Business News

Govt Earmarks EUR 5M for Fighting Long-Term Unemployment

Ljubljana, 26 August (STA) - The government earmarked an additional EUR 5m for fighting long-term unemployment as part of an ongoing programme aimed at young and old people, minorities and the disabled.

In line with today's decision, the budget for the (Employ Me) project will rise from EUR 8.2m to EUR 13.2m, which the Government Communication Office said should create 1,100 new jobs for at least a year.

Employers will be entitled to a subsidy of EUR 5,000 under the condition that they are based in an area of high unemployment or if they hire a long-term unemployed person from the qualifying groups (young and older job-seekers or members of the Roma community).

Subsidies will also be available for the hiring of disabled persons, although they will be slightly lower as employers are already subject to certain tax breaks on such workers.

The government statement said that long-term unemployed persons represent half of all registered unemployed people in Slovenia.

This will be the third stage of the project, as two other stages this year have already resulted in 2,131 hirings for one year. Both have been financed with the help of the European Social Fund.

Another stage was launched on 18 August, with the budget set at EUR 1m.

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