Ukraine: retail trade turnover up in Q1 2019

In January-March, retail trade turnover in Ukraine reached UAH 235.8 billion, up by 12.5% YoY, the State Statistics Service reports. The biggest growth in retail trade turnover over the reporting period was recorded in the city of Kyiv (UAH 45.05 billion), Dnipropetrovsk region (UAH 22.2 billion) and Kharkiv region (UAH 19.1 billion). The lowest retail…

Ukraine: average wage reaches almost UAH 8,400

The average wage in Ukraine in February amounted to almost UAH 8,400, the Pension Fund of Ukraine reported. “The average wage rate for February was approved, from which insurance contributions were paid and which, in accordance with the Law of Ukraine “On Compulsory State Pension Insurance”, is taken into consideration for pension accounting,” the report…

Ukraine: return of PrivatBank to former owners impossible

The return of PrivatBank to its former owners due to the court ruling that declares nationalization of PrivatBank illegal is impossible, NBU First Deputy Governor Kateryna Rozhkova said at a press briefing regarding appeal against the court decision to nationalize PrivatBank, the NBU’s press service reported. “PrivatBank’s nationalization was an important step towards ensuring financial…