The average salary in Ukraine has hit a record high of UAH 14,300, but the government is trying to reach the European level of salaries in the country, Prime Minister Denys Shmyhal has said.
He announced this at a joint meeting of the presidium of the Congress of Local and Regional Authorities under the President of Ukraine with the National Reform Council in Kyiv.
“More investors, better salaries, better conditions for workers and residents of communities. The State Statistics Service has updated the statistics on the average salary in the country. It amounted to UAH 14,313, or more than $500. This is an all-time record, but certainly not the limit we want to reach. We want salaries to grow further and reach European levels. We all are working hard to make that happen,” Shmyhal said.
According to him, a promising tool for economic development and investment is a public-private partnership. The state seeks to expand this mechanism to the regions, so that it becomes a “public-private-regional partnership”, Shmyhal said.
“We already have examples of successful cooperation between the state and businesses: concession projects are being implemented in the ports of Kherson and Olvia. We are waiting for similar projects in the field of road and social infrastructure. I believe that this mechanism should be actively used within individual communities – in the construction of roads, hospitals, energy facilities and in other industries,” Shmyhal said.
He said investors were interested in being effective, creating jobs, and this led to competition for the workforce.
He also noted that the Ukrainian economy was recovering from the coronavirus crisis and in the next few years the state should do all it could to make an economic leap. (Ukrinform/Business World Magazine)
