Wage arrears in Ukraine shrink to US$90.5 mln in Feb

Delayed wages at operating enterprises were estimated at $46.9 million.

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Wage arrears across Ukraine in February 2019 shrank by 6.4% compared with January 2019, amounting to UAH 2.45 billion (US$90.5 million) as of March 1, 2019.

Read alsoMinimum wage in Ukraine tripled over past three years – PM Groysman

Delayed wages at operating enterprises were estimated at UAH 1.27 billion ($46.9 million) as of March 1, 2019, which was 11.8% down from the figure reported as of February 1, 2019, the State Statistics Service reported.

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 ($137) to UAH 4,173 ($154).

The average nominal salary of a full-time employee grew by 20.4% in Ukraine in February 2019 year-over-year (y-o-y), to UAH 9,429, or US$348.

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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