The Cypriot Labor Ministry has brought forth a bill requesting the relocation of 170 million euros in pension accounts to the social security fund, to assist in increasing unemployment allocations.

As reported by a European Commission document, Cypriot financial adjustment protocols are continuing on the right path, while implementation strides have been achieved in all major sectors, however some challenges remain.

Today, EU statistical firm Eurostat published a report that revealed Greece remains the highest member, regarding unemployment rates.