Business news from Ukraine

Business news from Ukraine

32 mln jobs in EU depend on external demand

In 2024, nearly 31.6 million jobs in European Union countries were supported by final demand for European goods and services from non-EU countries, Eurostat reported on July 20, 2026.

This figure represents 14.4% of total employment in the European Union. In 2010, external demand supported 22.6 million jobs, or 11.5% of employment. Thus, over the course of 14 years, the number of jobs linked to foreign consumers increased by approximately 9 million.

Gross value added generated in the EU as a result of final consumption and investment outside its borders rose from EUR1.3 trillion in 2010 to EUR2.788 trillion in 2024. Its share of the EU economy’s total value added rose from 13.3% to 17.2%.

The United States remains the largest external market for the European economy. U.S. demand supported approximately 6 million jobs in the EU, or 19.1% of all employment linked to final demand outside the bloc. The United States also accounted for EUR585.8 billion in value added—21% of the total.

The United Kingdom generated demand that supported 3.4 million jobs in the European Union, or 10.6% of the corresponding employment. China ranked third with 3.1 million jobs and a 9.8% share. However, in terms of value added generated, China, at EUR289.8 billion, outpaced the United Kingdom, which stood at EUR276 billion.

Swiss demand supported approximately 1.5 million jobs in the EU and generated EUR126.6 billion in value added.

Eurostat’s calculations are based on the FIGARO cross-country tables and take into account not only employees of companies that directly export products but also employment across the entire production chain—including suppliers of raw materials, components, and services. External final demand refers to goods and services purchased outside the EU for consumption or investment.

Eurostat also provides a broader measure of the impact of exports, which includes intermediate goods and services: in 2024, exports to countries outside the EU supported 32.9 million jobs, or 15% of total employment, and generated EUR2.905 trillion in value added.

The growing dependence of European employment on external markets highlights the importance of the EU’s trade relations with the United States, the United Kingdom, and China. Potential tariffs, trade restrictions, or a decline in demand in these countries could affect not only European exporters but also companies operating within their associated supply chains.

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“Experience Matters” program has helped 841 Ukrainians aged 50 and older find employment

Employers offered jobs to 1,554 Ukrainians aged 50 and older as part of the government’s “Experience Matters” program; as of June 22, 2026, 841 participants had successfully found employment, and another 713 are currently undergoing internships.

According to a statement on the website of the Ministry of Economy, Environment, and Agriculture of Ukraine, more than 2,300 candidates have joined the initiative overall, while employers have posted nearly 2,600 job openings.

Kyiv, as well as the Lviv, Kharkiv, Mykolaiv, and Zaporizhzhia regions, have shown the highest activity in terms of the number of candidates. The regions with the highest number of job openings are Kyiv, Lviv, Kharkiv, Zaporizhzhia, and Rivne. The greatest demand is for salespeople of food and non-food items, accountants, drivers, unskilled laborers, cooks, office cleaners, security guards, seamstresses, janitors, and administrators.

The ministry notes that, given the labor shortage, workers aged 50 and older are an important group for the labor market; however, some of them face age-based stereotypes, the need to update their skills, or difficulties after a long break from work. To overcome these barriers, the program combines career counseling, assistance from the employment service, internships, and direct contact with employers.

Training, which began in the second half of June, is a separate component of the program. Specifically, the course on collaboration in intergenerational teams attracted 1,350 registrations, the course on digital tools and artificial intelligence (AI) received 1,100 applications, and the course on career strategy drew 883 applications.

The ministry added that the Ministry of Economy, the State Employment Service (SES), the Astarta agro-industrial holding, the Zhiznelub Charitable Foundation, the Federation of Employers of Ukraine (FEU), as well as the multi-donor initiative Skills4Recovery, Skills Alliance, and other partners are involved in implementing and funding the program.

As previously reported, the Ministry of Economy, Environment, and Agriculture, together with its partners, launched the “Experience Matters” internship project for adults on May 11, 2026. The initiative is being implemented as part of the National Accessibility Strategy for 2026 and aims to address the labor shortage that, according to the EBA, affects 75% of companies in Ukraine. The project model is based on three components: a training program to update resumes and prepare for job interviews; face-to-face meetings with business representatives to discuss collaboration opportunities; and a hands-on internship lasting up to 10 days to assess mutual compatibility before making a hiring decision.

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Germany’s industrial sector continues to shed jobs at  accelerated rate

Germany is losing industrial jobs at an accelerated rate – and this is no longer a localized slump, but a steady trend. According to a fresh study by EY, the industry cut employment by 2.1% over the year, with the auto industry losing about 51,500 jobs (-6.7% year-on-year). Weak demand, expensive energy, competition from Asia, US duties and the expensive transition to electric vehicles are squeezing margins and forcing concerns to optimize staffing levels. In Q2 2025, industry revenue fell 2.1% YoY to €533bn, continuing a series of quarterly declines.

Structurally, the auto sector was the hardest hit, but contractions are also evident in mechanical engineering and metals, while chemicals and pharma are showing relative stability, as evidenced by both public excerpts from the EY barometer and industry commentary in the German business press. In aggregate, German industry has shed around a quarter of a million jobs since 2019, reflecting the cumulative effect of several consecutive shocks.

Operational metrics point to a sluggish cycle, with new orders in manufacturing falling in June and annualized turnover declining; this combination usually signifies weakness over the horizon of the coming quarters, even if individual months produce technical bounces in production. At the macro level, this is combined with a fall in GDP in Q2 and a downward revision of the dynamics of the beginning of the year.

The political backdrop has become tougher, with Chancellor Friedrich Merz openly stating that the current welfare state model is “unfundable” without reforms, signaling a possible shift in budget priorities in favor of incentives for employment and industrial competitiveness. For business, this means less room for “inertia” subsidies and more pressure on productivity, R&D and export adaptation.

What this means for companies and the labor market. Automakers and their supply chain will likely face a second wave of restructuring to accommodate the EV economy and US tariff geopolitics; engineering will continue to lose low-margin positions to Asian competitors, and growth will shift to high-engineering value-added niches. For chemicals and pharma, the window of resilience is preserved through contractual models and pricing power, but energy-intensive segments remain vulnerable to spot gas and electricity disruptions. The labor market will be “two-speed”: release on the assembly line and in basic metalworking in parallel with a shortage of specialists in automation, electronics, software, battery technologies and chemical technologies – this is already evident in the structure of vacancies and industry surveys.

Conclusion. The job cuts are not the “end of industry” but a painful realignment: Germany is losing mass jobs where it is losing out on costs and is trying to retain and grow employment in capital- and knowledge-intensive segments. The key to a turnaround is cheaper energy, faster permitting procedures, prioritization of industrial investments and retraining for the electric and digital agenda. In the meantime, order and turnover statistics signal that the bottom of the cycle has not yet been passed.

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52% of employers believe that psychological problems hinder employment of veterans with disabilities

52% of employers believe that psychological problems and behavioral peculiarities hinder the employment of veterans with disabilities, according to the research of the charitable foundation “You are with us”.

In particular, when asked what peculiarities of veterans with disabilities hinder their employment, 24% of employers answered that there are no peculiarities, 52% noted psychological problems and behavioral peculiarities, 19% – alcoholism and drug use, and 5% believe that veterans with disabilities should receive assistance from the state so that there is no need to work.

Also, when asked what incentives the employer needs from the state to employ a veteran with a disability, respondents most often named: compensation for the cost of equipping workplaces for the needs of an employee with a disability; benefits for the payment of unified social tax; and subsidies for each such employed employee.

The survey was conducted in April-July 2023. In the course of the research 468 managers and owners of small, medium and large enterprises in all regions of the country and different sectors of the economy were interviewed. Surveys were conducted under conditions of anonymity by telephone questionnaire. It is noted that 18% of surveyed enterprises have more than 100 employees, 28% – up to 100 employees and 54% – up to 20 employees.

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Only 16% of people with disabilities are officially employed in Ukraine – Minister

Only 16% of persons with disabilities are officially employed in Ukraine, Social Policy Minister Oksana Zholnovych has said.
“The existing system of employment of persons with disabilities, based on the quota principle and the system of penalties, is ineffective. As a result, only 16% of persons with disabilities are officially employed in Ukraine, while in Europe this figure reaches more than 55%”, – the press service of the ministry said with reference to Zholnovych.
According to her, the draft law No. 5344 developed by the Ministry of Social Policy, which is already being considered in the Verkhovna Rada, is intended to create new opportunities for employment of persons with disabilities.
“First of all, the bill No. 5344 is intended to increase inclusion in society, to make the conditions equal for everyone. Because today the situation is that – mainly in private business – there is a quota for the employment of people with disabilities. And if it is not met, the private sector pays a so-called “administrative economic sanction” once a year. And there are already many cases of bypassing and non-payment, employers are afraid to hire people with disabilities because they do not know how to do it, there is no systematic support and assistance to adapt such a person in the team,” said the minister.
According to her, abolishing such practices, the bill proposes three options for employers: pay an unconditional earmarked contribution to support the employment of people with disabilities; hire people with disabilities themselves and get support; buy the product from social enterprises that have already employed 50 percent or more of people with disabilities.
“Thus, the emphasis is on ensuring decent working conditions for people with disabilities, accumulating a resource and expanding support for social enterprises,” the report says.
Another problem that the bill solves, Zholnovich said, is the impossibility of state support for entrepreneurs who hire people with disabilities but whose founders are not public organizations.
“Today under the law, support from the state is only possible if the founder is a public organization. So we remove this restriction and say: any employer who hires 50 or more people with disabilities can count on support and benefits. Socially oriented business will create new, socially protected jobs,” the Minister stressed.

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EMPLOYMENT OF PEOPLE WITH DISABILITIES IN UKRAINE CAN BE BASED ON 2 MODELS

Employment of people with disabilities in Ukraine can be based on two models, advisor and presidential envoy on disability issues Tetiana Lomakina said in an exclusive interview with Interfax-Ukraine.
According to her, currently 2 million 2,700 people with disabilities live in Ukraine, of which only 26% are employed.
She also noted that if all employers actually fulfill the 4% quota for hiring people with disabilities provided by law, they will all be employed, but theory and practice are different.
“We talked with companies, with entrepreneurs and found two models. The first is social entrepreneurs – those who, when creating a business, put and continue putting the ideals of society higher than earnings at its foundation. You probably know such examples. For example, Kyiv’s bakery Good Bread from Good People or restaurant in Kharkiv Snow on the Head, where people with mental disabilities work. That is, people initially wanted to do good and after that they formalized it into social entrepreneurship,” Lomakina said.
The second model, as the adviser- presidential envoy on issues of disability said, is the use of international business practices by Ukrainian campaigns.
“The most important thing in such campaigns: the principles of policy, corporate standards, daily routine, the rules are the same for all employees, regardless of whether they have physical or mental disabilities. And if these rules are not respected, the same approaches are applied to all … Such a policy of equality stipulates that a person with a disability may have more needs and the company is ready to meet them, but there are rules, indicators are indicators, the result is a result. And it is in such a situation that all these fears that Ukrainian entrepreneurs talk about (about the difficulties of changing the approach to a worker with a disability, if he does something wrong or he has insufficient qualifications), are simply leveled out by the correct setting of the process of organizing work,” she said.
In addition, according to Lomakina, international campaigns pay great attention to staff training and exploring the capabilities of their employees.
“Their corporate training programs are aimed at closing weaknesses and developing strengths. I am sure that all this is possible in Ukrainian conditions, if we put a person and his qualifications in the center of attention,” she added.
According to her, practice shows that it is this approach that makes it possible to fulfill not even a 4%, but a 6% quota for the employment of people with disabilities.

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