The Pension Fund of Ukraine is raising retirement age for women from April, as well as changing the requirements for length of service with regard to all retirees. Therefore, certain groups of Ukrainians will retire later than expected. The new changes are regulated by the Article 26 of the Law No. 1058 “On Compulsory State…
In 2020, expenditures of the state budget amounted to UAH 1.29 billion, up by 19.8% YoY, according to the Finance Ministry of Ukraine. “The Cabinet of Ministers has approved the report on the implementation of the State Budget of Ukraine for 2020. Thus, due to the effective mobilization of resources, the government was able to…
Ukrainian banks’ net profit shrank by 59.1% YoY in January-February, to UAH 6.491 billion ($232.1 million). That’s according to the National Bank of Ukraine. The banks’ revenue over the period under review decreased by 24.1%, to UAH 35.1 billion ($1.25 billion). (UNIAN/Business World Magazine)
Minister of Social Policy Maryna Lazebna said the Pension Fund in 2020 fell short of UAH 4 billion ($143 million) as a result of quarantine benefits for individual entrepreneurs, in particular, a new social assistance program for their children. In addition, the government exempted entrepreneurs of 1 and 2 categories and other self-employed from paying…
In February, the average nominal salary in Ukraine amounted to UAH 12,549, up by 15.7% YoY, according to the State Statistics Service. The average nominal salary of Ukrainians in February was 2.1 times higher than the minimum wage (UAH 6,000). Compared to January, the average nominal wage rose by 1.7%. The highest average nominal salaries…
Since the beginning of 2021, UAH 112.4 million has been transferred to the accounts of insolvent banks, including UAH 91.3 million in February, according to the press service of the Deposit Guarantee Fund of Ukraine. The largest funds came from redemption of securities – UAH 48.7 million (JSC Misto Bank), from the sale of assets…
The Ukrainian government’s investment promotion office UkraineInvest and Zaporizhzhia Chamber of Commerce and Industry (CCI) have discussed the issue of attracting investment to the region, the press service of Zaporizhzhia CCI reports. According to Volodymyr Shamilov, President of Zaporizhzhia CCI, the Chamber and UkraineInvest have common goals and aspirations. “Our task is to create new…