Greek unemployment hits new record highAugust 8, 2013 - 17:32 AMT PanARMENIAN.Net - Unemployment in Greece has risen to a new record high of 27.6 percent in May, up from 23.8 percent in the same month last year, according to The Associated Press. The Hellenic Statistics Authority said Thursday, Aug 8 the jobless rate rose from 27 percent in April this year. Young people were by far the worst affected, with unemployment among job-seekers aged 15 to 24 standing at 64.9 percent. Greece has been depending on funds from international rescue loans since May 2010, after years of profligate spending and fiscal mismanagement left it with a massive budget deficit. In return, successive governments have imposed stringent austerity measures, including tax hikes and salary and pension cuts. The country is currently in the sixth year of a deep recession. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |