Cyprus Has Been Thrashed by the COVID-19 Pandemic

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Cyprus Has Been Thrashed by the COVID-19 Pandemic

The Cyprus tourism industry is a major reason for the sharp increase in the figure of the recently unemployed on the island. The recent government data has shown approximately a 70% increase in the number of unemployment benefit claimers year on year comparing 2020 data to the previous year. The overall registered unemployed figure currently stands at about 35,000. The Cyprus government is planning to rely on EU support to boost work and new jobs in Cyprus.