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Ukraine’s labor market problem is low productivity, not coronavirus, NBU says
Journal Staff Report

KYIV, May 29 – Ukraine’s main labor market problem is low productivity, not coronavirus, and this is plaguing the country for the past 15 years, National Bank of Ukraine (NBU) Governor Yakiv Smolii said Friday.

"According to the ILO [International Labor Organization] rating, on this indicator, we are in the second hundred among the countries of the world. In 2019, labor productivity in Ukraine was lower not only in comparison with EU countries, but also with some post-Soviet states," he said during the first day of an online conference of the central banks of Ukraine and Poland on the subject "Labor Market and Monetary Policy" on Thursday, May 28.




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