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Examples of Projects of OP “Employment, Human Resources and Social Cohesion”
Project: Scheme Providing Incentives for Employment of the Unemployed
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/mlsi/dl/dl.nsf/all/DAFF323190F15571C2257CE70039D5AD?opendocument
 
 
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