ATA: Steps Defined to Intensify Process at Presidential Palace

A meeting under President Nikos Christodoulides defined the next steps to intensify the process for reaching an agreement on the Automatic Cost of Living Adjustment (ATA). The meeting was attended by the Minister of Labour and Social Insurance, Yiannis Panayiotou, and the Minister of Finance, Makis Keravnos.

Government Spokesman Konstantinos Letymbiotis stated that the data regarding the Automatic Cost of Living Adjustment were evaluated and the next steps were defined to reach an agreement, which is deemed feasible. The Ministers of Labour and Finance will meet with social partners in the coming days.