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A $4.5 Billion Boost to the Economy

A $4.5 Billion Boost to the Economy

In recent years many Ukrainians have sought work overseas. There are many reasons why they have done so, but the biggest motivator is simply financial. Wages for fruit pickers or building site labourers are higher in Poland than they are in Ukraine and working conditions (which are protected by the EU) are no doubt also better.

Some bemoan this loss of Ukraine’s hard-working citizens, but even though the many migrant labourers from Ukraine are propping up the economies of other countries, they’re also making significant contributions to Ukraine’s economy at the same time. According to recently released statistics, the amount of money transferred back home by Ukrainians working overseas increased by 30% to 4.5 billion USD in the period of January to May of this year. That’s all cash that helps get Ukraine’s economy moving!

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