Cyprus News Agency: News in English, 09-08-19
CONTENTS
[01] LABOUR MINISTER SOCIAL COHERENCE
[01] LABOUR MINISTER SOCIAL COHERENCE
Minister of Labour and Social Insurance Sotiroula Charalambous has said
that the government will continue to support social coherence and
development, boost public finances and control counterproductive
expenditure.
The Minister, who was invited to comment on a report issued by the
International Monetary Fund (IMF) on Cyprus, reiterated that the
government has taken a series of measures to boost the real economy as
the world economic crisis continues.
Commenting on the IMF opinion that the Cypriot inflation-indexed wage
adjustment mechanism (COLA) should ideally be eliminated or at least
better targeted, Charalambous stressed that the government fully
respects COLA and does not plan to change it.
The government fully respects COLA and believes that it has contributed
to smooth working relations and social coherence in Cyprus, she went on
to say, noting that COLA is the result of an agreement among the social
partners.
The government fully respects the institution and does not question it,
she stressed.
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