// IP Marketing video - START// IP Marketing video - END

Greece's unemployment rate rises to 26 percent

Greece's unemployment rate rises to 26 percent

PanARMENIAN.Net - Greece's unemployment rate rose to 26 percent in September, as the country heads toward a sixth year of recession, AP reports.

The Greek Statistical Authority announced Thursday that 1.295 million people were recorded as being unemployed in September — pushing up the jobless rate up from 25.3 the previous month and 18.9 percent a year earlier.

The number of people employed stood at 3,695,053 while another 3,373,692 were listed as financially inactive, according to a statement with September data.

Greek unemployment has surged as a result of harsh austerity measures imposed in return for international rescue loans. The Bank of Greece forecast this week that the country's gross domestic product would contract by more than 6 percent this year, and by a further 4-4.5 percent next year.

 Top stories
The official said that the EU countries have already issued a mandate for negotiating a corresponding document.
Iran plans to increase natural gas exports to Armenia from 1 million cubic meters per day to 3 million cubic meters in the next few years.
“The two sides are currently preparing the required infrastructure for boosting natural gas exchange,” NIGEC chief Alireza Kameli said.
Sargsyan said fingerprints of some 1.5 million potential voters will have to be collected which requires a lot of work.
Partner news