Bulgaria reshuffles funds to make a small dent in youth unemployment

The Bulgarian government said on September 11 that it was granting a further 104 000 leva (about 52 000 euro) to counter youth unemployment by assisting employers who hire people younger than 29 – a step that it claims will create 300 jobs for young people by the end of 2013.

But the deal is not without its strings, because those hired, while having the appropriate qualifications and secondary or higher education, must not have been employed previously.

The period that the subsidy will be paid is from six to 18 months.

The decision was approved by the cabinet on September 11, amending the 2013 National Action Plan for Employment.

According to the government, the changes would mean jobs for 300 young people by the end of the year.

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(Illustration:  Sergio Roberto Bichara/sxc.hu)