Photo from UNIAN
Ukrainian Social Policy Minister Andriy Reva said more than 3.2 million Ukrainians work abroad on a permanent basis.
Deputy Governor of the National Bank of Ukraine (NBU) Oleh Churiy says the regulator expects remittances from Ukrainian labor migrants in 2018 will be estimated at US$11.5 billion.
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"The balance of payments depends on funds transferred by [Ukrainian] citizens working abroad. This year we forecast $11.5 billion," he said at a roundtable in Kyiv on August 28.
According to Churiy, labor migration is a negative phenomenon for the country's economy in the long run. However, this means a fairly serious income for the balance of payments, having positive effect on the foreign exchange market.
As UNIAN reported earlier, Ukrainian Social Policy Minister Andriy Reva said more than 3.2 million Ukrainians work abroad on a permanent basis.
Ukrainian Prime Minister Volodymyr Groysman considered it was possible to stop labor migration from Ukraine within a few years.
He says the key task of the government in combating labor migration is to raise wages and improve the quality of workplaces.
According to the State Statistics Service of Ukraine, about 36% of Ukrainian labor migrants are engaged in work that does not require skills. At the same time, 26.8% of labor migrants work abroad according to their qualifications, while almost 30% do not work within their specialty.