articles | 15 May 2015

€20m in new job subsidy schemes

The Labour Ministry is expected to announce a €20m investment that aims to tackle unemployment and boost economic activity using three different schemes.

With an €8 million budget, the first scheme sets out to offer incentives to small retail sector businesses that employ up to four staff to introduce unemployed people to their workforce. The second scheme deals with offering work experience in different businesses and organisations to unemployed youths that are high school, lyceum or technical school graduates and higher education students in their second year. The budget, undertaken by the Human Resource Development Authority (ANAD) comes to €4 million.

Applications can be submitted from June to August 31. The last scheme with a €8 million budget, also from ANAD, aims to offer unemployed recent graduates work experience in businesses and organisations. Applications are open from May 25 until July 31.

Applications for the first scheme undertaken by the labour ministry can be found at and should be submitted to district and local labour offices between May 20 and June 19.

ANAD applications can be submitted electronically at or at local offices.

Source: Cyprus Mail

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