State Employment Service said the number of unemployed in Ukraine grew by 64% YoY as of May 20, to 501,000 people. At the same time, the number of vacancies is 51,000. This is almost 55% fewer than last year, the report said. The average wage for existing vacancies is UAH 7,000 ($262). Today there is…
Due to the coronavirus pandemic and quarantine restrictions, remittances from Ukrainian migrant workers are expected to amount to $10 billion in 2020, which is $2 billion less than last year, according to the National Bank of Ukraine (NBU). “Labor migration is a difficult topic. About 3 million Ukrainians work abroad. Some of them are seasonal…
In 2019, local budgets received UAH 4.9 billion in revenues from real estate taxes, up by UAH 1.2 billion YoY, according to the Finance Ministry. “Local budgets received UAH 4.9 billion from the payment of real estate taxes in 2019 and UAH 3.7 billion in 2018,” the statement reads. Failure to pay taxes on real…
The directors of departments of the economy ministries of Ukraine and Poland, Oleksiy Rozhkov and Jan Pawelec, discussed the dynamics of bilateral economic cooperation in the first quarter during a videoconference, Ukraine’s Embassy in Poland reported on Facebook. “The directors of departments of the economy ministries of Ukraine and Poland, Oleksiy Rozhkov and Jan Pawelec,…
Ukraine’s Social Policy Ministry predicts poverty in Ukraine will have grown to 45% by late 2020, up by 6.5% YoY. According to M.V. Ptukha Institute for Demography and Social Studies of the National Academy of Sciences of Ukraine, poverty in 2019 was 38.5%, down by 4.7%. “Thus, media reports about a “sharp increase in poverty…
The Cabinet of Ministers has approved the annual report of JSC CB PrivatBank for 2019, according to Prime Minister Denys Shmyhal. “We have approved the annual report of PrivatBank for 2019: 75% of net profit totaling UAH 24.4 billion. Another 5% of the bank’s net profit totaling UAH 1.6 billion will be sent to the…
Ukrainian Infrastructure Minister Vladyslav Kryklii says the Cabinet of Ministers, Ukraine’s government, has decided to relaunch the subways on May 25. “The transport system in Ukraine will become gradually operational from May 22. Regular and chartered passenger transportation by road on urban, commuter, regional and international routes will be resumed from May 22; passenger transportation…