YEREVAN, December 12 . /ARKA/. Cyprus has earmarked 340 million euros ($467.5 million) to help combat joblessness, which is expected to peak next year at over 19 percent in the bailed-out country, The Washington Post reported referring to AP.
President Nicos Anastasiades says 300 million euros — half of which will come from the European Investment Bank — will be channeled to commercial banks for low-interest loans to small- and medium-sized businesses. –0–
