EN|RU|UK
 Society, Ukrainian Politics, Economics
  4949

 Increase in minimum wage not to happen until 2018

рева

The minimum wage in Ukraine can be increased only in 2018-2019.

As reported by Censor.NET, this was said by Minister of Social Policy of Ukraine Andrii Reva.

"This figure will not be revised in 2017, but it will be increased in 2018-2019 taking into account the possible negative consequences. Our estimates proved the need to raise the minimum wage in the future while we asserted the right to review this figure in the long view," the official dwelled on the talks with the International Monetary Fund.

Read more: Minister Reva: Pension reform bill ready but still to be harmonized with IMF before being submitted to parliament

The minister added that the minimum wage growth rate would at least outrace the pace of inflation.

As reported, the minimum wage in Ukraine was increased twofold up to 3,200 hryvnia ($122 monthly) since Jan. 1, 2017.

 
 
 
 up