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Updated Civil Service Compensation In Cyprus: A Comprehensive Look At 2026 Wage Scales

Updated remuneration tables released by the Department of Public Administration and Personnel reveal a significant range in hourly wages for Cyprus civil servants, spanning from €9.48 at the entry level up to €46.12 for senior roles during the first half of 2026.

Overview Of Updated Remuneration Tables

For the period from January to June 2026, the figures clearly demonstrate a stark progression in earnings across the various pay scales. At the entry-level A1 scale, employees receive annual salaries ranging from €15,100 to €17,200, equating to monthly earnings between €1,322 and €1,644 and an average hourly rate of €9.48. Detailed figures are available in the official document.

Grade-Specific Earnings And Hourly Rates

Progressing through the scales, mid-level earnings on the A8 scale begin at €24,500 and rise to €45,800, with monthly salaries ranging from €2,101 to €3,818. This segment sees hourly wages averaging between €18.17 and €18.87. At the top of the hierarchy, the A16 scale—which caters to senior administrative positions—features annual salaries from €71,000 to €99,200, with monthly pay increasing from €6,768 to €8,266 and an average hourly rate of €46.12.

Fiscal Implications And Sector Impact

These updated figures come at a time when public sector wages are under significant scrutiny due to their impact on state finances. The Ministry of Finance reported a 6.9% rise in employee compensation in 2025, with total salary expenditure increasing to €4.1 billion from €3.9 billion in the previous year. This escalation was driven by cost-of-living adjustments, increased payroll costs within state health services, annual increments, and a notable salary increase implemented in October 2024.

Looking ahead to 2026, growth is expected to moderate with compensation expenditures projected to expand by approximately 4% to reach €4.3 billion, supported by a stable inflation environment.

Revised Entry Scales And Future Outlook

The department has clarified that reduced entry scales apply exclusively to employees hired after January 1, 2012, at the introductory grade, without affecting promotional posts. In addition to the base salary, the overall compensation package includes general increases, cost-of-living adjustments, and annual increments.

Further details on the revised hourly pay rates and work allowances for government personnel effective from January 1, 2026, following the latest cost-of-living adjustment, can be found in the official announcement.

SEC Drops Lawsuit Against Gemini: A Major Turning Point In Crypto Regulation

SEC Dismisses Legal Action Against Gemini

The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss. The move follows a joint court filing in which both the regulator and Gemini sought dismissal of the case that centered on the collapse of the Gemini Earn investment product, a debacle that left investors without access to their funds for 18 months.

Settlement And Regulatory Reassessment

In a significant development, a 2024 settlement between New York and Gemini ensured that investors recovered one hundred percent of their crypto assets loaned through the Gemini Earn program. The legal reprieve comes on the heels of actions initiated by New York Attorney General Letitia James, who accused Gemini of defrauding investors.

Political Backdrop And Industry Implications

This dismissal reinforces a broader trend of regulatory leniency toward the crypto sector noted during the Trump administration, which saw the SEC dismiss, pause, or reduce penalties in more than 60 percent of its pending crypto lawsuits. Meanwhile, Gemini’s recent public offering filing underscores its ambitions to solidify its status as a major player in the evolving digital asset market.

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