Saturday, 20 October 2018 | News today: 6

Support for higher wage than the minimum: EUR 60 euros from the state for EUR 300 wage for new employees

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State aid will not be granted for new employments with a minimum wage. According to new packages for support of new employments, which are announced to start from March next year – aid for companies will be given only if they give a salary that is 50% higher than the minimum wage guaranteed by law.

As a government we do not need  to subsidize new employments with a minimum wage, says Deputy Prime Minister Koco Angjusev.

Thus, in the case of a net wage payment that is 50 per cent higher than the minimum net wage, state aid will be 20 per cent. This assistance will apply to the new employment of those who have completed their education, to someone who for three months is actively seeking work, to someone who has lost his job due to bankruptcy or who is employed in the public administration to make a transfer to a private company.

Given that the minimum wage is 12,000 denars, this means that support for those employees who will take 18,000 net wages, from which the state will subsidize the employer with 20% or 3600 denars.

There will also be support in new investments so that companies can claim 10 percent of the invested funds in equipment, buildings or land, but up to a maximum of 1 million euros over a period of 5 years.

To keep the young, there are funds for companies that will form creative development centers. And here the assistance can be up to 1 million euro for 5 years.

If companies grow by 5 percent in the past three years, it is possible to get 10 percent of investment costs to increase competitiveness in new markets, and if it is done in markets from the Balkans, another 20 percent will follow.

As of March next year, each company can choose set of measures that best suits them to contribute to new employments with higher salaries, to hire young staff, increase competitiveness, provide products for export, and there will be measures to attract foreign investors.

For this purpose, EUR 50.4 million will allocated for the next year, or 46 percent more than this year.

The measures are covered in the Economic Growth Plan, which was in public insight for 3 months..