The Greek Cypriot Haravgi newspaper reported that South Cyprus is the third poorest country in the EU according to the study of the European Parliament.
The newspaper also indicated that poverty in South Cyprus increased recently and 27.4 percent of the Greek Cypriot people are living at the poverty line.
Stating that this percentage equals to 240,000 people, the newspaper pointed out that the highest poverty increase rate is in South Cyprus with 4.1 percent after Greece and Spain.