CYPRUS: Impelentation of measures for new jobs to begin on Tuesday

Labour and Social Insurance Minister Zeta Emilianidou said Wednesday that the government takes measures which aim to create 8.000 jobs. The implementation of the measures, she said, will begin on Tuesday.

Speaking on the sidelines of an event organised by the Cyprus Workers Confederation-SEK on the occasion of the International Workers` Day, the Minister said that the government’s plans will be launched on Tuesday, aiming at the immediate creation of 8.000 jobs.

Emilianidou added that the government will also proceed with other plans and measures, with a view to reduce unemployment.

Cyprus recorded in March 2013 the second highest unemployment increase in the EU. According to Eurostat, the statistical office of the European Union, compared with March 2012, the unemployment rate increased in nineteen member states and fell in eight.

The highest increases were recorded in Greece (21.5% to 27.2% between January 2012 and January 2013), Cyprus (10.7% to 14.2%), Spain (24.1% to 26.7%) and Portugal (15.1% to 17.5%).