Business news from Ukraine

Business news from Ukraine

Spain to legalize up to 300,000 migrants annually to revive economy

20 November , 2024  

Spanish authorities intend to regularize up to 300,000 migrants a year to make up for the country’s labor shortage due to an aging population, Spanish Social Security and Migration Minister Elma Sais said Tuesday.

“Spain has a choice between an open prosperous country or a closed poor country. We have chosen the second,” Western media quoted her as saying.

According to her, the policy involving migrants will last three years. She specified that Spain needs 250 – 300 thousand foreign workers a year, able to pay taxes, in order to preserve the welfare state.

The new measures of the authorities provides for simplification of procedures for issuing immigrants residence and work permits, which will contribute to the receipt of foreign workers guaranteed labor rights. In addition, newcomers seeking work will be able to extend their visa from three to 12 months. Foreigners with study visas will be allowed to work up to 30 hours per week.

The media notes that the economy of Spain – a country with a population of 48.9 million – is the fastest growing in the EU. This trend is also facilitated by the influx of skilled migrants from Latin American countries. Fitch Ratings Inc. estimates that more migrants will enter Spain in 2022 than in the entire previous decade at one time.

However, October opinion polls conducted by Spanish media showed that 57% of respondents believe the current level of migration into the country is too high. 54% believe that the real number of immigrants is higher than the authorities declare.

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