Cyprus sees 5.7 per cent rise in average gross monthly earnings in first quarter

The average gross monthly earnings of employees in Cyprus saw a 5.7 per cent increase during the first quarter of 2024, reaching €2,378 compared to €2,251 in the same period of 2023, according to a report from the Cyprus Statistical Service (Cystat).

Furthermore, the seasonally adjusted average gross earnings for the first quarter of 2024 are estimated at €2,424, marking a 1.5 per cent rise from the fourth quarter of 2023.

The statistical service reported that the average gross...