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European funds to tackle youth unemployment to arrive by summer

The reallocation of up to €270 million in European money from structural funds and into projects to tackle youth unemployment looks set to be approved by Brussels, according to European Commissioner for Regional Policy Johannes Hahn.

The reallocation of up to €270 million in European money from structural funds and into projects to tackle youth unemployment looks set to be approved by Brussels, according to European Commissioner for Regional Policy Johannes Hahn.

“I assume that it will be solved very quickly, at least by the beginning of summer,” Hahn said, as quoted by the Sme daily, after meeting with Slovakia’s transport minister, Ján Počiatek. He added that European officers could even help Slovakia to prepare the official request necessary for re-allocation of the funds.

The money for Slovakia, which has the third highest youth jobless rate in the European Union, is to be allocated mainly from the operational programmes for informatisation of society, education and science, and transport. Slovakia will only be able to move money which it will not able to draw down completely by the end of 2013.

Source: Sme

Compiled by Radka Minarechová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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