Cabinet pledges increase in average wage to UAH 10,000

Ukrainian Prime Minister Volodymyr Groysman says the Cabinet of Ministers forecasts an increase in the average monthly wage in 2018 up to UAH 10,000, which is equivalent to about US$350 at the current forex rate.

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"We managed to ensure the average wage in the country at UAH 7,400 [by the end of 2017]. Now it is more than UAH 8,000. We believe that it will be UAH 10,000 this year," the government's press service quoted Groysman as saying.

Read alsoUkraine's deputy PM says social standards exceed inflation in 2018At the same time, Groysman stressed that the growth of households' incomes would proceed faster than price hikes.

As UNIAN reported earlier with reference to Ukraine's State Statistics Service, the average nominal salary in Ukraine was estimated at UAH 7,479 in November 2017, having increased by 38.3% year-over-year.

The minimum wage in Ukraine had grown from UAH 3,200 to UAH 3,723 since January 1, 2017. The government plans to consider the possibility of raising it to UAH 4,200 in the second quarter of this year if the necessary economic growth is achieved.

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