In October the average nominal wage in Ukraine made up UAH 10,727, up by 16.4% YoY, according to the State Statistics Service of Ukraine. “In October the average nominal wage of a full-time employee of enterprises, institutions and organizations was UAH 10,727, up 2.6-fold from the minimum wage (UAH 4,173). The average nominal wage increased…
The National Bank of Ukraine (NBU) fined JSC European Industrial Bank, JSC Megabank, JSC Radabank JSC and JSC Oschadbank in November for the violation of legislation in the field of financial monitoring, the NBU’s press service has reported. “The National Bank of Ukraine, following the results of inspections on preventing and combating the legalization (laundering)…
The Pension Fund of Ukraine has started to finance pensions for December, the fund’s press service has reported. “On December 2 the Pension Fund of Ukraine started to finance pensions in accordance with the established schedule,” reads the report. The sum worth UAH 603.2 million was allocated for pension payments. (Ukrinform/Business World Magazine)
In November the state budget of Ukraine received UAH 78.322 billion in revenues, down by UAH 18.846 billion, or by 19.4% from the target, according to the State Treasury Service of Ukraine. In particular, revenues of the state budget in November made up UAH 78.322 billion against projected UAH 97.168 billion. Revenues of the general…
Prime Minister Oleksiy Honcharuk will announce the start of a program for financing Ukrainian startups, according to the Government portal. The meeting on the launch of the program will be attended by Deputy Prime Minister, Minister of Digital Transformation Mykhailo Fedorov, Finance Minister Oksana Markarova, and Chairperson of the Supervisory Board of the Ukrainian Startup…
Deputy Governor of the National Bank of Ukraine (NBU) Serhiy Kholod says the regulator plans to have increased the share of cashless transactions with payment cards from 50% to 55% by the end of 2020. “The share of non-cash transactions by payment credit cards has already reached about 50%, which fully complies with the NBU…
High-quality roads and motorways will connect all major cities and regional centers in Ukraine in three to five years, Ukrainian Prime Minister Oleksiy Honcharuk says. He noted the key point was personnel upgrades. He has called on the new head of Ukravtodor road construction agency, Oleksandr Kubrakov to hire new people for top posts at…