Reactions to the Minimum Wage and Its Economic Implications
December 25, 2025
The decision to set the minimum wage at €1,088 has sparked reactions from unions and employers. Employers express concerns that the increase is not sustainable for the Cypriot economy, while unions argue it favors employers. The total cost for employers amounts to €1,255, while employees take home less than €1,000 after deductions. Reactions are expected to continue into the new year. This situation raises questions about the economic viability of businesses.