€500 bonus for job finders

A Cabinet approved plan set to be rolled out in April aims to help 1,000 unemployed persons find work, the Labour ministry said on Wednesday.

Private employment agencies will be receiving up to €500 for any Guaranteed Minimum Income (GMI) recipient, young person or long term unemployed person they get employed.

The agencies will be invited to submit expressions of interest to participate in the programme in April and will be collaborating with the public employment service to first help GMI recipients find work.

The programme, co-funded by European social funds and the state, has a €500,000 budget for 1,000 persons over the course of up to three years or until the funds run out.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.