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Financial Mirror (Cyprus) - - FRONT PAGE -

Some 6,840 young peo­ple have taken part in place­ment projects im­ple­mented by the Hu­man Re­source De­vel­op­ment Au­thor­ity to ad­dress youth un­em­ploy­ment with a bud­get of EUR 24 mln, Labour, Wel­fare and So­cial In­surance Min­is­ter Zeta Emil­ian­ides said on Tues­day.

She said that 1,946 grad­u­ates of sec­ondary and post­sec­ondary ed­u­ca­tion and 4,894 univer­sity grad­u­ates joined the HRDA projects that sub­sidised the em­ploy of out-of-work young peo­ple in busi­nesses or pub­lic or­gan­i­sa­tions.

Emil­ian­ides noted that in Fe­bru­ary 2009, the HRDA im­ple­mented a Spe­cial Preven­tion-Ac­tion Plan at an es­ti­mated cost of EUR 65 mln with the num­ber of par­tic­i­pants to date reach­ing 39,000.

The Min­is­ter said the cri­sis has mostly af­fected young peo­ple, but ap­peared con­fi­dent that the tar­gets set for the projects will be ac­com­plished.

In 2013 the Au­thor­ity spent EUR 21.6 mln on train­ing schemes. A to­tal of 53,493 per­sons took part in 5,726 train­ing pro­grammes funded or ap­proved by the Au­thor­ity, said its Chair­woman Niki Mattheou.

Ac­cord­ing to the lat­est fig­ures of the EU’s sta­tis­ti­cal ser­vice Euro­stat, un­em­ploy­ment in Cyprus fell to 15.4% in Au­gust or 67,000 peo­ple, com­pared with 15.7% in July and 72,000 or 16.6% in Au­gust 2013. The job­less rate among the un­der 25s was 37.1% in June, or 16,000 peo­ple.

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