Ukrainian Prime Minister Volodymyr Groysman says the minimum wage in Ukraine, estimated in U.S. dollars, has tripled over the past three years, from about $50 in 2016 to $150 in 2019.
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"When our government took office, the minimum wage was about $50, and now it reached $150. So, it has tripled," he said, as reported by the Ukrainian government portal on February 23.
The official says the average salary in Ukraine shows the same dynamics, as now it exceeds $380 in the US dollar equivalent, which is twice as much as the figure reported three years ago.
"I realize that this [salary] is also small, but we are moving forward. The government's policy has enabled the National Bank to create reserves exceeding $20 billion as of the beginning of the year. This is a record high figure in the last five years. The inflation rate is now less than 10%, although in 2015, it exceeded 40%," he added.
The head of government also stressed the need to continue determined policy, maintain financial stability and strengthen economic growth.
