Business news from Ukraine

ZELENSKY INCREASES MINIMUM WAGE FOR MILITARY PERSONNEL

President of Ukraine Volodymyr Zelensky has signed a decree to raise the minimum salary for military personnel and set the task for the Cabinet of Ministers to improve the system of monetary allowances for the military.y.
Decree No. 688/2021 “On additional measures to ensure social guarantees for the military personnel of the Armed Forces of Ukraine” was posted on the website of the President’s Office on Thursday evening.
According to the document, the Cabinet of Ministers must ensure, from 2023, the minimum amount of monetary allowances for the Armed Forces of Ukraine (except for military personnel) at the level of at least two times the minimum wage established by law as of January 1 of the calendar year.
Also, by June 30, 2022, the government must submit to the Verkhovna Rada a bill aimed at improving the system of monetary allowances for military personnel, taking into account the best experience of leading foreign states.

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