In 2024, Spain’s labor market was dynamic, but it still faced the high unemployment rate that has characterized this country in recent decades. The unemployment rate was 12.3%, slightly lower than the 13.1% (2023 data). However, the country continues to struggle with regional disparities in employment and a shortage of skilled workers in certain sectors.
Spain is one of the most attractive EU countries for labor migrants due to its climate, quality of life, and economic opportunities. In 2024, the number of foreign workers exceeded 2.7 million, accounting for almost 15% of the country’s total labor force.
Here are the key indicators of the Spanish labor market at the end of 2024.
The role of migrants in the Spanishlabor market
Foreign workers play an important role in the Spanish economy, especially in sectors where there is a shortage of local labor. According to the Spanish Ministry of Labor, in 2024, the share of migrants accounted for more than 14% of the total number of employees, this percentage continues to grow and the contribution of migrants covers a wide range of sectors.
Main groups of migrants:
Latin Americans and North Africans: More often work in low-skilled or seasonal jobs. EU and Ukrainian citizens: hold both skilled and unskilled positions. Asia: focused on highly skilled professions and owning small businesses.
In 2025, experts predict an increase in migration from Latin America and possibly from Ukraine due to simplified employment rules. In addition, employment in sectors related to green energy, IT, and tourism will continue to grow. Additional incentives to attract highly qualified specialists will attract engineers and doctors to Spain.
In 2024, the Spanish labor market continues to recover, but faces challenges in the form of high unemployment and staff shortages in key sectors. Migrants play an important role in supporting the country’s economy, especially in such sectors as agriculture, construction and services.
Spain remains an attractive destination for foreign workers, and their importance to the economy will only increase in the coming years.
Source: http://relocation.com.ua/analiz-rynku-pratsi-ispanii-u-2024-rotsi-vid-relocation/
Impact of electricity deficit on real GDP vs no deficit, % (forecast up to 2024)
JSCB Lviv and Aqua Agro LLC (Vinnytsia) have announced the launch of a partnership program aimed at improving conditions for farmers when buying seeds, plant protection products and fertilizers, the bank’s press service reports.
According to the report, farmers can purchase products of Aqua Agro LLC by borrowing funds from Lviv JSCB at a rate of 0.01% per annum in UAH for a period of 3 months. The program’s advantages include no collateral, no issuance fee and no insurance for loans of up to UAH 5 million; a simplified process of assessing the financial condition of an agricultural enterprise and personal support from a bank manager.
Aqua Agro LLC was registered in 2021 in Vinnytsia. It is a distributor of plant protection products, seeds and fertilizers, including biological ones.
JSCB Lviv was established in 1990. In 2007, it became a fully foreign-owned bank. In January 2019, 51% of the bank’s shares were bought by the Swiss responsAbility Fund, and in 2022, the Nordic Environmental Finance Corporation Nefco bought 13.94% of the bank’s shares. According to the bank’s website, it serves more than 30 thousand customers a year and ranks fifth in terms of the number of branches in Western Ukraine.
The “Operator of the gas transport system of Ukraine” announced a tender for compulsory civil liability insurance of owners of motor vehicles (OSAGO) on January 10, according to the electronic state procurement system Prozorro.
The expected cost is UAH 9.503 million. The deadline for submission of documents is January 21.
Keir Starmer will travel to Ukraine in the coming weeks to discuss the possibility of deploying an international peacekeeping force there after the conflict with Russia has ended, his first visit to the war-torn nation since becoming UK prime minister half a year ago.
Ukrainian President Volodymyr Zelenskiy announced the plan following a meeting with allies at the Ramstein Air Base in Germany, without saying when Starmer would visit. The UK premier is planning to go to Kyiv in the coming weeks as Europe ramps up preparation for US President-elect Donald Trump’s return to the White House, a person familiar with the matter said. Starmer’s office declined to comment.
“This initiative was started by Emmanuel Macron. The British look at it positively, but I will talk in detail with the prime minister about it at our meeting, it will take place,” Zelenskiy told reporters late Thursday. “He will be visiting Ukraine, he will have a visit to Ukraine, and we will talk.”
Macron, Tusk to Discuss Post-Ceasefire Ukraine Troop Plan
European leaders have in recent weeks discussed the possibility of sending troops for a peacekeeping mission to Ukraine once a cease-fire is reached, ahead of Trump’s inauguration later this month. He’s promised to deliver a swift resolution to the conflict via a negotiated settlement.
Zelenskiy’s remarks Thursday evening came as Macron and Starmer met for dinner at the UK premier’s Chequers countryside retreat. The two men “reiterated their unwavering support” for Ukraine and discussed the importance of ensuring the country is “in the strongest possible position in 2025,” according to a readout from Starmer’s office.
The pair also discussed the potential for a joint peacekeeping force in Ukraine, according to a person familiar with the matter. Such a proposal would depend on a negotiated peace deal between Ukraine and Russia, which President Vladimir Putin has so far shown no willingness to discuss.
A possible peacekeeping mission would come at a later stage of negotiation, once a cease-fire is achieved, to avoid any risk of escalation, Bloomberg previously reported.
In 2024, Ukrainian enterprises maintained imports of copper and copper products in value terms at the level of the previous year – up to $140.797 million. Copper exports increased by 22.4% to $88.237 million. In December, the country imported copper worth $13.487 million and exported it worth $7.128 million.
Copper is widely used in electrical engineering, pipe manufacturing, alloys, medicine and other industries.
