Labor migration will shift slightly from Poland to Germany and the Czech Republic as workers seek higher wages

Labor migration will shift slightly from Poland to Germany and the Czech Republic as workers seek higher wages, predicts the National Bank of Ukraine. “Labor migration to other European countries, such as the Czech Republic and Germany, will intensify after plans to simplify employment procedures for foreigners are implemented in these countries,” reads the central bank’s October inflation report. Labor migration “exacerbates the mismatches between supply and demand on the labor market, with subsequent wage increases, and local shortages of qualified staff, thereby restraining the potential for economic growth.”