However, Cyprus has the fourth highest unemployment rate in Europe. First on the list is Greece with a rate as high as 25% followed by Spain at 21.5% and Croatia at 15.4%.
As far as the EU-28 average the unemployment rate has decreased also slightly to 9.3% from 10.1% of last September. In the euro area unemployment fell in September to 10.8% from 10.9% in August.
As expected the lowest unemployment rate is in Germany. The countries of the North overall have lower unemployment rates than the countries of the South with the exception of Malta with an unemployment rate of 5.1%.
Source: InCyprus
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Georg Bühler, ,
Digital assets are no longer a niche, but a part of modern finance attracting a growing number of investors – and there is immense potential for Cyprus to become a leading cryptocurrency hub. By fostering a more inclusive regulatory ecosystem, Cyprus can diversify its financial services sector and position itself at the forefront of digital finance, says Georg Bühler, Managing Director of Mount Pelion Capital.
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