IMPACT OF HIRING UKRAINIAN WORK FORCE ON THE ESTONIAN ECONOMY

IMPACT OF HIRING UKRAINIAN WORK FORCE ON THE ESTONIAN ECONOMY

Hiring workers from Ukraine can have a positive impact on the Estonian economy.

Workers from Ukraine can contribute to the economic growth of Estonia by filling vacancies in industries where there is not enough local staff. They may have the necessary skills and experience that can contribute to the development of industries such as information technology, tourism and construction.

Increasing tax revenue:

Ukrainian workers contribute to the Estonian tax base through income tax, social security contributions and consumer taxes. This additional income can be used for public investment, welfare programs and infrastructure development.

Expansion of the labor market:

Hiring labor from Ukraine can increase the size of the available labor market. This can be especially useful for small and medium-sized enterprises that require workers with skills that are hard to find in the local community. The expansion of the labor market can contribute to the growth of enterprises and the creation of new jobs.

Diversification of cultures and experiences:

The presence of Ukrainian workers can bring new cultural and professional perspectives to Estonia. Workers from different countries can bring with them a variety of ideas, knowledge and experience, which contributes to innovation and business development.

Demographic Benefits:

In Estonia, as in many other European countries, there is the problem of an aging population and a low birth rate. Hiring foreign labor can help mitigate these demographic challenges by providing young and able-bodied workers to support economic development.