Anti-LGBT+ discrimination damages Eastern Europe’s economic growth

 | 
04/28/2021

Discrimination against lesbian, gay, bisexual and transgender people costs Eastern European countries almost 2% a year in economic growth, a coalition of dozens of global companies promoting LGBT+ inclusion said on Tuesday. Hungary, Poland, Romania and Ukraine are losing billions of dollars each year due to the lack of equal workplace rights for LGBT+ people and factors such as higher health costs related to HIV/AIDS and depression, said Open For Business (OFB). They are also facing a “brain drain” of skilled workers and struggling to win foreign investment, found OFB, which is backed by tech giants Google and Microsoft, Barclays and Deutsche Bank, spirits group Diageo and accounting firms PWC, EY and KPMG.

Share this:

Other News from , , , ,

Added on: 10/03/2024
Georgian President Salome Zurabishvili has refused to sign into law a bill approved by parliament last month that rights groups and many opposition politicians …
Added on: 10/01/2024
A far-right party has won the most votes in an election in Austria for the first time since World War II. The pro-Kremlin, anti-Islamic, …
Added on: 09/30/2024
Russian authorities have been rounding up gay men and coercing them to fight in Ukraine, according to some recent reports. The Russian leader has long vilified …