Ukraine's prime minister expects average wage to increase to UAH10,000 by year end

Ukraine's prime minister expects average wage to increase to UAH10,000 by year end
Ukraine's prime minister expects that the average wage will increase to $370 by year end
By bne IntelliNews August 7, 2018

Prime Minister of Ukraine Volodymyr Groysman expects that the average wage in the country will increase from UAH8,000 to UAH10,000 ($370) by the end of this year, Interfax reports. 

Ukraine currently has one of the lowest average wages in the whole of the Commonwealth of Independent States (CIS).

"The main priority is the average wage. And we want to increase this figure to UAH10,000 (by the end of the year). This is a real story. Now the wage exceeds UAH8,000," Groysman said.

He noted that the government’s economic policy contributes to the achievement of this goal, including in the context of deregulation and the fight against shadow schemes.

As reported, in an interview with Interfax-Ukraine in early May the prime minister stated that Ukraine had no possibility of making a decision on raising the minimum wage. At the same time, he predicted that the average wage in 2018 could reach UAH10,000.

According to the prime minister, it will be possible to reach an average wage of UAH10,000 even if the minimum wage is not raised to UAH4,200.

Data

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