“Yes”, new schemes of employment
The Council of Ministers in Cyprus has proposed a budget of around €6.7 million towards the fight against unemployment. In exchange for subsidies from the state, employers hope to attract 800 young people aged 25 to 29 years to their companies. It’s expected that companies will be reimbursed 70% of expenses on employees’ salary, with a ceiling of €8,400. There is a collection of applications from employers currently.