Slovakia to provide EUR 66mn to reduce high youth unemployment.

By bne IntelliNews April 23, 2012
Slovakia plans to allocate EUR 66mn from the EU funds to reduce the high unemployment rate among young people, which reaches more than 30%, Hospodarske Noviny reported. The project, which will be discussed with the European Commission at the Brussels on April 24, 2012, envisages that the state will reimburse companies that create jobs for school-leavers and university graduates. Out of the current 400,000 unemployed people in Slovakia, nearly 70,000 are young people below the age of 25. Slovakias youth unemployment is the second-highest in the European Union after Spain.

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