Business news from Ukraine

Business news from Ukraine

Analysis of Spanish labor market in 2024 by Relocation

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.

  1. Total number of employed population:
    • About 20.5 million people are employed in various industries.
  2. Regional differences:
    • The lowest unemployment rate is in regions focused on tourism and industry:
      • Catalonia – 9.1%;
      • Madrid – 8.5%;
      • Basque Country – 7.2%.
    • High unemployment in the southern regions:
      • Andalusia – 17.5%;
      • Canary Islands – 18.3%.
  3. The average level of wages:
    • The average salary in Spain is 2,090 euros before taxes.
    • Salaries vary depending on the industry:
      • IT and technology – up to 3,500 euros;
      • Financial sector – about 3,000 euros;
      • Construction and agriculture – 1,500-2,000 euros.
  4. Professions in demand:
    • IT specialists (developers, data engineers);
    • Medical personnel (doctors, nurses, pharmacists);
    • Employees of tourism and hospitality industry;
    • Workers in the construction and agricultural sectors.

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:

  1. Citizens of Latin American countries:
    • Number: over 1.2 million people.
    • Areas of employment: construction, agriculture, services (restaurants, hotels).
    • Special features: due to language similarities, Latin Americans easily integrate into the labor market.
  2. Citizens of EU countries:
    • About 800,000 people (including Romanians, Italians, Portuguese, and Poles).
    • Areas of employment: IT, finance, tourism, medicine.
    • Special features: EU citizens have the right to work in Spain without additional permits.
  3. Migrants from North Africa:
    • Number: about 450,000 people (including Morocco, Algeria).
    • Areas of employment: agriculture, construction, retail trade.
    • Features: often work in low-skilled positions.
  4. Citizens of Ukraine:
    • Official number: over 100,000 people.
    • Areas of employment: agriculture, construction, services.
    • Special features: Since 2022, after the outbreak of the war, Spain has simplified labor migration rules for Ukrainians by providing temporary work permits.
  5. Migrants from Asia:
    • Number: about 150,000 people (including Chinese and Indian citizens).
    • Areas of employment: retail trade, IT, restaurant business.

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/

SPANISH AND DANISH PRIME MINISTERS ARRIVE IN UKRAINE

Spanish Prime Minister Pedro Sanchez and Danish Prime Minister Matte Frederiksen arrived in Kyiv on Thursday.
“Just arrived to Kyiv. Ukraine has the support, solidarity and commitment of Spain,” Sanchez said on Twitter Thursday.
In turn, the Twitter service of the Danish Prime Minister reported that Frederiksen has already met with Ukrainian President Volodymyr Zelensky in Kyiv.
“PM Frederiksen arrived in Kyiv to meet with President of Ukraine Zelensky to deliver concrete support to Ukraine,” the message reads.
At the same time, the press release notes that a meeting with Zelensky is scheduled with the heads of the governments of both countries.

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SPANISH PRIME MINISTER PEDRO SANCHEZ TO VISIT UKRAINE

Deputy Foreign Minister of Ukraine Vasyl Bodnar discussed with Ambassador of Spain to Ukraine Silvia Cortes Martin the preparation of the visit to Ukraine of Prime Minister of Spain Pedro Sanchez and the holding of a large-scale business forum.
“Meeting with Spanish Ambassador to Ukraine Mrs. Silvia Cortes Martin. We focused on preparing Pedro Sanchez’ visit to Ukraine and holding a large-scale business forum. We have agreed to take measures to develop the legal framework,” Bodnar wrote on Twitter on Wednesday.
He also thanked the ambassador for Spain’s support for Ukraine’s European integration path.

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UKRAINIAN MANUFACTURER OF PET FOOD ENTERS ITALIAN AND SPANISH MARKETS

Kormotech LLC (Lviv region), a large Ukrainian manufacturer of cat and dog food, has launched first shipments of its products to Spain and Italy. The company said in its press release on Friday that by the end of the year it plans to export 1.5 tonnes of premium and super premium pet food to each of these countries.
“The first shipment to Italy was made on Wednesday, June 3. Dry and wet super premium food for cats and dogs under the brand Optimeal will be sold in the online shop Healthy Pet Italy. The company will sell its products in Spain under two Ukrainians brands: Optimeal and Club 4 Paws,” Kormotech said.
Kormotech LLC is the leading Ukrainian producer of feed for cats and dogs. The company exports products to 31 countries, including the United States, Great Britain, Germany, France, Finland, Sweden, the Netherlands, Spain, Italy, Poland, Turkey, Iran and Chile.
The ultimate beneficiaries of Kormotech are Olena and Rostyslav Vovk.

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