EEF-2023 discussed human capital development in Eurasian space

Bakytzhan Sagintaev, Minister in charge of Economy and Financial Policy of the Eurasian Economic Commission, took part in the thematic session “Eurasian Dialogue on the Labor Market. Human Capital. Healthcare” held as part of the business program of the 2nd Eurasian Economic Forum in Moscow.

“The role and value of human capital in the modern economic paradigm is indisputable. And the growth indicators of our economies depend on investments in creating comfortable conditions for the human capital development through the system of vocational education, providing social conditions and health protection of workers”, Bakytzhan Sagintaev emphasized.

The session was attended by Irina Kostevich, Minister of Labor and Social Protection of the Republic of Belarus, Olzhas Ordabayev, Vice Minister of Labor and Social Protection of the Population of the Republic of Kazakhstan, Kudaibergen Bazarbaev, Minister of Labor, Social Security and Migration of the Kyrgyz Republic, Anton Kotyakov, Minister of Labor and Social Protection of the Russian Federation, Antonio Vitorino, Director General of the International Organization for Migration, Marina Schramm, Director of the Office of the International Organization for Migration in Moscow, Melita Vujnovich, Representative of the World Health Organization in the Russian Federation, and Robert Urazov, Director General of the Professional Skills Development Agency. The session was moderated by Mikhail Ivankov, Head of the Federal Labor and Employment Service.

The attendees discussed the impact of labor migration processes on the social and economic development of the Eurasian Economic Union States, noted the need to forecast the labor market needs for workers, made proposals for achieving an equivalent level of professional qualifications of workers in the EAEU, as well as considered the economic benefits of investing in workers' health.

Following the discussion, some recommendations were formulated for the further development of the Union's single labor market in modern conditions.