The Minister of Finance has issued a written statement in response to the reactions of the trade unions SEK and PEO regarding his statements on the issue of productivity and competitiveness in the Cypriot economy.
\n\u201cAs the Minister of Finance, I support the institution of the cost-of-living allowance (CoLA), and the specific trade unions, which expressed their opposition to the interpretation of my statements, should be well aware, as stated, that \u2018during an event organized by the unions on the subject of the CoLA institution, before my appointment as minister, where they honored me by having me as the main speaker, the positions and views I presented in my speech were clearly in favor of the CoLA institution.’\u201d
\nHe also emphasizes categorically that, as the Minister of Finance, he does not align himself with any side in the negotiation process for the implementation and operation of the institution, only with the interests of the Cypriot people, which are safeguarded only within the framework of a healthy and competitive economy.
\nContinuing, he states, \u201cAs the Minister of Finance, I am responsible for maintaining the resilience and healthy condition of the economy. Considering the key indicators of the Cypriot economy, my intention is to encourage social partners, whose mission and intentions for securing the interests of workers I fully appreciate, so that, among other parameters, productivity and competitiveness of the economy are weighed, as well as the necessity of continuous improvement of income distribution.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The Minister of Finance has issued a statement in response to trade unions’ reactions to his statements on productivity and competitiveness in the Cypriot economy. He supports the cost-of-living allowance and clarifies that his previous statements were in favor of it. He emphasizes that he does not align himself with any side in the negotiation process for the allowance, but only with the interests of the Cypriot people and a healthy and competitive economy. He intends to encourage social partners to consider productivity, competitiveness, and income distribution in the economy.<\/p>\n","protected":false},"author":5,"featured_media":2353,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[568,3,26,569,518,148,185,114,570],"class_list":["post-2352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cyprus","tag-cola","tag-cyprus","tag-economy","tag-finance","tag-finance-minister","tag-local","tag-main","tag-top-news","tag-trade-unions"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"\n