the Troika of international lenders have identified key concerns during their 18th post-memorandum audit. The Troika’s primary focus is on government spending, energy costs, judicial reform, and unfinished public works. While the economy and banking sector appear stable, these challenges pose risks to long-term financial sustainability. Rising government […] The post Troika highlights conce…
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