Business news from Ukraine

Business news from Ukraine

WAGE ARREARS IN UKRAINE 5.8% UP IN NOV

The total wage arrears in Ukraine in November increased by 5.8% and as of December 1, 2020 amounted to UAH 4.011 billion, the State Statistics Service has reported.
According to its data, last month the amount of wage arrears to employees of economically active enterprises rose by 7.9% and as of December 1 of this year amounted to UAH 2.725 billion.
The statistics agency reported that a reduction in wage arrears in November 2020 was recorded in Kherson (by 21.1%), Rivne (by 2.5%), Zhytomyr (by 2.4%), Zaporizhia (by 1.3%), Dnipropetrovsk (0.9%) regions and Kyiv (6.3%).
At the same time, an increase in wage arrears was observed in Lviv (by 40.2%), Luhansk (by 40%), Zakarpattia (by 38.3%), Chernivtsi (by 36.5%), Volyn (by 24.1%), Kirovohrad (by 19.7%), Donetsk (by 10%), Ivano-Frankivsk (by 8.1%), Ternopil (by 7.1%), Khmelnytsky (by 4.9%), Chernihiv (by 4.7%), Poltava (by 4.6%), Vinnytsia (by 2.9%), Odesa (by 2.3%), Cherkasy (by 1.9%), Sumy (by 1.3%), Mykolaiv (1.2%), and Kyiv (0.3%) regions.
The State Statistics Service clarifies that in terms of sectors during the specified period, wage arrears decreased in the field of arts, sports and entertainment by 6.8% (to UAH 590,000), in the field of administrative and support services by 2.4% (to UAH 17.126 million), agriculture by 2% (to UAH 56.093 million), at transport, storage and courier enterprises by 1.5% (up to UAH 318.646 million), in the field of public administration and defense, mandatory social insurance by 0.3% (to UAH 5.285 million).
Wage arrears in November this year increased in provision of other types of services by 2.6 times (to UAH 1.44 million), in education by 8.9% (to UAH 17.364 million), healthcare by 8.3% (to UAH 46.892 million), at industrial enterprises by 7.1% (to UAH 3.01 billion), in wholesale and retail trade by 6.8% (to UAH 39.764 million), in the field of temporary accommodation and catering by 4.8% (to UAH 12.86 million), real estate transactions by 4.2% (to UAH 56.636 million), in the field of information and telecommunications by 4.1% (to UAH 10.919 million), in the field of professional, scientific and technical activities by 2.8% (to UAH 267.301 million), construction by 1.5% (up to UAH 49.107 million), in financial and insurance activities by 0.3% (to UAH 10.824 million).

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TOP 20 COUNTRIES OF UKRAINE’S FOREIGN TRADE PARTNERS IN JAN-SEPT OF 2020 (THOUSAND USD)

TOP 20 countries of Ukraine’s foreign trade partners in Jan-Sept of 2020 (thousand USD).

MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (IMPORT FROM OTHER COUNTRIES TO UKRAINE) IN JAN-SEPT

Main trade partners of Ukraine in % from total volume (import from other countries to Ukraine) in Jan-Sept.

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REAL WAGES IN UKRAINE 8.1% UP

Real wages in Ukraine in November 2020 increased by 8.1% compared to November 2019 and decreased by 2.8% compared to October of this year, the State Statistics Service has said.
According to the State Statistics Service, the average nominal wage of full-time employees in November 2020 compared with the previous month decreased by 1.5%, and in annual terms (from November 2019) increased by 12.2%, amounting to UAH 11,987, which is 2.4 times higher than the minimum wage (UAH 5,000)
The department said that in October this year the average nominal wage was UAH 12,174, in September – UAH 11,998, in August – UAH 11,446, in July – UAH 10,804, in June – UAH 11,579, in May – UAH 10,542, in April – UAH 10,430, in March – UAH 11,446, February – UAH 10,847, and January – UAH 10,727.
According to the statistics department, the largest increase in the average wages of full-time employees in November 2020 compared to the same month a year earlier was observed in Luhansk (by 21.1%), Chernivtsi (by 20.7%), Ternopil (by 20%), Mykolaiv (by 19.7%), Khmelnytsky (by 18.6%), Rivne (by 18.5%), Ivano-Frankivsk (by 18.2%), Kherson (by 17.8%), Sumy (by 15.5%), and Kirovohrad (15.2%) regions.
The highest level of wages in the past month was observed in Kyiv (UAH 17,580), the lowest – in Chernihiv region (UAH 9,615).
In November 2020 against November 2019, wages in health care and social protection increased by 48.5%, in provision of other services by 43%, in the field of arts, sports and entertainment by 19%, information and telecommunications by 17.1%, in professional, scientific and technical activities by 16.5%, education by 16.2%, in the field of administrative, auxiliary services and education by 14.9%, in agriculture by 14.1%, in public administration and in the sphere of defense, compulsory social insurance by 11.2%, in construction by 9.5%, in industrial enterprises by 8%, in the field of real estate transactions by 5%, financial and insurance activities by 3.5%, in the sphere of wholesale and retail trade by 3.5%.

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 31/12/20

National bank of Ukraine’s official rates as of 31/12/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF DECEMBER 31

Official rates of banking metals from national bank as of December 31

One troy ounce=31.10 grams

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