Canary Islands Government Funding for College of Economists

Overview

The Canary Islands government has officially published a new agreement granting a direct subsidy to the College of Economists of Santa Cruz de Tenerife.

This funding, amounting to €23,388, aims to support two professional training scholarships in Business Administration, Economics, or Finance, targeted at recent graduates from the region.

Objectives and Activities

This development underscores the government’s commitment to tackling high youth unemployment by fostering practical work experience for recent graduates.

The program will involve trainees working within the Directorate General of Commerce and Consumer Affairs, engaging in activities like:

• economic indicator analysis
• macroeconomic forecasting
• regional economic research

Compensation and Administrative Details

Participants will receive:

• a gross annual stipend of €20,388
• an additional €3,000 for general expenses

The college will manage the administrative aspects and ensure legal compliance.

Obligations of Participants

Recipients of the scholarship will have strict obligations, including:

• adhering to work schedules
• maintaining confidentiality
• delivering mid-term and final reports

Transparency and Duration

The agreement emphasizes transparency, requiring the public acknowledgment of government funding in promotional materials.

The contract is set to last for one year, with provisions for potential extension.

It will be registered publicly in accordance with local transparency laws.

Summary

This initiative aims to:

• enhance economic research capacity
• improve employment prospects for young professionals in the Canary Islands.