Kiev, June 21 (SocialNews.XYZ) The influx of Ukrainians fleeing the ongoing war could slightly ease the tightness observed in the euro area labour market, according to a monthly report published by the European Central Bank (ECB).
Around 7 million people, mostly women and children, have left Ukraine, said the ECB in the report quoting the UN Refugee Agency (UNHCR), adding that a significant proportion of them is expected to reach the euro zone, reports Xinhua news agency.
Data from the ECB report showed that the war has clearly influenced Ukrainians' choice of destination countries as 75 per cent of migrants currently live in the euro area, with particularly large numbers in Italy (30 per cent), Germany (18 per cent) and Spain (13 per cent).
However, only 24 per cent of refugees from Ukraine would choose to settle in the euro zone in the pre-crisis years, according to the report.
The unemployment rate of countries in euro zone dropped to a record low since Russia launched its invasion of Ukraine on February 24.
Despite that, refugee access to host country labour markets is often a lengthy process due to the barriers and other frictions, said the report.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
