minimum wage framework

minimum wage labour market

Government Nears Decision on Minimum Wage

The government is nearing a decision on revising the minimum wage law, which is expected to benefit around 25,000 lowpaid workers. Labour Minister Yiannis Panayiotou has indicated that discussions are coming to a close, with an announcement expected next week, as the government seeks to balance economic fairness with the demands of the economy.

minimum wage framework collaborative approach

Crafting a Fair Minimum Wage for a Flourishing Economy

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.

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