President Yoon Suk Yeol announces the Dynamic Economy Roadmap and the Economic Policy Direction for the latter half of the year at the Blue House in central Seoul on Wednesday. [YONHAP] The government plans to reduce corporate and inheritance taxes for companies in the “value-up program” and more than double the number of foreign … Read more
Two major wildfires have already occurred in Cyprus, one due to mishandling of explosives and the other for unknown reasons. Despite the country’s vulnerability to wildfires due to its dry climate, efforts to acquire aerial firefighting assets have been unsuccessful. Assistance from neighbouring countries, such as Jordan, has been requested during emergencies. The lack of proper firefighting resources has resulted in devastating consequences, with firefighters losing their lives and significant areas of land being burned. The country faces a state of neglect and lack of progress in crucial projects.
Fact: Tornaritis is not very popular among Disy supporters because of his two-faced role in the last presidential elections.
The cost of extending the 2017 tax cuts for households, small businesses, and wealthy individuals enacted under President Donald Trump has expanded to .6 trillion, according to new estimates from Congress’ fiscal scorekeeper.
Fact: More than two dozen police officers raided a hotel in Paphos to check for workers employed illegally, causing concern among hotel guests and raising questions about the government’s approach to tackling illegal work in Cyprus.
Deputy Minister of Tourism Kostas Koumis acknowledged that the Cypriot tourism sector is in need of foreign workers due to an increase in tourist arrivals, leading to labor shortages.
A deal was struck over the employment of third-country nationals in Cyprus, with specific consequences specified for those who do not adhere to housing standards.
Fact: A young Bangladesian man who was recently deported from Cyprus had good English and basic Greek skills and had been gainfully employed for years.
Labour Minister Giannis Panagiotou has proposed a collaborative approach to licensing foreign workers to bridge the gap between trade unions and employer organisations. The proposal includes upgrading the Monitoring Committee to involve all stakeholders, providing real-time updates to social partners, and retaining the Ministry of Labour’s authority to approve or reject applications. Trade unions have been critical of the current strategy and are expected to react to the proposal early next week, which will determine if an agreement can be reached.
As of October 2023, all asylum seekers in Cyprus must wait nine months after submitting their application before being eligible for employment, regardless of their country of origin. Employers who hire asylum seekers before the nine-month period may face fines or imprisonment. The Ministry of Interior is electronically linked with the Ministry of Labour to verify asylum status, and workplace inspections have been intensified.