News in English     | 15.10.2019. 15:05 |

Regional workshop to tackle undeclared work and informal economy in WB

FENA Press release

SARAJEVO, October 15 (FENA) - Regional workshop is taking place in Sarajevo attempting to find a way for structural regional cooperation approach to tackle undeclared work and informal economy in the Western Balkans.

“Informal employment is work that is legal in itself but not declared to the authorities for tax, social security and/or labor law purposes. As such, it plays an important role in all Western Balkan economies, as widespread informality deprives governments of potential tax revenue, produces unfair competition and often affects workers’ rights and decent working conditions. Rough estimates show that revenues lost due to undeclared work in the region are in the range of several billion euro –significant resources that could be used for improvement of services and infrastructural projects,” said Maja Handziska Trendafilova, Head of the Regional Cooperation Council (RCC) Program Department when opening the regional workshop on undeclared work in the region, in Sarajevo today.

“Furthermore, labor force surveys estimate that between 20 and 30 percent of employed persons work informally, while, according to the World Bank Enterprise survey, almost half (49.2 percent) of firms in the region compete against informal firms. As the entire region suffers from the almost identical problem of informality, the best answer lies in structural, regional approach to this problem, not just based on the penalties, but on incentives for transferring to formal employment, raising the awareness of the benefits for it.” 

The workshop, gathering the Western Balkans' policy-makers, social partners, experts from the region and beyond, was organized by the RCC's Employment and Social Affairs Platform (ESAP). The participants shared the key challenges and policy initiatives tackling undeclared work, focusing on forward-looking discussions on new initiatives to strengthen regional cooperation and its benefits.

As informal economy and undeclared work in the WB constitute major barriers to enabling inclusive economic prosperity, ESAP has recently produced diagnostic reports for each WB economy that look at drivers of undeclared work, the institutional framework and current policy approaches. Building on current efforts to reduce the informal economy and particularly undeclared work, the reports propose key recommendations on building a holistic strategic approach to tackling informality.

The RCC and International Labor Organization (ILO) jointly embark on the implementation of the second phase of the EU-funded ESAP over the coming 3 years, that will build up on the past work with the regional partners and stakeholders to mainstream a holistic strategic approach to tackling undeclared work, while establishing a regional vibrant community of government officials and partners that will promote the exchange of good practices and mutual learning among peer institutions in the region, stated the RCC. 

(FENA) S. R.

Vezane vijesti

US intelligence community assessment: Dodik is taking steps to ensure de facto secession for the RS

Bregu: Women's economic empowerment is not a luxury

Krišto at EBRD Summit: BiH is an open and desirable destination for foreign investments

Promo

M:tel: Savršena kombinacija – Huawei telefon i pametni sat s popustom

M:tel: Stiglo nam je Proljeće!

Predstava 'Kako sam se nadala dobro se nisam udala' u BKC Sarajevo