Average salaries and wages rose in all sectors last year and the average wage was more than 7% higher than in 2018. In 2019, the average monthly gross wage was EUR 1,407, up by 7.4%. Salaries were the highest in Q2 and Q4 2019. The highest average monthly gross salaries are in the information and…
The average nominal wage of a full-time employee grew by 12.5% in Ukraine in January 2020 against December 2019, while rising by 16.3% YoY, to UAH 10,727, or $437. Real wages in Ukraine in January increased by 12.7% MoM and by 12.5% YoY, the State Statistics Service reported. The average nominal rate of a full-time…
In 2019, budget expenditures surged by 19.3% and made 13.5 trillion tenge. Budget spending comprised 11.3 trillion tenge, down by 9.1%. The biggest amount was spent on social assistance and social provision: 3.5 trillion tenge or 25.6% of the total sum of expenses. 2.3 trillion tenge and 1.3 trillion tenge were spent on education and…
Finance Ministry increased the state budget deficit in 2019 to UAH 81 billion ($3.3 billion), whereas earlier this figure was UAH 78.05 billion ($3.1 billion). “The Law of Ukraine “On the State Budget of Ukraine for 2019″ defines the annual limit of the state budget deficit in the amount of UAH 91.1 billion ($3.7 billion).…
First Deputy Minister of Economic Development, Trade and Agriculture Pavlo Kukhta says the ministry plans to raise about $5 billion for the national budget from the sale of state-owned enterprises. “Now we are selecting the last group of enterprises subject to privatization via the State Property Fund, that is more than 300 companies. Following that,…
The coronavirus Covid-19 may force corrections to Latvia’s economic growth outlook, according to European Commission’s (EC) representatives in Latvia. EC’s report on Latvia published on February 26 mentions that the country’s GDP growth may be 2.3% in 2020 and 2.4% in 2021. Compared to the outlook for Latvia’s GDP growth in 2020 reported by EC…
Ukraine and Armenia are stepping up dialogue to strengthen cooperation in various fields. Minister of Social Policy of Ukraine Yulia Sokolovska discussed this issue with Ambassador Extraordinary and Plenipotentiary of the Republic of Armenia to Ukraine Tigran Seyranyan, the Ministry of Social Policy reported. “The parties agreed that Kyiv and Yerevan should strengthen cooperation in…