PM Groysman forecasts average wage rise to US$385 per month

UNIAN 2

Ukrainian Prime Minister Volodymyr Groysman projects that the average monthly wage in Ukraine in 2017 will reach UAH 7,000, or US$270, and will further increase to UAH 10,000, or US$385, in the medium-term outlook.

Photo from UNIAN
The minimum wage in Ukraine is UAH 3,200, or US$123 / Photo from UNIAN

"We forecast the average salary will be UAH 7,000 this year and UAH 10,000 in the medium-term outlook," the prime minister said at a government meeting on Wednesday, June 14.

He claims that raising standards of living is a key task of the Ukrainian government.

"European integration is primarily the European level of living, which we must provide for Ukrainians," the prime minister said.

Ukraine's statistics agency lists most lucrative professionsAs UNIAN reported, real wages in Ukraine in April 2017 decreased compared to the previous month by 2.3%. At the same time, real wages increased by 20.7% in April 2017 against April 2016.

The average nominal salary of a full-time employee in Ukraine in April was UAH 6,659, or US$256, which is 1.4% less than in March this year and 36% more than in April 2016.

This level is 2.1 times higher than the minimum wage in Ukraine, which is UAH 3,200, or US$123.

Earlier, Minister of Social Policy Andriy Reva projected that the average salary would grow by 37%, to UAH 7,100, or US$273, by the end of 2017.

Tags: Groysman, Cabinet, income, wage, salary

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