Job Creation and Poverty Alleviation in Selected CEE Countries by Microcrediting

The Paper highlights the problems of the European economic crises relating youth unemployment and poverty. It draws attention to the EU Greek Presidency relation these issues. It presents the financial means calls microfinancing which partially could contribute to alleviation and poverty by creation of self-employment and development of microenterprises by providing microloans and microcredits. There is a lack of comprehensive study and exchange of practice in microfinancing in the Central-Eastern European - CEE - countries. The paper summarizes the definition of the microcrediting and presents the currents state-of-the art in the EU. Following this the Author summarizes the main microfinance institutions in selected CEE countries (CR, CZ, HU, PL, RO, SI and SK). RS is left out this study due to lack of government’s recognition of the microfinance. In the final session the Author gives professional recommendations and a directive on good conduct of microfinancing based on the outcome of the Workshop held in 2013 in Budapest, as well as summarizes recommendations for these countries to further steps.