Croatia, EU focus on youth unemployment

12/02/2014

With the help of an EU programme, Croatia is tackling unemployment for citizens younger than 25. Also in business news: the 2014 Balkan Economic Summit was held in Bursa, Turkey, and Romania and Bulgaria saw an increase in exports last year.
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About 50 percent of Croatians younger than 25 are unemployed. [AFP]

Croatia will receive nearly 128 million euros as part of the EU's Youth Guarantee preparatory action that applies a new approach to unemployment for those younger than 25. Youth unemployment in Croatia is more than 50 percent.

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Macedonia and Albania should take steps to improve business co-operation, representatives of the chambers of commerce of the two countries agreed at a meeting in Skopje. They underlined the importance of infrastructure investments to improve business ties, as well as the need to organise regular business forums and take advantage of opportunities to jointly enter third markets.

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Kosovo and Albania signed an agreement to co-operate in the tourism field. The tourist ministries of the two countries agreed to create and develop joint tourism packages, as well as work to increase the number of visitors by providing better conditions and standards in the industry.

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The city of Bursa in Turkey hosted the 2014 Balkan Economic Summit. The event drew government officials, NGO representatives and almost 800 businessmen from across the Balkans, who discussed commercial and co-operation opportunities.

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Finnish mobile phone maker Nokia Corporation sold its Romanian subsidiary to Nokia Finland Oy, another company within the Nokia group, for 18.8 million euros. Nokia began operations in Jucu, Romania, in 2008, but shut down the factory in 2011 and moved production to Vietnam.

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Romanian President Traian Basescu invited Turkish businessmen to invest in his country, stressing opportunities in infrastructure, food and energy. He said the two countries can co-operate in other markets such as Azerbaijan, Kazakhstan, Turkmenistan and Armenia, where they can set up joint business ventures.

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Romania and Bulgaria's exports reached record levels last year, according to the latest official data. Romania exported goods worth 45.9 billion euros, up 10 percent year-on-year. In Bulgaria, exports were worth 22 billion euros, representing a 6.8 percent increase from 2012.

(Various sources -- 05/02/14-12/02/14)

This content was commissioned for SETimes.com.
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