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Cyprus takes steps to bring down joblessness: Washingtonpost

12.12.2013 12:27

Cyprus takes steps to bring down joblessness: Washingtonpost

YEREVAN, December 12 . /ARKA/. Cyprus has earmarked 340 million euros ($467.5 million) to help combat joblessness, which is expected to peak next year at over 19 percent in the bailed-out country, The Washington Post reported referring to AP.

President Nicos Anastasiades says 300 million euros — half of which will come from the European Investment Bank — will be channeled to commercial banks for low-interest loans to small- and medium-sized businesses. –0--

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Categories: Economy @en, General news, News, News of the hour | Comments Off on Cyprus takes steps to bring down joblessness: Washingtonpost

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