COLA to return as of 2018, Finance Minister announces

Cyprus Minister of Finance Harris Georgiades said on Friday that Cost-of-Living-Adjustment (COLA), which links salaries to inflation, will be paid to the broader public sector as of 2018. Addressing fears of a fiscal derailment, the Minister replied to those who express concern that we respond with the actual results showing that there is no deviation in the budget.

Source: Cyprus News Agency