Business news from Ukraine

Business news from Ukraine

Ukraine will need to attract 4.5 mln workers in the next 10 years – ministry

14 July , 2023  

Ukraine will have to attract an additional 4.5 million employees to the labor market over the next ten years to make a post-war recovery, the Economy Ministry predicted on Thursday following a seminar with the International Organization for Migration (IOM) and the International Labor Organization (ILO).

“Labor market recovery is not a consequence of victory, it is a path to victory,” the ministry quoted Deputy Economy Minister Tatyana Berezhnaya as saying.

It is pointed out that even before the full-scale invasion Ukraine was facing a labor shortage, but now that more than 6 million Ukrainians have been forced to go abroad, the labor situation in the country has become even more critical.

It is noted that the IOM and ILO plan to continue to support the Ministry of Economy in paving the way for labor market recovery to achieve key priorities.

“We look forward to working closely together to help the state on its road to recovery and shape a more promising future for Ukraine and its people. Economic recovery is paramount to this process,” said IOM Representative Office Chairman Anh Nguyen at the seminar.

The event was attended by 40 participants from the Ministry of Economy, Ministry of Infrastructure, Ministry of Foreign Affairs, Ministry of Education, State Employment Service and State Migration Service, Office of the President, Ministry of Digital Transformation, Ministry of Culture and State Border Service, as well as IOM, ILO and NGOs.