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Cyprus: Reduction of unemployment related to growth

Reduction of unemployment is directly related to growth Minister of Labour Sotiroula Charalambous pointed out, referring to the new project of the Ministry aiming to create one thousand jobs.

The Minister said the project has already been approved by the Cabinet with view of boosting employment among young persons up to 29 years old or people who have been jobless for more than seven months, through funding salaries by 50% and in the case of the constructions sector by 65%.

Charalambous said the Ministry will be in a position to accept applications for participation in the program from those companies interested in the next days, with a view to give job to one thousand jobless persons.