$10 billion in direct investment in the Ukrainian villages by 2024 will contribute to the creation of high well-being standards and comfortable living conditions for rural residents. Minister of Economic Development, Trade and Agriculture Tymofiy Mylovanov said this at the meeting of the Verkhovna Rada Agrarian Committee during the presentation of the report on progress…
The Cabinet of Ministers has decided to strengthen the responsibility of distribution system operators for abuse on the electricity market, Ukrainian Prime Minister Oleksiy Honcharuk has said. “We are strengthening the responsibility of natural monopolies for abuse on the electricity market. In Ukraine, distribution system operators (that is, the same “natural monopolies”) often abuse their…
The average salary in Ukraine in 2019 was UAH 9,205, the State Property Fund reported on its Facebook page. “The average salary for 2019 is UAH 9,205.19,” the report reads. The State Property Fund approved the average wage for December 2019, which, according to the law of Ukraine on compulsory state pension insurance, was taken…
An additional one million legal jobs will be created in Ukraine in the next five years, Minister of Economic Development, Trade and Agriculture of Ukraine Tymofiy Mylovanov has said. “The government is ready to legalize labor in Ukraine. We look at neighboring countries, where each industry has its own rules, for example, official hourly wages.…
In 2019, Ukrainian transport companies increased passenger turnover by 3.3% YoY, according to a report on the implementation of the program of activities of the Cabinet of Ministers of Ukraine. “Passenger traffic continued to grow (3.3% against 5.1% in 2018) due to the stable development of air transport in the context of the liberalization of…
In 2020, the Government of Ukraine plans to sell more than 300 entities within small-scale privatization and five large enterprises. This is stated in the government’s “Economic Strategy: Growth through Investment”, the press service of the Ministry of Economic Development, Trade and Agriculture of Ukraine reports. “The next area of private investment attraction is the…
The government has already begun to assess the impact of the coronavirus epidemic on the Ukrainian economy, Prime Minister Oleksiy Honcharuk has said. “Speaking about the coronavirus, I am quite sure that this factor must be assessed, and we are already doing it. The question is different: no one in the world can say how…