Salary increases should be based on real GDP growth CCCI SG tells CNA

Salary increases in the public and broader public sector should be based on real GDP (GDP growth adjusted for inflation) growth rather than nominal GDP growth, Marios Tsiakkis, the Cyprus Chamber of Commerces and Industry said in an interview with CNA.

CCCI joined voices with Federation of Employers and Industrialists as the dialogue for salary increases is about to start ahead of the 2017 state budget parliamentary approval. As Cyprus emerged from a 3-year bailout in 2016, the government is in dialogue with public sector trade unions for the provision of general salary increases.

Source: Cyprus News Agency