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The Scheme aims unemployment by providing incentives to employers to hire the unemployed. The incentives concern the subsidy of part of the salary cost of the person to be hired, persons who are out of employment at the date of employment and are registered as unemployed in the Public Employment Service (PES), before the date of their employment. Individuals must be citizens of the Republic of Cyprus, or third-country nationals, who are legally resident in the Republic and have free access to the labor market.

Subsidy: €8.600

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The Scheme aims to provide aid-sponsorships to companies to facilitate the recruitment of persons belonging to the target group, as defined in the Scheme, young people aged 15 to 29 years (29 years and 364 days), at the date of recruitment, who are out of employment, education or training and are registered as unemployed with the Public Employment Service (PES) before the date of their employment. Individuals must be citizens of the Republic of Cyprus, or third-country nationals, who are legally resident in the Republic and have free access to the labor market.

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The Scheme aims at providing firms aid-grants to facilitate the recruitment of persons belonging to the target group, as defined in the Scheme, Young people aged between 25 and 29 years (29 years and 364 days) on the date of their hiring during the period of validity of the call for participation in the Scheme who are out of employment, education or training and are enrolled in the Public Service Employment (PES).

The grant is up to 70% of the employee's salary cost up to a maximum of € 8,400 for the first ten (10) months of employment and an employer's obligation to maintain the employee's employment for two (2) additional months without a grant.

Applications for submission are accepted from 25/04/2017 to 31/05/2017

The Scheme aims at providing firms aid-grants to facilitate the recruitment of persons belonging to the target group, as defined in the Scheme, unemployed persons up to 25 years old, registered in the Public Employment Service on the date of application for participation in Scheme.

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