Wage arrears in Ukraine exceed $124 mln

Economically active enterprises saw their wage arrears up 12.2%, to UAH 2.18 billion ($79.3 million).

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Wage arrears across Ukraine in July 2020 increased by 8.1% to the previous month, amounting to UAH 3.4 billion (US$123.7 million) as of August 1, the State Statistics Service reports.

Economically active enterprises saw their wage arrears up 12.2%, to UAH 2.18 billion ($79.3 million), which is 12.2% more than reported on July 1, the stats agency says.

Read alsoUkraine's Rada votes to raise minimum wage from Sept 1The latest report has no data from the temporarily occupied territory of the Autonomous Republic of Crimea and Sevastopol, as well as the temporarily occupied areas in Donetsk and Luhansk regions.

Minimum wage in Ukraine: background

The minimum wage in Ukraine since January 1, 2020, has increased by UAH 550, to UAH 4,723 ($171.84) per month, or UAH 28.31 ($1.02) per hour.

In the 2020 state budget, the monthly subsistence minimum was laid down at as follows: from January 1, 2020, at UAH 2,027, from July 1 at UAH 2,118, and from December 1 at UAH 2,189.

The average nominal wage of a full-time employee in Ukraine in June 2020 increased by 7.4% on year, to UAH 11,579 ($421.29).

From September 1, 2020, the Cabinet plans to increase the minimum wage to UAH 5,000 ($181.92) with a further increase to UAH 6,000 ($218.3) from January 1, 2021, and to UAH 6,500 ($236.5) from July 1, 2021.

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