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The Government of the Republic of Serbia

In the service of citizens

Better education to help reduce unemployment

Novi Sad, 18 June 2007

Serbian Minister of Economy and Regional Development Mladjan Dinkic warned today in Novi Sad that the problem of youth unemployment is especially prominent in Serbia and that it has to be solved.

Speaking at a panel discussion "The young and employment", held at the Faculty of Technical Sciences, Dinkic said that the rate of unemployment is 21.7%, while in case of the young it is 47%. That problem can be solved only if we improve education, he explained.

There is also a problem of re-qualification and additional training because those who already have degrees have to take intensive courses in order to adjust to the demand.

He said that €30 million will be invested this year in the programme of loans for beginners without the need for a mortgage, which will begin in September.

The Minister said that those who already worked in a state or private company and have entrepreneurial spirit will be eligible for the so-called start-up loans for beginners.

He said that those loans will be from €15,000 to €30,000 per loan.

The minister also said that the National Employment Service will pay special attention to programmes for self-employment of the young and recalled that last year 200,000 youths were included in these programmes, but that is insufficient when the number of jobless is taken into account.