Government with series of measures to create new jobs

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The opening of new jobs remains top priority. Government through the Employment Agency announced new listings that provide financial support for self-employment and creating new jobs. This is one of several measures of the Government aimed at increasing employment and encouraging private initiative in business.

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Two of the measures in the announcement are aimed at opening up businesses and self-employment of people who are currently unemployed. These people can do that either by individual application for credit funds or joining of several entities and application for funding to open business.

The other two measures are aimed at micro and small enterprises for which the Government provides cheap credit and financial instruments up to open 3 new jobs.

Special emphasis is given to the self-employment of young persons under 29 years of age, and the opening of new jobs in micro and small enterprises where they would employ young people up to 29 years of age. The measures give results and that is why these projects will continue, said government spokesman Aleksandar Gjeorgiev.

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Employment by crediting

Project goal is interested unemployed, active job seekers who want to start their own business to be enabled with favorable loan, which will create new jobs and self-employment in agriculture, trade, manufacturing, construction, service activities etc.

The conditions under which you can get the credit funds are:

  • For small-scale businesses for each new job are provided is 3,000 euro and will be financed projects with up to three jobs, i.e. 9,000 euro;
  • For larger businesses is approved the loan of 5,000 euro and for each new job 3000 euro, which will finance projects with up to 5 positions, respectively to 17,000 euro;
  • Additional stimulus funds up to 1,000 euro in the form of loans approved for people who are unemployed on grounds of redundancy, bankruptcy or liquidation that have used monetary compensation for at least 6 months and are unemployed for more than 3 years;
  • Repayment of the funds is 3 years including grace period of 1 year for loan to 9,000 euro i.e. 5 years including grace period of 1-year loan for over 9,000 euro;
  • Annual interest rate of 1%;

Credit for self-employment of young persons under 29 years of age

Project goal is interested unemployed persons up to the age of 29 years, active unemployed people, who want to start their own business, to be enabled with favorable loan, which will create new jobs and self-employment in agriculture, trade, manufacturing Industry, construction, services, etc.

The conditions under which you can get the credit funds are:

  • For the applicant of 7,000 euro and for each newly opened position additional 1,000 euro to the basic amount of 3,000 euro, which will finance projects with up to 5 jobs, i.e. 23,000 euro;
  • Repayment of the funds is 7 years (84 months) or the repayment period of 66 months (5.5 years) and grace period of 18 months (1.5 years);
  • Annual interest rate of 1%;

Lending to micro and small enterprises for creating new jobs

Application may submit legal entity (micro and small enterprise) that is registered at least one year, has at least one employee for a minimum of 3 months prior to the publication of the public notice, and which also has not reduced the number of employees in the last 6 months.

Application for participation in this project can submit unemployed young person under age of 29 years, who is registered in the Agency for Employment as a person that is actively seeking work for at least 1 day prior to the publication of the public notice, and was not employed for at least 3 months from the date of publication of the public notice.

The loan is in the of 3,000 euro per available job employment of person over 29 years

Creating new jobs for people up to 29 years

The state will award 4,000 euro per job opening for employment of person under age of 29 years. It can take maximum amount of 9,000 euro for employment of 3 people over 29 years or 12,000 euro for hiring unemployed 3 young people until the age of 29 years.

The legal entity that will employ unemployed person full-time, is obliged to keep it for at least 36 months from the date of establishing of the employment. In case of termination of employment on any basis, the employer is obliged to employ another unemployed person full-time on its place from the records of the Employment Agency, otherwise will have to repay premature the loan in full.

The conditions under which you can get the credit funds are as follows: After the grace period of one year loan has repayment period of two years, with interest rate of 1 percent annually. The announcement of these measures is open from 4 to 21 of September.