Incentive Scheme for the recruitment of unemployed people over the age 50

Opened

Programme Category

Co-Financed Programmes

Programme Name

THALIA (2021-2027) – Cohesion Policy Funds

Programme Description

THALIA: Foundations of Change, Prosperity, Equality and Development

Programme “THALIA 2021-2027” constitutes a multi-annual, multi-fund development Programme that was drawn up in accordance to the Article 22 of the Regulation (EU) 2021/1060 (Common Provisions Regulation – CPR), outlining the development strategy for the utilisation of the resources allocated to Cyprus through the Cohesion Policy Funds, for the period 2021-2027.

The total budget of the Programme amounts to €1.81 billion, of which €968 million comes from the EU Cohesion Policy Funds, while the remaining €842 million is the national contribution.

Programme Details

Call

Incentive Scheme for the recruitment of unemployed people over the age 50

Summary

The Scheme aims to encourage employers to hire unemployed persons over the age of 50, on the date of recruitment, who are registered with the Public Employment Service (PES). The Scheme is part of the active employment policies promoted by the Government and contributes to the effort to combat poverty and social exclusion, particularly with regard to the active integration of vulnerable population groups into the labor market. From 5/9/2025 until the budget is exhausted or the Plan is announced as terminated.

Detailed Call Description

More information in greek language

Call Total Budget

€4.000.000

Financing percentage by EU or other bodies / Level of Subsidy or Loan

More information in greek language.

Thematic Categories

  • Employment

Eligibility for Participation

  • Associations
  • Businesses
  • Employers
  • Legal Entities
  • Natual person / Citizen / Individual
  • Small and Medium Enterprises (SMEs)
  • Unemployed

Call Opening Date

05/09/2025

Call Closing Date

05/09/2026

National Contact Point(s)

Department of Labour – Intermediate Body Managing subsidies
Marios Evgeniou
Labour Officer A
Email: mevgeniou@dl.mlsi.gov.cy
Telephone: 22400907

Website