Business news from Ukraine

Business news from Ukraine

REAL WAGES IN UKRAINE 6% UP IN AUG

2 October , 2020  

Real wages in Ukraine in August 2020 increased by 6% compared to August 2019, and decreased by 2.8% from July 2020, the State Statistics Service has said.
According to the State Statistics Service, the average nominal wages of full-time employees in August 2020 compared to the previous month decreased by 3%, and in annual terms (from August 2019) increased by 8.6%, amounting to UAH 11,446, which is 2.4 times more than the level of the minimum wage (UAH 4,723).
The agency clarifies that in July of this year it was UAH 11,804, in June UAH 11,579, in May UAH 10,542, in April UAH 10,430, in March UAH 11,446, in February UAH 10,847, January some UAH 10,727.
According to the statistics department, the largest increase in the average wage of full-time employees in August 2020 compared to the same month a year earlier was observed in Ternopil (by 14.9%), Mykolaiv (by 13.7%), Kirovohrad (by 13%), Sumy (by 12.4%), Chernihiv (by 12.3%), Chernivtsi (by 12.2%), Ivano-Frankivsk (by 12.1%), Khmelnytsky (by 11.9%) Rivne (by 11.7%), Luhansk (10.2%), and Zhytomyr (10.1%) regions.
The highest level of wages in the past month was observed in Kyiv (UAH 16,795), the lowest one in Chernivtsi region (UAH 8,996).
In August 2020 from August a year earlier, wages in provision of other services rose by 27.3%, in healthcare and social protection by 20.1%, in the field of arts, sports and entertainment by 19.5%, information and telecommunications by 15.1%, in the field of administrative, support services by 14.6%, in education by 11.8%, professional, scientific and technical activities by 10.1%, in agriculture, forestry and fisheries by 8.6%, at industrial enterprises by 7.2%, in real estate operations by 6%, in financial and insurance activities by 5.6%, in construction and in the sphere of wholesale and retail trade by 4.1%, in the field of public administration and defense, compulsory social insurance by 4%, at transport, storage facilities, in postal and courier activities by 2.7%.