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Category: NEWS

17.05.2024

By: Tatyana Gracheva

Unemployment growing in Ukraine – National Bank

The number of unemployed Ukrainians grew 7.9% to 118,500 in March, mostly due to the increase in the number of unemployed women for the fourth consecutive month, including by 7,600 to 91.900 last month. Unemployment has also grown among persons younger than 35. It grew by 2,300 to 27,100, Ukrainian media said, citing information from […]

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17.05.2024

By: Tatyana Gracheva

Germany doubles work visas for Balkan citizens: Opportunities and salaries soar

Germany’s decision to double the number of work visas for citizens of Serbia, Bosnia and Herzegovina, Montenegro, North Macedonia, and Albania, starting June 1, will significantly ease their stay in the country. These citizens will enjoy a privileged position in the German labor market, which is facing a shortage of workers across various skill levels, […]

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17.05.2024

By: Tatyana Gracheva

Kazakhstan intensifies scrutiny of labor migrants from Tajikistan

More than 10,000 of Tajik citizens were working in Kazakhstan in July 2022; illustrative photo / Eurasianet / gov.kz. Eurasianet reports that Kazakhstan is intensifying scrutiny of labor migrants from neighboring Central Asian nations, Tajiks in particular, in the aftermath of the late-March Krasnogorsk terrorist tragedy. Tajik guest workers are reportedly complaining that they are […]

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17.05.2024

By: Tatyana Gracheva

INDICATORS OF THE LABOUR FORCE

In 2023 the unemployment rate in Georgia decreased by 0.9 percentage points compared to 2022 and amounted to 16.4 percent. In 2023 labour force participation rate (share of the labour force in the total population aged 15 and older) increased by 1.4 percentage points compared to the previous year and became 53.3 percent, while the […]

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10.05.2024

By: Tatyana Gracheva

IMF includes Georgia in the list of 10 countries with highest unemployment decrease over 12 years

The World Economic Review of the International Monetary Fund has ranked Georgia ninth among the top 10 countries in the world with the highest percentage decrease in unemployment over the last 12 years.
The decrease of unemployment in Georgia is estimated by the IMF by 11 percentage points and equals to 15.7 percent by 2024, compared to the levels in 2012.
The IMF reports that the unemployment rate in the country was the highest in 2010, 2011 and 2012 at the level of about 27 percent.
As the IMF said, Georgia reached the highest percentage point of unemployment increase in the world in the period up to 2012. Unemployment increased in that 12-year period by more than16 percentage points.

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10.05.2024

By: Tatyana Gracheva

Employers get more benefit from minimum wage than employees

Not only workers and their rights but also bind employers are protected by laws in Serbia. Nevertheless, protective work gear and properly secured workplaces are not available for many of these workers today. 42 workers died at work last year. This year six workers died and four people got serious injuries with a fatal outcome from January to March.
Ljubisav Orbović, president of the Association of Independent Trade Unions of Serbia, finds these figures unacceptable. He also adds that the unions asked the state to increase relevant inspection supervision.
Orbović points out that the authorities complained about the lack of inspectors to carry out such frequent inspections. The most problematic sector is the construction.
According to him, redundancies are not that frequent in Serbia due to the workforce deficit.
Serbia has nothing against foreign employers coming to the country because Serbian workers also go abroad as they pay higher wages. But the fact that foreign companies come and lower the price of the work is not acceptable. Such workers find themselves into the background in the labour market and often work without documents, unfortunately.
Concerning negotiating the adjustment of the minimum wage twice a year, Orbović says that there will certainly be negotiations this year as well, but that “they are not a decisive factor for determining the minimum labour price”.
He also adds that adjusting the minimum wage twice a year is a matter of inflation. Adjusting the minimum wage once a year is sufficient, in case if the inflation is within normal limits.
According to Orbović, employers get the opportunity to plan their businesses with the view of having cheap labour at their disposal due to the minimum wage. He adds that the minimum wage corresponds to the minimum consumer basket in Europe, but here that is not the case.

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10.05.2024

By: Tatyana Gracheva

How Ukrainian farmers are using the cover of war to escape taxes

“Black grain” infuriates exporters playing by the rules On the lookout for “ordnance”photograph: getty images Since russia began its invasion in 2022, Ukraine’s economy has shrunk by a quarter. But the ravages of war are not the only reason for the government’s reduced tax take. Businesses are also making use of the chaos to dodge […]

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10.05.2024

By: Tatyana Gracheva

Minimum wage serves more employers than employees

Laws in Serbia protect workers and their rights but also bind employers. However, many of these workers today do not have protective work gear, nor are their workplaces properly secured. Last year, 42 workers died at work. From January to March this year, there were six deaths, along with four serious injuries, with a fatal […]

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10.05.2024

By: Tatyana Gracheva

Kazakhstan and Vietnam launch visa-free regime

Photo credit: Vo Thuy Tien/Pexels The agreement between the Governments of Kazakhstan and Vietnam on exemption of visa requirements for the holders of national passports signed on August 21, 2023, in Hanoi will enter into force on May 25, Kazinform News Agency quotes official representative of the Kazakh Foreign Ministry Aibek Smadiyar as saying. The […]

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10.05.2024

By: Tatyana Gracheva

Georgia in IMF top 10 with highest unemployment decrease over 12 years

Georgia has been ranked ninth among the top 10 countries in the world with the highest percentage decrease in unemployment over the last 12 years in the World Economic Review by the International Monetary Fund. Photo: Nino Alavidze/Agenda.ge \ Georgia has been ranked ninth among the top 10 countries in the world with the highest […]

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