Facebook Linked In Twitter

Pompeo: US to Provide Military Education and Training Funding to Cyprus

Kassianides: Cyprus to Enter the Natural Gas Era



Zeta Emilianidou Outlines Measures To Support Employment, Workers And Vulnerable Groups

Zeta Emilianidou Outlines Measures To Support Employment, Workers And Vulnerable Groups

Measures to support employment, workers and vulnerable groups of the population  from the effects of the coronavirus protection measures, which are expected to cost an estimated € 159m, have been announced by the Minister of Labour, Welfare and Social Insurance Zeta Emilianidou on Sunday.

The measures including granting leave to workers in the private sector who have to stay home ot take care of their children, unemployment to workers where the companies suspended operations or they will suffer a 25% reduction in turnover due to coronavirus protection measures, sickness benefits, and remuneration for those who teach in the afternoon school of the Ministry of Education.

Emilianidou said procedures will be simplified so that the benefits can be paid the soonest.

Parents in the private sector with children up to 15 years of age, will be allowed special parental leave up to four weeks, not including holidays, and a grant of up to 2.500 euros will be given.

A parent with a salary of up to € 2,500 for the first € 1,000 will receive a 60% special leave allowance, while for the next € 1,000 a 40% allowance will be paid.

In the case of single-parent families the ratio varies between 70% and 50%, respectively.

It is clarified that parental leave for childcare will be granted if the nature of the parent’s work does not allow working from home or flexible working hours and if there is no outside assistance. This excludes the help provided by grandparents.

For the public sector, workers who need to take care of their children will have to consult with their head of department.

The cost of the grant is estimated at €20mn euros for one month.
Regarding those businesses that have decided to suspend their operations and those that will continue to operate, but have suffered a loss of turnover of more than 25%, a business suspension plan will be introduced to avoid layoffs. At the same time affected employees will receive unemployment benefit for as long as the business is suspended. The cost of the plan is estimated at €110 mn.

In addition companies employing up to 5 persons will receive a 70% subsidy for their employees` salary costs provided that these companies retain their employees at work and have a reduction in their turnover by more than 25%.

Workers who are facing special health problems and are included in the list which the ministry of Health will announce and need to stay home to protect their health, will receive a €800 grant on a monthly basis.
To help self-employed workers the sickness benefit will be paid in exactly the same way as employees, from the fourth day instead of the ninth as it is today. It was also decided to extend the timeframe to appeal to Social Security for self-employed for one month until 30 April 2020.

She also announced that mobile units will be created to help elderly and vulnerable people by providing them with food and medicines when they are isolated and need state support.


Lakkotrypis: Moratorium In The EEZ Would Signal The End Of All Cyprus Energy Prospects

A moratorium in hydrocarbon activities in the exclusive economic zone (EEZ) of the ...

Moody’s: Cyprus' High Loan Payment Deferrals Reflects Strain On Economy

In their bi-weekly outlook report, Moody’s analysis on the payment deferrals for ...

Irina Misca: We Must Strengthen Insolvency Frameworks To Save Firms And Boost Economic Recovery

CITR Cyprus Director and Cyprus Country Coordinator of INSOL Europe, Irina Misca, pointed ...



CSR During a Pandemic

Katerina Biloruska, Chairwoman of the non-profit Parimatch Foundation, explains how it has helped in the fight against COVID-19, whilst staying true to its ...

John Lewis to Close Eight Stores Permanently

John Lewis has announced it is permanently closing eight of its stores, putting 1,300 workers at risk, the BBC reports. The retailer said it had to ...

House Prices up by 1.1% in Cyprus in Q1 2020

House prices, as measured by the House Price Index, rose by 5.0% in the euro area in the first quarter of 2020 compared with the same quarter of the previous ...

Kassianides: Cyprus to Enter the Natural Gas Era

Cyprus as of July 9 will enter the natural gas era, Natural Gas Public Company Chairman Symeon Kassianides has said as tomorrow the President of the Republic ...

Pompeo: US to Provide Military Education and Training Funding to Cyprus

The US for the first time will provide international military education and training funding to Cyprus, as part of the State Department`s efforts to enhance ...

Cyprus to Establish a Deputy Ministry of Culture

The Cabinet has decided to proceed with the establishment of a Deputy Ministry of Culture, Deputy Government Spokesman Panayiotis Sentonas said. ...

Impressive Construction Work Progress At Ayia Napa Marina

On Wednesday, July 8, media representatives were given the chance to tour the iconic Ayia Napa Marina, and were provided with insight into the progress of ...

New Minister Of Energy And Deputy Minister For Shipping Are Sworn In

The new Minister of Energy, Commerce and Industry Natasa Pilides and Deputy Minister to the President for Shipping Vassilis Demtriades assume duties on Friday, ...