In only one month since the FBiH Government issued the Public Call for Subventions for First Employment and Self-Emplyoment of Youth over 6,000 applications have been delivered.
The Federal Employment Agency received requests for employment of over 4,000 youth and 2,000 applications for self-employment.
According to the data of the Federal Employment Agency, due to the vast number of applications and a limited amount of funds, applying for Public Call has been temporarily paused for applicants from Central Bosnian, Sarajevo, Zenica-Doboj, Herzegovina-Neretva and Posavina Canton.
The Institute for Youth Development KULT, as a part of the â€śBH Business Siteâ€ť initiative, vehemently supports the initiative of the Government of FBiH for subventions for employing youth without working experience and self-employment, as well as all similar initiatives that aim to increase the number of employed youth and, finally, to improve the position of youth in our country.
As a part of the initiative, a video Taxes was made which aims to present the extent of the burden the emplyoers have to bear due to paying contributions.
The Public Call for Requests for First Employment and Self-Employment Subventions was published in accordance with the Provision on Employment Incentives that the FBiH Government enacted in the end of 2015. This Provision is one of the measures of the Action Plan for realization of the reformation agenda of the Federation of BiH. In this manner the FBiH Government is trying to incite employment with economic entities, along with entrepreneurial activity in mostly youth, and contribute to resolving the problem of unemployment, the gravity of which reflects in the number of over half a million unemployed in our country.
The measure projects employment of around 7 to 8 thousand persons by employing youth without or with one year of working experience and inciting self-employment of youth. It is a total amount of 50 million BAM for subventions, i.e. the highest amount allocated so far for employment and self-employment incentives.
The Institute for Youth Development KULT supports this measure as a good first step towards creating and realizing long-term youth employment measures. In the future, the Institute will advocate the enactment of the Law on Emplyoment Incentives in FBiH on a similar principle, and all based on the Law that the neighboring Croatia enacted in 2012.
The applications are still ongoing and are conducted by filing a request on the web-portal of the Federal Employment Agency via the following link: http://www.fzzz.ba/vijesti/uredba-subvencioniranje-zapoljavanja-mladih-bez-radnog-iskustva-i-samozapoljavanja