German Development Minister Svenja Schulze has announced plans to support the reconstruction of Ukraine with an international skilled labour initiative. There is a shortage of doctors, psychologists, roofers and architects, the Social Democrat (SPD) politician said in Berlin on Friday. "The reconstruction of Ukraine is already beginning." People are particularly needed in the health sector as well as in reconstruction and home building. In the energy sector, 8,000 skilled workers have already be
Germany has agreed to back a new employment initiative for Palestinians in the Israeli-occupied West Bank and in Jerusalem, the country's development ministry said on Wednesday. The deal was announced following a meeting between German Development Minister Svenja Schulze and the new prime minister of the Palestinian Authority, Mohammed Mustafa. "Unemployment in the West Bank has almost tripled and now stands at 40%," the German ministry said. The goal of the employment initiative is to create 25
The German government proposed a 15-point package of support for Ukraine's economic reconstruction in a new paper released on Wednesday. The proposed measures are centred on financial subsidies and low-interest loans for small- and medium-sized businesses in Ukraine as well as investment guarantees for German companies interest in doing business there, the Development Ministry announced on Wednesday. The ministry said it is working with the Ukrainian government to create a financial institution
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The path ahead is fraught with risks, from escalation of Russia s war in Ukraine with a dam collapse on Tuesday that the sides blamed on each other to debt troubles in developing countries and rapid interest rate hikes having unforeseen effects on banks and investors. 📰 Inflation, Higher Interest Rates Will Weigh on Global Economy, OECD Predicts.