Keve opposes 1.5% wage hike, citing financial concerns

The Cyprus Chamber of Commerce and Industry (Keve) voiced its concern on Friday over the agreement reached between the finance ministry and public sector unions for a general wage increase of 1.5 per cent starting October 2024.

The private corporate body issued an announcement detailing how the recent agreement sparked concern about the financial sustainability of increasing public sector wages and urged for measures to control wage growth and improve government efficiency.

This...