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 Ukraine’s social policy minister approves of decision to increase minimum wage, shows statistics

Raising the minimum wage twofold was the right thing to do.

This was said by Minister of Social Policy of Ukraine Andrii Reva at a working meeting chaired by Prime Minister Volodymyr Hroisman on Monday, Feb. 6, Censor.NET reports citing the press service of the Cabinet of Ministers.

"The minimum wage also contributed to the average wage increase. It now stands at 3,900 hryvnia (about $143) which is twice the amount paid last year," the minister said.

Read more: IMF insists on retirement age increase, - Minister of Social Policy Reva

Reva referred to the statistics for the first month of 2017 which showed the positive outcome of the decision to raise the minimum wage in Ukraine.

"Compared to January 2017, the number of employers seeking specialists increased by 35 percent; the number of vacancies - by 48 percent; the number of employed persons - by 32 percent; unemployment rate dropped by 16 percent; the number of applicants for the same vacancy decreased from 16 to nine; 26 percent less employees were served notices in January," the minister said.

Read more: Pension reform bill to be introduced to Rada in spring, - Reva

As reported, the minimum wage in Ukraine has been raised up to 3,200 hryvnia (about $117 monthly) since Jan. 1, 2017.
 
 
 
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