WEEKLY ECONOMIC REVIEW
The World Bank publicized last week its report on вЂ�Employment opportunities in East Europe and former Soviet Union, which contains analysis of the labor markets in 27 countries with transition economy after 15 years of collapse of communism. The reports noted that absence of sufficient opportunities for employment in the territory of former Soviet Union, while employment could be enhanced only in case the programs on re-organization of enterprises and improvement of investment climate.
The similar peculiarity in all post-Soviet countries is that people who lost their jobs during the structural reforms could not find jobs. The employment problem in CIS is mostly linked with the quality of the jobs: they are less productive and provide law earning.
The report calls the countries to improve the investment climate to encourage the companies to the implementation of the investments and establishment of efficient jobs. The economic and political uncertainty, corruption, high taxation, and ineffective legal system is regarded as key factors impeding the entrepreneur activities.
Thus, major recommendation for CIS countries was he following: as the new jobs are created by the new and small private companies, the authorities should support the reforms, which fosters the business. Development of employment programs and strategies, which envisages re-training of employees or assistance to the jobless, cannot be enough for the resolution of the problem.