Recent world developments have put jobs at the center of the policy debate. The global financial crisis has resulted in massive job losses in both emerging and industrial countries. In order to improve understanding of the connection between jobs and important dimensions of economic and social development the 2013 World Development Report (WDR) will focus on jobs, while providing analytical tools to identify the obstacles to sustained job creation. The World Development Report (WDR) has been produced on an annual basis since 1978 and is the World Bank's major analytical publication. The topic of each report is selected by the Bank’s president three years in advance of the book’s publication.The WDR team preparing the 2013 Report is willing to include Ukraine in its country case study.

For this purpose, on January 18, 2012, the World Bank’s expert team led by Mr. Jesko Hentschel, WDR Deputy Director, working on Ukraine case study held an expert meeting with representatives of different organizations doing business on the labor market.

Tetyana Ivanovych, VKP’s Associate specializing in labor and employment law at

Vasil Kisil & Partners, was invited to attend this gathering. The meeting was also attended by Mr. Paolo Carlo Belli, Country Sector Coordinator for Ukraine, Belarus and Moldova, Mrs. Olga Kupets, World Bank Expert, Mrs. Anna Olefir, World Bank Economist, as well as other specialists. 

Commenting on the difficulties currently facing the employment sector in Ukraine, Tetyana particularly stressed the following: “Amid the global financial crisis which has caused a dramatic reduction in the number of workplaces, including in the domestic labor market, Ukraine must choose a strategy for creating workplaces. The implementation of this strategy will be largely facilitated by the labor law reform, which during the crisis was aimed at balancing the interests of employers and those of employees.” In Tetyana’s opinion, the Draft Labor Code registered under No. 1038-1 will help to achieve this balance, even though a complex analysis of its provisions allows the conclusion that Ukraine has not yet begun to implement more radical reforms suggested by international experience in labor law reform, such as mitigation of overly strict labor law requirements to simplify the procedure for hiring and dismissing employees, extension of the term and scope of fixed-term agreements, etc.

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For more details please contact Tatyana Efremova,

Head of PR/BD Department

Tel.: +380 44 581 7777

E-mail: pr@vkp.kiev.ua

About the Firm

Established in 1992, Vasil Kisil & Partners is a Ukrainian law firm that delivers integrated legal advice in banking & finance, mergers & acquisitions, capital markets, antitrust, competition and trade, dispute resolution, tax law, energy and natural resources law, intellectual property law, labor and employment law, real estate and construction law, as well as PPP, concessions and infrastructure law.

The firm`s clients include such world-known companies as Alpcot Agro, Africa-Israel Group, Astellas Pharma, BASF, Bayer Consumer, BNP Paribas, British American Tobacco, Central European Media Enterprises, Coca Cola, Credit Agricole Group, Danone, Dell Inc., Du Pont, Energy Standard Group, Eurosport, Google, IKB Deutsche Industriebank, LG Electronics, Leroy Merlin Ukraine, Lukoil, Metso Automation Oy, Moody’s, Mott MacDonald Limited, NCH Capital, Novacke chemicke zavody, Opel, Philips, Pioneer, Red Bull, Russian Standard Bank, St. Sophia Homes, SEB AB, SEB Group, Swedbank AB, Seven Hills, Shell, Standard Charted Bank, Tchibo, UniCredit Group, Vanco International / Vanco Energy, Volkswagen, VympelCom, YouTube.