The percentage of employees without the certainty of continued employment, because their contracts are concluded for a period of no more than three months, turns out to be resistant to positive changes in the economic situation.
As the global economy is recovering many countries are struggling with skilled labor shortages, and wages pressures are emerging in the Central and Southeast Europe (CSE), writes Nordea in “Workers in demand” report.
There is a need for a new social contract that will include people working on flexible contracts, as well as the former middle class, says Hans Timmer, World Bank Chief Economist for the Europe and Central Asia Region.
In 2017 the majority of the special economic zones celebrated round anniversaries of their establishment. At the end of 2016 the total value of investments made by companies operating in the zones reached EUR26.7bn with 332,100 FTEs.
The working age population significantly decreased in the economies of Central and Southeast Europe due to the falling birth rate and emigration, which also caused a decline in the quality of human capital.