Examples of Projects

Description of the Project/ Objectives:

The scheme aims to provide financial aid to the employers, in the form of salary subsidisation, in order to hire unemployed individuals who are registered in the Public Employment Service.

The subsidy is granted for the first 10 months of employment, with obligation of the employer to employ for 2 additional months the employed person without subsidisation . 

Expected Results: Decrease of Unemployment

Implementation Period: June 2014 – June 2015

Total Budget: €8.500.0000

European Social Fund (ESF) contribution: €7.225.000 (85%)

Implementing Body: Department of Labour

Further Information: http://www.mlsi.gov.cy/