One in three employees in Cyprus receives less than €1,500 per month, with the PEO demanding an increase in the minimum wage in 2027 and proceeding to renew 174 Collective Agreements, offering salary increases and improvements in labor rights. #Οικονομία #Μισθοί #ΣυλλογικέςΣυμβάσεις (translated)
The Proper Greek Analyst reported that Eurostat's data on average wages for 2025 was published the day before yesterday and argued that it should be headline news. According to the data presented, Greece fell from 20th place in 2019 to 25th in 2025 in terms of average full-time salary, ranking second to last among 26 European countries. The average annual salary was 18,772 euros, which is 45% of the EU average, which amounted to 41,464 euros. He wrote that since 2019, average wages in Greece increased by 17.6% or 2,805 euros, while the increase in the EU was 26.5% or 8,680 euros, with 21 member states experiencing a greater rise. In his post, Greece had the fifth lowest increase among 26 countries, as it was surpassed by Poland (+75%), Romania (+67.4%), Hungary (+60%), Latvia (+46.5%), and Slovakia (+45.8%). He added that during the same period, food inflation increased by 35.8%, electricity by 43.8%, and housing expenses by 23.5%, and questioned the invocation of growth given the country's decline in ranking. #ακρίβεια #μισθοι #Ελλαδα #ΕΕ #μισθοι #Ελλαδα #ΕΕ (translated)
A survey by the European Investment Bank reveals that increases in fuel and electricity have significantly reduced the purchasing power of Greeks, forcing them to cut back on spending for food and health. #Οικονομία #Καύσιμα #Ενέργεια (translated)
At 12 noon on Friday, the six unions of OKYPY will assess the proposal for salary increases of 2.75% for the years 2026 and 2027, while the scheduled 48-hour strike for November 10-11 remains in effect. #ΟΚΥπΥ #μισθολογικέςΑυξήσεις #συντεχνίες (translated)
The President of the ALMA Movement, Odysseas Michailidis, expressed strong disagreement with the management of OKYPY, stating that the amendment essentially pertains to retroactive salary increases for doctors. #ΟΚΥπΥ #ΔημόσιαΥγεία #Πολιτική (translated)
Inflation in Cyprus rose to 4.4% in October 2026, with significant increases of 30.6% in petroleum products and 13.7% in transportation. #Πληθωρισμός #Κύπρος #Οικονομία (translated)
Supplementary pensions will remain "frozen" in 2027 for 1.3 million retirees, despite the surplus of ETEAEP, due to the zero deficit clause that has prevented increases since 2016. #ΕπικουρικέςΣυντάξεις #Οικονομία #Ασφάλιση (translated)
Analysts are leading the forecasts for housing prices, expecting an increase of 5.5–6% in 2026, with the market showing resilience despite the high price, while for 2027 new estimates predict increases of up to 5%. #τιμές_ακινήτων #οικονομία #κατοικίες (translated)
The employees of the urban and intercity KTEL are holding a 24-hour strike on Tuesday, November 3, demanding salary increases, a new Collective Labor Agreement, and permanent staffing. #Απεργία #ΚΤΕΛ #ΣυλλογικέςΣυμβάσεις (translated)
The increases in the operating costs of airlines may lead to an increase in ticket prices, although competition is evolving as a determining factor for fare formation, with companies planning a 5%-5.5% growth for 2027 in Cyprus. #ΑεροπορικάΕισιτήρια #Κύπρος #Τουρισμός (translated)
The Cyprus Consumers' Association published the prices of products for October through the e-kalathi platform, recording decreases in 35 products and increases in 17, with an overall reduction in the cost of the basket, while emphasizing problems in the operation of the platform and urging consumers to be cautious about the increases. #Καταναλωτές #Τιμές #Οικονομία (translated)
The charges for green electricity bills are expected to increase by up to 43% in November, placing significant financial burdens on consumers. #τιμολόγιαρεύματος #ενεργειακήκρίση #ΔΕΗ (translated)
The bill for the upgrade of the "Georgios Karaiskakis" Stadium was submitted to the Parliament, funded by Evangelos Marinakis, which includes capacity increases and regulations for the management and use of the space for 49 years. #ΓεώργιοςΚαραϊσκάκης #Αθλητισμός #Επένδυση (translated)
New increases in electricity tariffs are expected for November, with DEI preparing an intervention to offer cheaper options to consumers. #ΔΕΗ #τιμολόγια #ενέργεια (translated)
The platform for applying for the heating allowance is expected to open by November 10, 2026, with increases in the subsidy amounts and a scheduled first payment date by December 23. #ΕπίδομαΘέρμανσης #Οικονομία #Προϋποθέσεις (translated)
Ships will remain tied up in all the country's ports on Friday, October 30, due to strikes and work stoppages by workers and maritime unions demanding better working conditions and wage increases. #Απεργία #Ναυτεργάτες #Λιμάνια (translated)
The increase in fuel prices has led to a rise of up to 5% in organized travel packages, while airlines are implementing gradual fare increases, with estimates not predicting any significant new price hikes in the near future. #Ταξίδια #Καύσιμα #Αυξήσεις (translated)
Strikes and demonstrations are taking place in many Greek cities with the participation of educators, students, and civil servants, who are demanding wage increases and improvements in infrastructure, as the protests peak today, October 21, in Athens and Thessaloniki. #Απεργίες #Διαδηλώσεις #Εκπαίδευση (translated)
Dvs Dvs criticized the economic policy of Andreas Papandreou and his governments, arguing that Greece lost ground compared to other European countries in the 1980s. According to the data he presented, in 1980 the average Greek was 17% richer than the average Irishman, 8% richer than the Spaniard, and 28% richer than the Portuguese. By 1990, he wrote, he was 6% poorer than the Irishman and 8% poorer than the Spaniard. Regarding public debt, he noted that it increased from 21% of GDP in 1980 to 68% in 1990 and 94% in 1993. He clarified that Papandreou was not in power during the period 1991-1993, but attributed much of the increase to the difficulty of containing deficits that, according to him, had been created during his administrations. He added that expenditures of the broader public sector rose from 48% of GDP in 1981 to 70% in 1988, while the budget increased from 625 billion drachmas to 3.2 trillion drachmas. During the posting, inflation reached 25% in 1985, and the country then had foreign reserves for only a few weeks. Dvs Dvs also mentioned that the percentage of taxes paid by wage earners and pensioners increased from 52.1% in 1980 to 63.2% in 1986, while productivity decreased by 5.5% and unemployment rose from 2.7% to 7%. He cited a GDP increase of 6.8% in Greece, compared to 26% in the rest of Europe, and argued that the economy remained stagnant, with low productive investments and most borrowing directed towards consumption. He also accused the government of borrowing to distribute money and secure votes. #ΠΑΣΟΚ #Οικονομία #Ιστορία (translated)
The increase in wages in Greece almost follows the rise in food prices, but lags significantly compared to the explosive increase in the prices of electricity and fuels, highlighting the differences with France, Italy, and Spain, where price increases are higher than wages. #Οικονομία #Ακρίβεια #Μισθοί (translated)
