Non-repayable funds for young people to start their own business

The Municipality of Centar Sarajevo, led by Mayor Dževad Bećirević, with the aim of encouraging youth employment, continues to provide financial support from its budget to the best business projects intended for the development of entrepreneurship and self-employment of young people from the area of the central Sarajevo municipality through co-financing the costs of starting and developing their own business, it was announced from the Municipality of Centar, as reported by the Patria news agency.  

After the procedure was carried out, non-repayable funds in the total amount of 50,000 KM from the municipal budget were approved for five young candidates for the realization of their business plans, which were assessed as the best, and contracts were signed with them on May 6, the Municipality of Centar has again issued a public call for unemployed young people to submit their business plans.

The call was published on May 9, 2016, in the daily newspaper ''Oslobođenje'' and remains open for 60 days. The text of the public call, together with the forms for submitting a business plan and a statement, is also available on the website of the Municipality of Centar: www.centar.ba (section ''Tenders and advertisements'').

The right to non-repayable funds for starting and developing their own business, which can amount to up to 15,000 KM per business plan, is held by residents of the Municipality of Centar up to 35 years of age who are registered as unemployed with the Employment Service of the Sarajevo Canton. The procedure for awarding non-repayable funds of the Municipality of Centar for encouraging youth employment is carried out by a commission in accordance with established criteria and measures, the statement reads.