ECONOMY

Programs to reduce number of unemployed youths

January will see the start of the implementation of Labor Ministry programs for helping the unemployed, in projects targeted at tackling the huge jobless rate among young people.

One of the programs provides for the entry into the labor market of some 45,000 people up to the age of 29 through up to 100 hours of training in horizontal and specialized skills and placement in private sector enterprises for a minimum of five months with a subsidy of 400-460 euros per month as well as full medical coverage and risk insurance.

Another program concerns the development of self-employment and is aimed at covering almost 18,000 unemployed people aged between 18 and 35 years.

These programs, along with the planned interconnection of universities and other higher education institutions with businesses, will cost a total of 537 million euros.

Some 372 million of that will be forwarded to recipients directly from the Labor Ministry and the Manpower Organization (OAED).