employment laws Archives - New Cyprus Magazine

Strengthening the Fight Against Illegal Employment

The Council of Ministers has approved new legislative proposals to combat illegal employment, including a digital monitoring system, stricter penalties, and holding main contractors accountable for subcontractors’ activities. These measures aim to streamline work permit processes for foreign nationals and improve employer access to information on employees’ residency statuses, marking a crucial step in strengthening the fight against illegal work practices.

Unemployment Rate Drops by 13.5 Percent in March 2024

By Demis Papadopoulos

The unemployment rate in Cyprus dropped by 13.5 percent in March 2024, a positive shift attributed to growth in sectors like finance, construction, and tourism, along with government efforts in education and vocational training. The total number of jobless individuals decreased to 12,277, marking a significant improvement in the labor market’s outlook and signaling potential economic recovery.

Cyprus Embarks on €8 Billion Worth of Ambitious Development Projects

By Demis Papadopoulos

Cyprus is embarking on €8 billion worth of ambitious development projects to boost the economy and create 8,0009,000 jobs. The plans include new marinas, golf courses, technology parks, tourist complexes, and medical centers, aiming to enhance market potential and attract foreign investment.

Understanding Asylum Seekers’ Work Restrictions in Cyprus

By Demis Papadopoulos

The employment of asylum seekers in Cyprus is strictly regulated, with a ninemonth work restriction in place upon their arrival. Employers must adhere to these laws to avoid fines or imprisonment, with an automated notification system helping to ensure compliance and alignment with EU regulations.