EU globalization fund's €1.1m allocation to Estonia gets final approval

A job fair organized for VKG employees in Ida-Viru County. (ERR)
11/25/2016 4:55 PM
Source: BNS
Category: Business

The European Commission signed the decision to allocate 1.1 million euros to Estonia from the European Globalization Adjustment Fund (EGF) on Wednesday; the money is expected to be transferred within two weeks.

The European Commission's approval of Estonia's application for funds to provide additional labor market services to people who lost their jobs in the course of massive lay-offs in the Ida-Viru region of Northeastern Estonia will enable the country to utilize the resources of the European Globalization Adjustment Fund for the first time, spokespeople for the Ministry of Social Affairs said.

"In order to be competitive on the labor market, it is essential to raise one's qualifications and acquire new skills," Siiri Otsmann, director of the ministry's Employment Department, said in a press release. "Compared to regular services, those laid off in Ida-Viru County will be provided with extra support to participate in higher-level skills programs and more instruction in the Estonian language. These services have been available since July already and people are actively using them."

As of the end of October, 122 people had been or were participating in formal education within the adult education system, 149 in employment training, 42 in Estonian language courses and 28 in practical training. Mobility support had also been granted to 12 individuals.

The European Parliament gave the green light to Estonia's application for funds on Oct. 24 and the EU Council that represents members states' governments approved it on Nov. 8. The Estonian government authorized the Ministries of Social Affairs and Finance as well as the Innove Foundation in March to request the money from EGF as well as administer the funds.

Editor: Aili Vahtla

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