Cyprus Business Now: banks, Oev, Akamas walkway, minimum wage, real estate

The intention to revise the minimum wage is legitimate and reflects the pressures faced by households, according to Fiscal Council president Michalis Persianis.

He also warned that any decision should be taken with extreme caution to avoid collateral effects from a hasty move.

Persianis said that “extremely careful judgment and prior analysis” were required, stressing that decisions taken without sufficient preparation could have negative repercussions across the economy.

In that context...