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1 billion leva injected in the labor market next year

Submitted on Tuesday, 29 September 2009No Comment

The Ministry of labor and social politics will provide nearly 1 billion leva for the labor market next year.

This was announced by the minister Totiu Mladenov, who added that 250 million leva will be provided from the operative program “Development of human resources”, 200 million leva will be provided in the form of active labor market measures and another 200 million will be in the form of passive measures (compensations).

The other 400 million will remain in the business due to the reduction of the insurance payments by 2% from January 1st. The priorities of the Ministry of labor and social politics in 2010 will be to develop new politics regarding qualification. The first meeting on this issue will take place tomorrow.

Minister Mladenov cited data from the World bank, according to which 25% of the people between 15 and 24 years in Bulgaria are “neither studying nor working, and don’t have any intent to change that.” To aid the young people in Bulgaria, the ministry will introduce several short term measures.

One of them is the extension of the compensation period by 3 months, but only for people that involve themselves with re-qualification training. This measure is intended to protect young people up to 29 years. 11,5 million leva will be provided from the budget, and more than 25 thousand people will take advantage of this measure.

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