Author: Tatyana Gracheva

Serbia’s statistics office reports almost 3 million employed

As the Republic Statistics Office (RZS) said on Friday, almost 2.9 people were employed in Serbia in the second quarter of 2024 according to a labor force survey.
A press release reported that the LFS data for the second quarter 2024 show that the number of the employed persons was 2,899,700, the number of the unemployed persons was 257,800, while the number of the population outside the labour force was 2,484,400.
According to this data, the employment numbers increased by 48,400 and the unemployment numbers decreased by 44,800. It demonstrates the growth of the employment rate (51.4%) by 1.1 percentage points (p.p. and the decrease of the unemployment rate by 1.4 p. p. and was 8.2%. A decrease of the rate of the population outside the labour force was 0.4 p.p.
According to the RZS, the total rate of informal employment was 11.8%. In the agricultural sector it attained 51.7% and in non-agricultural sectors 5.9%.
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Ruling party’s “ambitious goal” for country’s budget to exceed $18.2 bln and for average salary to attain $1,277 by 2028 is highlighted by Georgian PM

The party’s “very ambitious goals” ahead of the October 26 parliamentary elections for increasing the country’s budget to exceed ₾50 billion ($18.2 bln) and raising the average salaries to ₾3,500 ($1,277) by 2028 was announced on Monday by Irakli Kobakhidze, the head of the ruling Georgian Dream party’s election staff and the Prime Minister of Georgia.
The “significant increase” in average salaries over the past decade was highlighted by Kobakhidze in his address at the presentation of the party’s election program. He noted that in 2012, the figure stood at ₾712 ($260), while “today that number has risen to ₾2,005 ($731)”.
According to the PM, these projections were based on “reliable data”, which the country’s final budget would reflect. He was also confident in the “accuracy” of these forecasts and in the possibility of such an increase of average salaries in the country.
The PM expects the national budget to exceed ₾50 billion ($18.2 bln) by 2028, and many projects will be implemented due to this rise.
“Peace”, “economic growth” were called by PM as key factors in Georgian Dream party’s “high” rating.
The country’s financial trajectory was highlighted by Kobakhidze. He says that in 2012, the budget equaled to ₾8.5 billion ($3.0 bln) and by 2024, despite the existing challenges, it “has increased to nearly ₾28 billion ($10,2 bln), owing to the economic growth”.
Unemployment has been halved from 26.7 percent in 2012 to 13.7 percent at present.
According to Kobakhidze, 1,217,000 people had been employed in 2021 and 170,000 new jobs had been created in the last two and a half years. They promise to provide at least 200,000 additional job opportunities by 2028 at this pace.

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25 thousand people yearly have quitted Serbia forever over last decade

According to a recent study titled “The Mobility of Serbia’s Workforce,” conducted by the Institute for Development and Innovation, over 25,000 people have permanently left Serbia each year for more than a decade.
In the first seven months of this year Serbia has issued around 50,000 work permits to foreigners, mostly from China, Russia and Turkey, while Serbian citizens predominantly head to Germany and the U.S.
Institute director Nenad Jevtovic says that Serbia’s current work market situation has immeasurably improved compared to 2008, when there were nearly one million unemployed in the country. Now this number is 296,000, and many of these people are temporarily unemployed, i.e. between jobs.
Jevtovic stated that global economic trends and the fact that Serbia “has been war-free for 25 years” have led to these statistics. She also added that, therefore, “one has to be seriously untalented for economic policy to not achieve improvement.”

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Migrants from Kazakhstan will get a paved way for labor in South Korea

The Ministry of Labor and Social Protection of Kazakhstan reports that South Korea wants to let Kazakhstanis legally work in the country by including Kazakhstan in its Employment Permit System (EPS).
According to the agency’s statement, the intention of representatives of the Ministry of Employment and Labor of the Republic of Korea to include Kazakhstan in the EPS was confirmed following the negotiations. It will let Kazakhstanis work legally in South Korea under the signed employment contracts.
Kazakhstan’s Vice Minister of Labor and Social Protection Askarbek Yertayev reported that a number of comprehensive measures to enhance the legal framework to protect labor and social rights of migrants is being taken, such as establishing a multifunctional center for professional and language training in Almaty for those who want to work in South Korea.
Measures aimed at combating illegal migration and fostering favorable conditions for the expansion of legal labor activities are being taken by his agency in collaboration with the Ministry of Internal Affairs (MFA) of Kazakhstan.
Seoul’s willingness to develop close cooperation with Kazakhstan was announced last year by Park Jin, former minister of foreign affairs of South Korea.
Nevertheless, as Aibek Smadiyarov, the official spokesperson for Kazakhstan’s MFA, emphasized, Kazakhstani citizens can legally work in Korea only after receiving special approvals and labor visas arranged by their employers.
The mutual visa-free travel agreement allowing citizens of both states to stay in the other country for 30 days was resumed by Kazakhstan and South Korea in April 2022.
They also resumed direct air travel between Kazakhstan and South Korea (Astana-Seoul) this summer.

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