PM Groysman: Minimum wage in Ukraine has tripled over past three years

PM Groysman: Minimum wage in Ukraine has tripled over past three years

Ukrinform
The minimum wage in Ukraine has tripled over the past three years.

“When our government took office, the minimum wage was about $50. Now it is $150. It has tripled,” Prime Minister of Ukraine Volodymyr Groysman said, the Government portal reports.

According to him, the average wage shows similar growth dynamics, and now exceeds $380 in the US dollar equivalent, although three years ago it was half as much.

"I understand that the current size is not big, but we are moving forward. The government’s policy has enabled the National Bank to form the reserves of more than $20 billion at the beginning of the year. It is the biggest volume for the past five years. The current inflation rate is less than 10%, although back in 2015 it was more than 40%," the Prime Minister stressed.

He also underscored the need to continue determined policy, maintain financial stability and strengthen economic growth.

ol


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2019 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-