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EU funds diverted for youth jobs

THE SLOVAK cabinet approved a proposal on June 27 to divert some funds from two EU-supported operational programmes to finance measures supporting youth employment and give subsidies to small and medium-sized enterprises if they hire young workers, the TASR newswire reported.

THE SLOVAK cabinet approved a proposal on June 27 to divert some funds from two EU-supported operational programmes to finance measures supporting youth employment and give subsidies to small and medium-sized enterprises if they hire young workers, the TASR newswire reported.

A total of €55 million from the Operational Programme Transport will be transferred for these purposes but the remaining resources in OP Transport will still be nearly €3.8 billion.

“That means that the allocated resources will be reduced by 1.43 percent,” stated Ján Počiatek, Minister of Transport, Construction and Regional Development, in the document submitted to the cabinet meeting, as quoted by TASR.

An additional €70 million will be diverted from OP Education to OP Employment and Social Inclusion and it is expected that about 13,000 jobs for young people will be created using these transferred funds. The Labour Ministry is currently preparing specific programmes.

“Within two or three weeks we want to prepare two specific programmes that should create conditions for about 13,000 new jobs,” stated Labour Minister Ján Richter, as quoted by the SITA newswire. The ministry is contemplating a combination of measures focusing on the requalification of young jobseekers so that they meet the needs of the employers and providing salary subsidies for young workers.

One programme will be focused on jobs with local and regional governments and the other will support small and medium-sized enterprises in the private sector that could qualify for state support if they hire young jobseekers, SITA reported.

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