Montenegro to allocate EUR 2.8mn for active employment measures in 2013.

By bne IntelliNews January 16, 2013
The government will allocate EUR 2.8mn from 2013 budget for measures promoting employment in the country, Danka Cetkovic from the Montenegrin employment agency was quoted as saying by Pobjeda daily. The amount is almost two times lower than last year's. Active employment measures aim at increasing the qualifications of job seekers, reducing labour market mismatches and thus long-term unemployment. In 2012, only 819 persons participated in training and education programmes organised by the Montenegrin employment agency versus 1,770 persons in 2011, Cetkovic said, adding that the agency's total budget for this year declined by 13% to EUR 19.5mn. According to the latest labour force survey, the unemployment rate in Montenegro stood at 18.8% in Q3 2012, slightly improving compared to the previous quarter (20%). However, long-term unemployment increased significantly, as 72.4% of job seekers were unemployed for over two years versus 60.8% in Q2 2012.

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