The average nominal salary of a full-time employee in Ukraine grew by 12.1% MoM in January, while it rose by 28.4% YoY, to UAH 7,711, or 289.
Real wages in Ukraine in January decreased by 13.4% against December 2017, but they rose by 12.3% YoY, the State Statistics Service reported.
The minimum wage in Ukraine grew on January 1, to UAH 3,723 ($140) from UAH 3,200 ($120). The government plans to consider a further increase to UAH 4,200 ($157) in the second quarter, if the necessary economic growth is achieved.
Full-time employees who received wages from UAH 6,000 ($225) to UAH 10,000 ($375) in December 2017 accounted for 49.6%, up by 2.7% from March 2017. Ukraine’s government forecasts an increase in the average wage in 2018 to UAH 10,000. (UNIAN/Business World Magazine)