The World Bank concludes that the level of unemployment in Ukraine will grow. Such statement was done judging by the results of Ukrainian labor market.
Jan Rutkovsky the leading economist of the World Bank thinks that despite the low level of unemployment in Ukraine, the labor market is depressed that is why to find proper job is very difficult. He explains it by small number of private enterprises.
“Uncertainty of policy, corruption, administrative barriers, complicated process of firm registration and ineffective regulative documents prevent expansion of activity and increase of number of private enterprises. Moreover, the regulations on labor market are quiet strict and badly adjusted to the needs of economy,” stressed the economist.
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