ILO Project Supports Young Entrepreneurs in Astrakhan region

Representatives of the ILO Project "Partnerships for Youth Employment in the Commonwealth of Independent States" and the Agency for Employment of Population of the Astrakhan Region completed the second round of review of business plans presented by young entrepreneurs.

News | 04 February 2022
Youth entrepreneurship is growing dynamically in the Astrakhan region of Russia. To keep up the momentum, the Agency for Employment of Population of the Astrakhan region and the ILO Moscow Office have elaborated a joint programme to promote youth entrepreneurship through an ILO Start and Improve Your Business (SIYB) approach. In 2021, the Astrakhan regional public employment service organized an SIYB training of trainers for its staff worked with young people to develop business plans for Project funding consideration.

Five sound business plans were identified for potential funding by the ILO Project. Eteri Khokhoeva, SIYB Master trainer,  Rаmiz Azizov, Head of the Astrakhan Agency for Employment of Population, Elena Melnitskaya, Head of the Sector of Employment and Special Programmes and Labour Mobility Department, heads of regional PES departments and representatives of the local businesses took part in the Review Committee . Anastassia Dubova and Anna Koroleva represented the ILO Project and acted as observers.

The first round of review took place in December 2021, and two business plans - on the pig farm and beauty salon in the rural area - were approved.

On 4 February 2022, the Committee reviewed and approved three more business plans for further funding - on sheep growing, textile manufacture, and children and teenagers' creative and intellectual development. They will be submitted for funding during the fall of 2022.

The review exercise was conducted within the project “Partnerships for Youth Employment in the Commonwealth of Independent States (CIS)”, Phase II, a public-private cooperation initiative between the ILO and a Russian company LUKOIL.