Monday September 1, 2014 Search
Weather | Athens
29o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Cyprus takes measures to tackle unemployment, help businesses

Recession-hit Cyprus on Wednesday launched a 340-million-euro drive to combat record joblessness and help small businesses struggling with a credit squeeze triggered by the a painful eurozone debt bailout.

President Nicos Anastasiades announced a plan to get Cypriots back to work by offering incentives to small and medium-sized companies the backbone of the economy and creating jobs in the resort islands tourism sector.

Anastasiades said the 10 measures announced are aimed at bringing 7,500 people back into the work force and providing aid to 2,000 needy families.

The deep recession has seen the number of Cypriots relying on food parcels reach an estimated 40,000.

Anastasiades said 300 million euros will be made available through commercial banks, while the other half of the funding for the employment schemes will come from the European Investment Bank.

Unemployment in Cyprus already stands at a record 17 percent after decades of near full employment, and is expected to rise to nearly 20 percent next year.

[AFP]

ekathimerini.com , Wednesday December 11, 2013 (20:56)  
Prospect of Greek grand prix back on the agenda; huge investment needed
Juggling lighter tax burden and fiscal targets
Government tries to get handle on NPLs
Fuel tax cut would spark illicit trade, says sector expert
Excavation work at Amphipolis reveals section of marble mosaic floor
Excavation work at the site of Ancient Amphipolis, in central Macedonia, has revealed a mosaic of random while marble pieces against a red background, the Ministry of Culture has said. The m...
Greek officials meet to fine tune strategy for Paris talks with troika
Greek Prime Minister Antonis Samaras will meet with his coalition partner, PASOK leader Evangelos Venizelos, and Finance Minister Gikas Hardouvelis on Monday ahead of crucial two-day talks w...
Inside News
SOCCER
Fulham striker Mitroglou set to re-join Olympiakos
Greek champions Olympiakos Piraeus are set to re-sign Kostas Mitroglou on loan from English second tier club Fulham after the striker arrived in Athens for talks on Sunday. An Olympiakos spo...
SOCCER
Tough draw for Greek sides in Europa League group stage
Following Thursday nights high, when all three Greek teams competing in the Europa League made it into the group stage of the competition, a harsh reality struck Friday as they found out wh...
Inside Sports
COMMENTARY
A great president
I fully understand the countrys need for political stability, a necessity which makes the election of a president by the current Parliament absolutely imperative. At the same time, however,...
EDITORIAL
Dont feed the zombies
There can be no growth without resolving the issue of nonperforming business loans. However, the solution to this problem should not be based on old establishment criteria, such as political...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Excavation work at Amphipolis reveals section of marble mosaic floor
2. Greek officials meet to fine tune strategy for Paris talks with troika
3. Fulham striker Mitroglou set to re-join Olympiakos
4. Large fire in Crete brought under partial control
5. Prospect of Greek grand prix back on the agenda; huge investment needed
6. Juggling lighter tax burden and fiscal targets
more news
Today
This Week
1. A great president
2. Dont feed the zombies
3. Greek officials meet to fine tune strategy for Paris talks with troika
4. Excavation work at Amphipolis reveals section of marble mosaic floor
5. Prospect of Greek grand prix back on the agenda; huge investment needed
6. Juggling lighter tax burden and fiscal targets
Today
This Week
1. Attack on gay couple in Athens leaves one man needing surgery
2. The battle against progress
3. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
4. Strong undersea quake occurs off island of Milos, felt in Athens
5. Greek quest for debt relief faces hurdles in Paris
6. Hardouvelis, ECB executive discuss bank program, stress tests
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.