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Romania receives 100 million Euros from the EC to combat youth unemployment

<1 minut de citit Publicat la 17:21 06 Feb 2014 Modificat la 17:21 06 Feb 2014
Romania receives 100 million Euros from the EC to combat youth unemployment
The European Commission has allocated about 100 million Euros to Romania under the Youth Employment Initiative to combat youth unemployment, a press statement of the institution reads, Mediafax reports.

In turn, Romania must allocate from the  European Social Fund at least the same amount to reduce youth unemployment.

The money from the European Social Fund  is  allocated to programs dedicated to increasing employment in the Member States.

According to the EC, Romania must allocate for the  ESF at least 30.8% (4.77 billion Euros) out of the  cohesion funds in the 2014-2020 budget programming.

Youth Employment Initiative is a program to assist the states in which more than 25% of  the young do not have a job or are not enrolled in education.

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