Philenews

Cyprus: President Admits Minimum Wage Deal 'Not Perfect' Amidst Lingering Inflation

Published December 30, 2025, 05:07
Cyprus: President Admits Minimum Wage Deal 'Not Perfect' Amidst Lingering Inflation

President Christodoulides has conceded that the minimum wage agreement (ATA) is 'not perfect,' a statement following criticism that the initial announcement of the deal was overly optimistic. The implemented agreement limits beneficiaries and provides little tangible benefit to minimum wage earners. The President notes he would have preferred a different outcome, but the final decision was delegated to social partners. He also acknowledges that while inflation has decreased, prices remain high, particularly due to traders maintaining elevated levels. He suggests boosting purchasing power and reducing essential living costs, but lacks concrete proposals.