Ukraine vows to improve social standards next year

/ uapress.info

In particular, the 2016 draft budget envisages a gradual increase in the minimum wage in 2016 to UAH 1,378 from January 1, or $57.54 (at the official forex rate as of December 1, 2015); UAH 1,450, or $60.54 (+5.2%) from May 1; and UAH 1,550, or $64.72 (+6.9%) from December 1.

The minimum income level will amount, on the average, to UAH 1,330 per capita, or $55.53 (at the official forex rate as of December 1, 2015) from January 1; UAH 1,399, or $58.41 (5.2%) from May 1; UAH 1,496, or $62.46 (+6.9%) from December 1.

As UNIAN reported earlier, Finance Minister of Ukraine Natalie Jaresko stated early November that social standards would increase 12% in 2016 on a December-to-December basis, in line with the projected inflation rate.