President of the Republic of Lithuania

EU's joint efforts to reduce youth unemployment


Thursday, March 14, Brussels - In Brussels, President Dalia Grybauskaitė is attending a European Council meeting which has debated measures to boost economic growth. Special attention was paid to reduction of unemployment, especially of young people. According to the President, this is a major problem for both Lithuania and the European Union. Almost six million young people are jobless in the EU today.

The meeting discussed the Youth Guarantee initiative. The objective of this initiative is to get young people into employment, further education or (re)training within 4 months of leaving school. It is planned to allocate EUR 6 billion from the EU budget 2014-2020 for implementation purposes. Support will be given to the member states where youth unemployment rate is above 25 percent.

"European initiatives alone are not sufficient, immediate implementation is needed. It is the government's duty to translate into action, responsibly and effectively, all the necessary measures to reduce youth unemployment, providing adequate conditions for young people to join actively the labor market," the President said.

The heads of state and government of the EU member states also took stock of the results of the pilot initiative launched in 2012 in which Lithuania took part together with the other seven member states.

Under the pilot initiative, in Lithuania EUR 9 million of the EU structural funds were allocated for youth unemployment reduction projects, vocational training programmes were offered to about 6 000 young people and a new measure was approved on business financing opportunities for young business starters. The project providing first-job skills for young people was extended. Overall, some 12 000 young entrepreneurs would be mentored or coached and some 25 000 young people would be better informed on business financing opportunities under this initiative.

Press Service of the President

Last updated 2013.03.14 18:39