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Stakeholders To Address Employment Of Foreign Workers In Cyprus

In a pivotal meeting today, the Ministry of Labour in Cyprus convenes the inaugural session of the advisory tripartite committee to discuss the employment of foreign workers. This committee, chaired by Labour Minister Yiannis Panayiotou, will review data on work visa applications and address aspects of a three-point agreement established in April.

Key Issues on the Agenda

Trade unions are expected to raise concerns about the recent agreement with Egypt regarding Egyptian workers, citing a lack of consultation. Additionally, unions are advocating for a revision of the current foreign worker licensing strategy, which they argue lacks transparency due to the disbanding of advisory technical committees that previously reviewed foreign work permit applications.

Focus on Collaboration and Worker Welfare

The meeting will also address a memorandum of understanding (MoU) that aims to:

  • Enhance collaboration between social partners through a central advisory tripartite committee.
  • Improve living conditions for foreign workers by setting housing standards and monitoring compliance.
  • Update the existing strategy for employing third-country nationals to ensure a mutually agreed-upon framework.

This initiative underscores the Ministry of Labour’s commitment to addressing the needs and welfare of foreign workers while ensuring that the domestic labour market operates efficiently and transparently. As Cyprus continues to navigate the complexities of its labour market, this meeting marks a significant step towards more effective and equitable employment practices for foreign workers.

MENA Venture Capital Stable As International Investor Activity Shifts

A Data-Led Analysis Of Investor Behavior In A War-Affected Region

Venture capital activity in the Middle East and North Africa remained relatively stable one month after the escalation of regional conflict. Early data, however, indicate changes in investor behavior rather than immediate shifts in funding totals. Initial signals are visible in investor participation, capital allocation, and deal pipeline activity.

Venture Markets And The Lag In Response

Funding announcements reflect decisions made months earlier, meaning that today’s figures do not capture the full impact of current events. Investors typically adjust strategies gradually, signaling future shifts long before they are immediately visible in total funding numbers.

International Capital As The Key Pressure Indicator

Participation of international investors remains a key indicator across the MENA venture market. Global capital has historically accounted for a significant share of funding in the region. Following global interest rate increases, international participation declined through 2023. This shift was reflected in lower cross-border deal activity, more cautious capital deployment, and longer fundraising timelines.

Implications For The Broader Startup Ecosystem

Changes in international investor activity affect multiple parts of the startup ecosystem. A recovery in participation was recorded in 2024 and continued into 2025, supporting funding activity and cross-border investment. If uncertainty persists, potential effects include slower investment decisions, reduced cross-border engagement, and extended fundraising cycles. International capital also plays a role in supporting larger funding rounds and access to global networks.

Next Steps For Stakeholders

International capital represents one of several factors shaping venture activity in the region. Its movement often precedes changes in late-stage funding, startup formation, and exit activity. Investors, policymakers, and ecosystem participants rely on data and scenario analysis to assess these trends and adjust strategies.

For A Deeper Insight

Further analysis on venture activity, capital flows, and geopolitical impact across the region is available in the full MAGNiTT report.

Aretilaw firm
The Future Forbes Realty Global Properties
Uol
eCredo

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