MONDAY, 22 APR 2019



Facebook Linked In Twitter
Invest Cyprus 30/04-30/03/2019

Prodromou: The President's Goal is the Resumption of Talks the Soonest

Carlos Ghosn: Former Nissan Boss Hit with Fresh Charge



Statistical Data Reaffirm the Path which Gradually Leads to Full Employment

Statistical Data Reaffirm the Path which Gradually Leads to Full Employment

The Cyprus economy, continuing its growth path, leads to a continuous improvement in the employment sector, resulting in a decrease in unemployment, Government Spokesman Prodromos Prodromos said on Tuesday in a written statement.

He noted that the latest figures published by the Statistical Service show that this year the number of registered unemployed was 14% lower compared to the same month a year ago based on seasonally adjusted data.

This, he said, reaffirms the path which gradually leads to conditions of full employment.

Prodromou notes the importance of maintaining a balanced economic policy.

A policy, he continued, which combines prudent financial management with the encouragement of investment activity, as well as the promotion of new activities related to technology, research and innovation.

According to the Statistical Service of Cyprus, based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for January 2019 decreased to 24.091 persons in comparison to 24.333 in the previous month.

In comparison with January 2018, a decrease of 5.038 persons or 14,0% was recorded which was mainly observed in the sectors of trade (a decrease of 1.158 unemployed persons), public administration (a decrease of 583), accommodation and food service activities (a decrease of 578),manufacturing (a decrease of 537), construction (a decrease of 526), education (a decrease of 173) and to newcomers in the labour market (a decrease of 1.538).

The number of unemployed registered at the District Labour Offices on the last day of January 2019, reached 30.951 persons.


Georgiades and New CBC Governor to Set Cooperation on a New Basis

Minister of Finance Harris Georgiades and new Governor of the Central Bank of Cyprus ...

Clerides: Administrative Court Ruling Appeals Justified

Attorney General Costas Clerides has outlined during a meeting at the Presidential ...

Cypriot Graduates Have The 4th Lowest Employment Rate in Europe

In the UK, recent graduates have an employment rate of 86.6%. In 2014, the EU ...



Ukraine Election: Comedian Zelensky Wins Presidency by Landslide

Ukrainian comedian Volodymyr Zelensky has scored a landslide victory in the country's presidential election. With nearly all ballots counted in the run-off ...

Amazon Plans to Shut Online Store in China

Amazon plans to shut its online store in China that allows shoppers to buy from local sellers as it downsizes operations in the country. The firm said it ...

Disruptive Technologies and their Impact on the Real Estate Industry

IMH is organising the 13th Real Estate Conference on 22 May 2019 at the Hilton Park Hotel in Nicosia. Traditionally the biggest gathering of professionals from ...

Carlos Ghosn: Former Nissan Boss Hit with Fresh Charge

Former Nissan boss Carlos Ghosn has been indicted by prosecutors in Japan on a fresh charge of aggravated breach of trust. It is the fourth charge brought ...

Cyprus Records Fiscal Deficit 4.8% and Public Debt 102.5% of GDP in 2018

The Statistical Service of Cyprus has announced the preliminary fiscal results for 2018, which have been audited and verified within the Excessive Deficit ...

Prodromou: The President's Goal is the Resumption of Talks the Soonest

President Nicos Anastasiades` goal is for the Cyprus talks to resume as soon as possible and on the correct basis, Government Spokesman Prodromos ...

National Enquirer Sold to US Magazine Distributor

The owner of US tabloid newspaper the National Enquirer has agreed to sell the title to magazine distributor James Cohen, the BBC reports. American Media ...

UCY and PwC Cyprus Co-organise the 4th Innovation and Entrepreneurship Forum

Faithful to its commitment to promote innovation and entrepreneurship, PwC supported for yet another year, the annual Innovation and Entrepreneurship Forum ...