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Government pleased with decline in unemployment

Deputy Government Spokesman Viktoras Papadopoulos has expressed contentment over the new figures released by Eurostat on Thursday, showing a decline in unemployment in Cyprus.

Papadopoulos noted that the figures encourage the government to continue on the path of development to further reduce unemployment.

In statements at the Presidential Palace on Friday, Papadopoulos told the press that “the fact that Cyprus is among the countries with the largest decline in unemployment in the Eurozone is very positive”.

He added however that the unemployment rate of 10.8% is much higher than in the past but is much lower than what it was in 2013 when President Nicos Anastasiades’ administration took over.

“Since then the unemployment rate has been declining at a very fast pace” the Deputy Government Spokesman noted.

These figures, he continued, “encourage the government to continue on the path of reforms, investment attraction and development”, adding that Cyprus has recorded a growth rate of 3.5% “probably the highest in the Eurozone and the EU”.

“Only through development we can create new jobs” said Papadopoulos, reassuring that “the effort will continue”.

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