Ukraine, about to go bankrupt, needs to reform its economy in depth. Growth will be negative in 2014 - 6.5 percent according to the latest forecasts released by the International Center for Policy Studies in Kiev, with inflation over 15 percent. Waiting for stability as promised by the new President, elected on May 25, Petro Porochenko, businesses are laying off, accumulating late wage payments or imposing unpaid leaves on their workers, for lack of customers or because of the drop in the national currency - the hryvnia.
Ukraine has about 20 million active workers – 11 outside the civil service. “Currently, 460,000 jobseekers are registered, including 368,000 people who receive benefits,” the Minister for Social Policy, Lioudmila Denissova, declared on May 27. “And there are 46-50,000 vacancies.” But experts reject official unemployment figures, largely undervalued. Following the BIT’s method, it amounted to 7.2 percent in 2013, as opposed to 1.8 percent officially. For instance, people with a piece of lan
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