Cyprus pay rises outpace euro area negotiated wage growth

The European Central Bank (ECB) has reported that negotiated wage pressures across the euro area remain stable through 2026 and into early 2027, while separate data from Cyprus showed workers’ earnings continued to rise in the first quarter of the year, although the majority of employees still earned well below the national average.

The ECB’s latest wage tracker, updated with collective bargaining agreements signed up to the first week of July 2026, showed negotiated wage pressures with...