Ukraine minister elaborates on "shadow" employment rate

Photo from UNIAN

"There were 4 million people employed in the shadow economy in 2016. Now the number of 'disguised employees' has decreased by 300,000 people," he said at a Kyiv press conference on Dec 28.

Read alsoUnemployment rate in Ukraine shrinks to 8.9% in Q3 2017According to the minister, some 700 employers in 2017 have drawn up employment contracts with their employees as a result of inspections by labor inspections.

As UNIAN reported earlier, Andriy Reva says the poverty rate in Ukraine in 2017 dropped by 15.1 percentage points from 54.5% in 2016 to 39.4%.