Wage arrears in Ukraine shrink to US$95.3 mln in 2018

At the same time, there has been an 11.7% increase in wage arrears since the beginning of 2018.

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Wage arrears across Ukraine in December 2018 shrank by 6.2% compared with November 2018, amounting to UAH 2.65 billion (US$95.3 million) as of January 1, 2019.

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At the same time, there has been an 11.7% increase in wage arrears since the beginning of 2018, the State Statistics Service reported.

Delayed wages at operating enterprises were estimated at UAH 1.46 billion ($52.3 million) as of January 1, 2019, which was 10.2% down from the figure reported as of December 1, 2018.

The report does not include information from temporarily occupied areas in the Autonomous Republic of Crimea, the city of Sevastopol, and certain areas in Donetsk and Luhansk regions, it said.

As UNIAN reported earlier, the minimum wage in Ukraine grew on January 1, 2019, from UAH 3,723 ($134) to UAH 4,173 ($150).

The National Bank of Ukraine expects a slowdown in the growth of wages and salaries in Ukraine, forecasting an increase in nominal wages by 16% and by 10% (or by 7% and 5% in real hryvnias) in 2019 and 2020, respectively.

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