In May, the average nominal salary in Ukraine amounted to UAH 10,542, up by 3% YoY, according to the State Statistics Service. “The average nominal salary of a full-time employee of enterprises, institutions and organizations made up UAH 10,542 in May, up 2.2-fold from the minimum wage (UAH 4,723). The average nominal salary increased by…
JSC Ukrposhta, Ukraine’s state-owned postal operator, paid UAH 202.7 million in dividends for 2019, or 50% of the net profit of the joint-stock company for last year, according to Ukrposhta’s press service. The company stresses that this is the largest amount of contributions paid to the state budget since Ukrposhta’s establishment. “For the first time…
Most of Ukrainians say they do not support Ukraine’s borrowing money from the International Monetary Fund (IMF), according to findings of a June poll conducted by Kyiv International Institute of Sociology (KIIS). Pollees were asked to share their opinion whether it was expedient for Ukraine to cooperate with the IMF, KIIS said. Thus, 61% of…
To alleviate the first needs in the areas of southwest of Ukraine struck by the largest flooding in the last 50 years, with several casualties and damage to hundreds of homes, the Ukrainian authorities activated the EU Civil Protection Mechanism. The European Commission is providing mapping services of the affected areas through the EU Copernicus…
The European Business Association (EBA) says 68% of companies in Ukraine have already fully or partially resumed work in their offices. “Some 68% of surveyed business representatives have already fully or partially returned to the office,” the EBA said on its website. Regarding the staff policy, 60% of the surveyed entrepreneurs plan to keep the…
The bus operator FlixBus (Germany) resumed operations in Ukraine on separate international routes from June 25. According to the company’s press service, tickets are already on sale for trips from Kyiv via Zhytomyr, Rivne, Lviv, Uzhgorod to Krakow, Budapest, Vienna and more than a dozen German cities, and from July 3 green branded buses will…
The Ukrainian banking sector has successfully weathered the first wave of the coronavirus crisis, but banks must be prepared for the negative medium-term consequences, according to the National Bank of Ukraine (NBU). “The Ukrainian banking sector faced the coronavirus pandemic crisis in good shape and with sufficient safety margin. The new crisis has not caused…