Photo from UNIAN
Ukrainian Prime Minister Volodymyr Groysman says that raising the minimum wage to UAH 3,200 from January 1, 2017 will lead to increased employment rates and the average wage growth in February-March this year, according to the government press service.
"The first month of 2017 has passed. By all accounts, we have the trend toward growth in both quantity and quality of jobs, as well as higher wages," the press service quoted Groysman as saying at the meeting with the heads of finance and social policy ministries.
"Raising the minimum wage is the right step. In February and March, we will see a rise in the number of entrepreneurs, the increase in the minimum wage and average salary, while the prices will remain within the range of seasonal variations, without any further inflation," he said.
Read alsoReuters: Ukraine finance minister upbeat on IMF tranche progressAs UNIAN reported earlier, the average monthly nominal wage of a full-time employee in Ukraine in December 2016 increased by 19.8% compared with November, amounting to UAH 6,475. The figure is twice as high as the current minimum wage of UAH 3,200.