Major drop in Cypriot joblessness

The latest data released by Cyprus' District Labor Offices indicate a notable decline in registered unemployment rates for November, both on a monthly and on a yearly basis.

According to the Statistical Service of Cyprus (CyStat), comparing the current statistics to November 2022, there was a substantial decrease of 2,647 persons, or 17.3%, based on seasonally adjusted data.

Jobless rate drops below 10%

Unemployment in Greece has finally dropped below 10% for the first time in 14 years. According to Hellenic Statistical Authority (ELSTAT) data, the seasonally adjusted unemployment rate in October 2023 reached 9.6%, compared to 11.8% in October 2022. The last time ELSTAT recorded a single-digit rate (9.9%) was in August 2009.

EU Commission Projects Bulgaria's Economic Slowdown in 2024

The European Commission's latest autumn economic forecast reveals Bulgaria's anticipated economic slowdown in 2023 and 2024, followed by a predicted rebound in 2025. Projections indicate a decrease in imports and exports alongside steady household consumption levels, set to rise gradually in the coming months of 2024.

Bulgarian Industries Suffer Double-Digit Slump in September Production

Bulgaria's industrial landscape faced a substantial setback in September, witnessing a sharp decline both on a monthly and yearly scale, according to data from the National Statistical Institute. The year-on-year contraction reached a staggering 11.5%, surpassing the 2.7% dip compared to August.

Jobless rate at 14-year low

Greece's unemployment rate is finally on the verge of dropping into the single digits after 14 years, as on Friday the Hellenic Statistical Authority (ELSTAT) reported a 10% jobless rate for September, a level unseen since before September 2009, when it had come to 10.1%.