BalVET is an innovative Erasmus+ initiative designed to foster entrepreneurship, sustainability, and workforce preparedness, strengthen education and training systems, promote cross-sectoral collaboration, and foster innovation. It addresses critical skills development needs to reverse the “brain drain” from the Western Balkans while preparing a talent pool capable of thriving in rapidly-evolving, and sometimes abruptly changing, workforce environments.
Guided by the new EU Youth Strategy (EUYS) and key EU frameworks, BalVET aims to help the region recover and adapt to labor markets reshaped by social disruptors, particularly the COVID-19 pandemic. The project recognizes that global challenges like the lingering effects of the 2008-2013 financial crisis and the upheaval caused by the pandemic have fundamentally altered workforce realities. Many of today’s jobs did not exist a decade ago, and the pace of innovation is creating new professions and roles requiring dynamic skillsets. Alternative work environments—remote work, hybrid schedules, digitized business relationships—have become the norm, demanding that workers and employers alike adapt to these "new normals." BalVET’s activities are tailored to address these challenges.