Limassol is tackling economic growth and labour shortages through a collaborative effort between the government and business sector. By enhancing public service efficiency, employing workers from abroad, and maximizing local human resources, the city aims to craft policies that support growth and reduce unemployment, ensuring a prosperous future for 2024 and beyond.
Labour Minister Yiannis Panayiotou has announced a new minimum wage framework that aims to balance the needs of society with the economic capabilities of the nation. Through collaborative discussions with the Labour Advisory Body, the government seeks to bridge differences between stakeholders for economic growth and the establishment of a more inclusive insurance system.
The booming tourism sector in 2023 is facing a major challenge with a shortage of qualified personnel. Despite a 25% increase in tourism revenue and potential market growth, stakeholders are actively seeking solutions through collaboration and strategic planning to sustain and enhance this success.
