The amendments foresee ensuring first jobs for young unemployed people up to 29 years old, who are finishing secondary or higher education. The changes were voted on 26 July 2013. According to the amendments employers who open jobs for young people in this category will receive state subsidies for a period of 6 to 18 months to cover some of the expenses – 30 % for the first 6 months, 50 % for the next 6 months and 75% for the last 6 months. The changes in the Employment Encouragement Act regulate the provision of scholarships to young people taking part in motivational courses.
These measures could cover as many as 71 000 young people, aged up to 29 years, registered in the employment offices. The measures envisage 3 basic groups of the unemployed – the first for those who appear on the labor market for the first time, the second for the ones registered as unemployed for a long period of time and the third group - for young people lacking qualifications and education. The head of the parliamentary Labor and Social Policy Committee, Kornelia Ninova, underscored that the funds for the measures would be allocated from the 2013 budget.
The National Assembly has adopted on second reading amendments to the Additional Oversight of Financial Conglomerates Act. The changes introduce the regulations adopted by several EU directives giving more power for oversight of insurance and bank groups including those which are part of financial holdings and such with mixed subject of business.
The financial conglomerates, subject to the oversight are obliged to provide once a year to the Bulgarian National Bank and to the Financial Control Commission information about their legal, managerial and organizational structure, including about their daughter companies and big subsidiaries.