Category: NEWS
Ukraine, Norway extend transport visa-free system until Sept 30
Ukraine and Norway have agreed to allow Ukrainian road carriers to operate without permits until September 30, 2024, Ukrainian media said, citing the Restoration Ministry’s press service. A respective commission will meet in August 2024 to discuss an extension of the transport visa-free system with Norway for a longer period, Deputy Restoration Minister Sergei Derkach […]
Read moreOpen Balkan Charter, the government issues the document for employment without a residence permit in Serbia and North Macedonia
This is the document approved by the government of Albania, North Macedonia and Serbia that gives free access to the labor market of 12 million inhabitants to any interested individual. According to the protocol approved by the government and published in the official notebook, citizens will be able to apply through a special electronic platform […]
Read moreA Million New Jobs on the Horizon in Kazakhstan
At a meeting on sustainable employment on June 25, Kazakhstan’s Prime Minister Olzhas Bektenov tasked his government to create employment for around a million citizens this year. Referencing the initiative, Minister of Labor and Social Protection of the Population Svetlana Zhakupova reported that in 2024, the government plans to ensure employment for 948 thousand Kazakhstan […]
Read moreTbilisi and Yerevan intend to deepen strategic cooperation – Georgian FM
Georgia and Armenia strongly support and respect each other’s sovereignty and territorial integrity and continue to deepen their strategic cooperation in all areas, Georgian Foreign Minister Ilia Darchiashvili said at a press briefing with his Armenian counterpart Ararat Mirzoyan on Wednesday. “I once again thanked my counterpart today for Armenia’s historical support of the UN […]
Read moreEconomic gains are unlocked by Kazakhstan’s working-age population growth
Nearly all societal support systems are impacted by the evolution of Kazakhstan’s demographic landscape: the labor and consumer markets, the education, healthcare and pension systems.
The first change over the past decade is the decrease of the proportion of working-age citizens within the population from 64% in 2011 to 57.7% in 2023. Also, the rise of the share of children from 26.1% to 31.2% and the increase of the share of the older generation from 9.9% to 11.4% have been recorded.
Nevertheless, the share of the working-age population has been declining slower in recent years due to a high birth rate the 2000s.
The second change is the decline of the share of women in the population structure (51.8% of women and 48.2% of men in 2011). A decrease by 0.6% was shown by the share of women by early 2023 due to the increasing number of citizens below working age with a higher rate of the male population (48.6% women and 51.4% men as of early 2023).
The third change is an aging population that the northeast and central regions of the country are facing due to low natural population growth and negative net migration. North Kazakhstan (18.6% at the beginning of 2023), East Kazakhstan (19.3%) and Kostanai (16.8%) have the highest proportions of elderly residents. On the contrary, the youngest populations can be found in the Turkistan and Mangystau regions.
It shows that the country’s current demographic situation is quite favorable and provides substantial internal resources for the labor market and the overall economy.
An economic advantage that a country can gain due to shifts in the age structure of its population is referred to by the concept of a “demographic dividend” or “demographic bonus”.
Notable examples of effectively leveraging the demographic dividend are offered by Southeast Asia in global practice. According to experts’ estimation, the “economic miracle” experienced by the East Asian Tigers, accounting for between one-quarter and two-fifths of their economic growth during the 1980s and 1990s, was significantly contributed to by this demographic advantage.
The United Nations Population Fund (UNFPA) reports the soaring of the Republic of Korea’s gross domestic product (GDP) per capita by 2,200% from 1950 to 2008. Nevertheless, as the example of Brazil shows, favorable demographic trends do not always lead to GDP growth. Consequently, capitalizing on emerging development opportunities for addressing demographic challenges should be one of the main tasks of socio-economic policy.
This article was written by Anna Alshanskaya, the head of Department of Economic Policy and Analysis at the Kazakhstan Institute for Strategic Studies under the President of Kazakhstan (KazISS).
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Read moreUkrainians set up some 8,000 SMEs, 50,000 register as individual entrepreneurs in Poland since Feb 2022
Ukrainian citizens have opened around 8,000 small and medium-sized enterprises (SMEs) and over 50,000 Ukrainians have registered as individual entrepreneurs in Poland since the end of February 2022, Ukrainian media cited Polish-Ukrainian Chamber of Commerce First Vice President Dariusz Szymczycha as saying in a statement at the 3th Forum for the Reconstruction of Ukraine in […]
Read moreAverage salary in Serbia in April at RSD 96,614, median RSD 73,928
Average gross salaries and wages calculated for April 2024 amounted to RSD 133,356, while average net salaries and wages amounted to RSD 96,614, announced the Statistical Office of the Republic of Serbia. Median net salaries and wages for April 2024 amounted to RSD 73,928, meaning that 50% of employees realized wages and salaries up to […]
Read moreKazakhstan’s Growing Working-Age Population Unlocks Economic Gains
The demographic landscape of Kazakhstan is evolving, impacting nearly all societal support systems. These changes affect the labor and consumer markets, as well as the education, healthcare, and pension systems, among others. Growth of the working-age population One of the fundamental trends is the transformation of the gender and age structure, characterized by several features. […]
Read moreGeorgia’s top 10 export partners in 2024
According to the Sakstat official data, Kyrgyzstan is at the top of Georgia’s ten export countries to which exports worth $360.2 million were carried out in January-May. Kazakhstan is the second with $274.8 million, the third is Russia with $273.1 mln. The list of the top 10 largest export partner countries is as follows: • […]
Read moreSerbia and RMV, a joint labor market in Albania and “visa-free” workers in Open Balkans
The Open Balkans Agreement for a common labor market allows Albanian citizens to work in Serbia and North Macedonia.
According to this agreement between Albania, Serbia and North Macedonia, citizens can go to work without obstacles and paper bureaucracy in any of the two countries they are not residents of.
They launched the initiative to keep employees in the region at one of the Open Balkans summits in December 2021, and the governments of the three countries are already finalizing it to allow citizens to work and live freely in each of the states.
The agreement states that a personal identification number is necessary for citizens of Albania, North Macedonia and Serbia, who want to be employed in one of the members of the Open Balkans or have already found an employer. It is possible to register electronically, initially with a form on the e-Government platform, and with an identification document to get this number.
A request for free access to the labor market can be submitted by the interested part on the e-government portal of a given country.
The population of the three countries together is currently estimated at about 11 million inhabitants, and Serbia has 30,000 vacancies for doctors, nurses, craftsmen and technicians. Albanian private service companies also have many empty places, while seasonal employees are mainly accepted in North Macedonia so far. Perhaps, the new approach will make it announce its offers as well.
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