President of the Republic Nikos Christodoulides said on Monday that very soon positive results are expected regarding COLA (Cost of Living Allowance).
Replying to questions by journalists upon his arrival to the 45th Annual General Assembly of the Union of Cyprus Municipalities, in Nicosia, President Christodoulides said that the great effort for reforms is ongoing.
Asked about pending reforms, in view of the Presidency of the Council of the EU, he said that “our great effort to reconstruct the state of the ’60s in order to move forward with bold reforms is continuing.”
‘This great effort is not over. We should and we dare to touch on difficult issues that we must change,’ he added.
Asked about the issue of COLA, President Christodoulides appeared optimistic that “very soon we will have positive results,’ noting that “there are no dead ends”.
Invited to say what the outcome was of the Foreign Minister’s visit to Israel, he replied that ‘when we have something to announce, we will do so”.
Negotiations on the future of COLA which have been ongoing for some months between employers, the trade unions and the government seemed to stall last week when employers rejected the latest compromise proposal.