Polish economy to benefit from Ukrainian migrant workers

Ukraine economy: Polish economy to benefit from Ukrainian migrant workers

In order to meet the #labor #shortage in the #Polish #economy due to #workforce #aging and #emigration of youth to #Western #Europe, Poland is seeking immigrants from Ukraine. The study of the Polish National Bank has shown that #Ukrainian migrant workers have a positive influence not only on the labor market, but also on the social security system.

Visit our website if you are interested in the #Ukrainian_economy or #doing_business in Ukraine.

Poland needs immigrants from Ukraine to meet the labor shortage, says Adam Glapinski, President of the National Bank of Poland. For years, the country has been suffering of workforce aging and emigration of young professionals to Western European countries.

The Polish labor market reveals increasing labor shortages due to the current structure of workforce supply. The problem is currently not that big, but the situation may worsen in a few years, despite the baby boom in recent years.

Among other things, the Polish National Bank dealt with the influx of immigrants from Ukraine to analyze their influence on the Polish economy. The results have shown that Ukrainian migrant workers have a positive influence not only on the labor market, but also on the social security system, as they pay contributions on their own.

In recent years, Poland has experienced a particularly strong shortage of skilled workers. According to the Polish National Bank, in December 2017, the unemployment rate in Poland was 6.6 percent. In the country with 38 million population (not including immigrants), there were only 16 million employees subject to social insurance contributions. Negative trends such as aging of the population and the labor migration of young Poles to the rich countries of Western Europe have become a problem for the Polish labor market.

The wave of cheap labor from Ukraine and Belarus have in part compensated for the labor shortage in Poland. In April 2017, the number of Ukrainian immigrants in Poland reached 1.2 million. Already at that time, the head of the Ukrainian Analytical Center Oleksandr Okhrimenko, claimed that by the year 2018, that number would rise up to two million.

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