Cyprus sees its workers earn more

The typical gross month-to-month earnings of staff in Cyprus rose by 5.3% within the third quarter of 2022, provisional knowledge launched by the Statistical Service of Cyprus (CyStat) present.

Gross worker earnings amounted to €2,069 euros, in comparison with €1,965 throughout the third quarter of 2021, CyStat stated.

CyStat identified that throughout the first, second and third quarters of 2021, the particular schemes of the Ministry of Labor and Social Insurance coverage geared toward coping with the pandemic had been in drive, leading to lowered common gross month-to-month earnings, for the reason that quantity taken under consideration is the earnings that had been paid by the employer and doesn’t embrace any quantity paid as an allowance underneath the schemes.

The seasonally adjusted common gross month-to-month earnings throughout the third quarter of 2022 had been estimated at €2,187, marking a rise of 0.7% in contrast with the second quarter of 2022.

The typical gross month-to-month earnings of male staff throughout the third quarter of 2022 had been estimated at €2,217 whereas for ladies they had been €1,884. In comparison with Q3 2021, the typical earnings of women and men rose 5.1% and 5.4% respectively.