Cyprus Launches 6 Employment Support Schemes

For the best immigration news regarding the 6 employment support schemes launched by Cyprus, visit the official Worldway investment immigration website.

世贸通
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    Follow Cyprus Investment Immigration and Life in Cyprus: The Minister of Labour of Cyprus stated that the government will implement 6 new labor subsidy schemes to support employment in specific sectors. It is expected that these will create 7,500 jobs or internship opportunities for unemployed young graduates in the retail and tourism industries. The aforementioned schemes will cost 40 million euros, with 5 of the plans requiring co-financing from the European Social Fund of over 95%.

 

Cyprus Launches 6 Employment Support Schemes

 

Among these labor subsidy schemes, 2 are aimed at young people with the goal of creating job opportunities for them. The first provides work or internship positions for 2,500 university graduates in the public or private sector; the second provides 6 months of employment opportunities for 2,500 unemployed young people with secondary or tertiary education, allowing them to accumulate work experience. In addition, there are subsidy schemes for retail enterprises employing more than 4 people, training schemes for retail trade enterprises employing more than 49 people, training schemes for hotel employees who were partially or fully suspended between November 2013 and March 2014, and training schemes for new unemployed employees in the hotel industry.

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