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The EU boosts youth employment in the Western Balkans with €10 million for small and medium enterprises

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Thanks to a €10 million guarantee package financed by the European Union, businesses offering employment or training to young people in Albania, Bosnia and Herzegovina and Kosovo will benefit from €85m in loans. An estimated 1,200 businesses will be able to benefit from these loans, which will allow them to create 1,300 vocational training courses, internships and employment opportunities for young people.

Neighbourhood and Enlargement Commissioner Olivér Várhelyi said: “We continue to help the SMEs as they provide many jobs in the Western Balkans. Supporting businesses that employ young people is a particular priority. Investing in youth gives momentum for a stronger, more innovative and dynamic economy in the region.”

The EU is providing support as part of the initiative ‘EU for Youth Employment and Entrepreneurship' implemented under the Western Balkans Enterprise Development and Innovation Facility (WB EDIF). More information is available online.

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