The Slovak cabinet approved a re-allocation of funds at its meeting on May 2 from a number of operational programmes supported by the European Union to future initiatives aimed at boosting employment of young people, the TASR newswire reported, adding that now approval from the European Commission is necessary.
"We want to put together €270 million from several operational programmes (OPs) – €100 million from OPIS (Operational Programme for the Informatisation of Society), another €50 million is already included in the Employment and Social Inclusion programme, a further €50 million will flow from OP Education, €35 million will come from OP Research and Development while OP Transport will provide €35 million," stated Prime Minister Robert Fico after the meeting, as quoted by TASR.
"The €270 million will be split into two operational programmes, namely Competitiveness and Economic Growth and Employment and Social Inclusion. We want this money to be used towards diverse job creation projects. Employers might receive a sum of money towards keeping a young person employed for longer. The youth would then acquire working habits as well as experience, which is so vital for landing another job," Fico stated, as quoted by TASR.
The prime minister did not specify the planned number of new jobs to be created via the initiative. "It will all hinge on the extent to which the European Commission approves our proposal," he stated.
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
3. May 2012 at 14:00