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Yordan Hristoskov, Bulgaria's caretaker Minister of Labor and Social Policy, photo by BGNES
The European Union will allocate EUR 105 M to fighting youth unemployment in Bulgaria, according to caretaker Labor and Social Policy Minister Yordan Hristoskov.
Speaking Friday in Plovdiv, Hristoskov announced that the program would be launched in October and it would include 8000 young people.
He made clear that employment offices across the country were accepting applications from employers and unemployed young people aged up to 22.
Hristoskov, as cited by the Bulgarian Telegraph Agency, informed that the EU program Youth Guarantee included two segments, one for them targeting young people who had completed a certain level of education and had a professional orientation, while the other one was focused on young people who did not fulfill the educational and professional requirements.
Bulgaria’s caretaker Labor Minister noted that Bulgaria would provide BGN 5 M in national funding for the launch of the program, adding that the sum had been planned under the budget update.
He also said that the number of young people included in the program would increase in 2015.
According to recent data of Eurostat, youth unemployment in Bulgaria in July amounted to 21.2%, meaning that a total of 37 000 people aged up to 25 were out of work.
Over 160,000 young people are neither working nor studying, Minister of Labor and Social Policy Denitsa Sacheva revealed during an event organized by the Swiss Embassy related to the promotion of employment among the Roma population.
Pensions will increase by at least 6% from July 1, 2020.
The euro area (EA19) seasonally-adjusted unemployment rate was 8.
Four years after the start of the new programming period and three years before its end, Bulgaria continues to lag behind in the absorption of European structural and investment funds.
Prime Minister Boyko Borissov had a meeting with the special envoy of the General Secretary of the UN on youth employment Werner Faymann.
GERB leader Boyko Borissov reacted to the fall of the Zhelyazkov government during a live broadcast on his official Facebook page, following the mass protests across the country.
The government is making a second clumsy attempt to introduce the state budget.
People with disabilities in Bulgaria face the most severe difficulties in the entire European Union, alongside Greece
The current patient fee for a medical consultation has lost its purpose and no longer serves its intended functions, according to Bulgarian Medical Association (BMA) chairman Dr.
Brussels has unofficially warned Bulgaria’s Finance Minister Temenuzhka Petkova that the country’s euro adoption process could be suspended, according to BGNES, citing Nova TV.
"Everyone wants positions – in regulatory bodies and ministries," he emphasized.
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