Cyprus Receives €130 Million from the EU to Promote Employment

Immigrate to Cyprus focuses on Cyprus Economic Development: According to Cypriot media reports, the Minister of Labor Zeta Emilianidou stated that the European Union will grant Cyprus €130 million from the EU Social Fund to finance employment programs aimed at reducing youth unemployment and long-term unemployment in 2016. The Minister also indicated that Cyprus will create 13,000 new jobs over the next 10 years, primarily in the energy and service sectors, such as casinos and luxury hotels.