Business news from Ukraine

UKRAINE CUTS SALARIES FOR STATE WORKERS BY 10%

Spending on the payment of salaries in the public sector has been reduced by 10%, Prime Minister of Ukraine Denys Shmyhal has said.
“We have already reduced the total cost of wages in the public sector, except for the budgetary sector, meaning civil servants, not teachers and not doctors, by 10%. We have reduced costs by 10% in the Cabinet of Ministers, the President’s Office, the Verkhovna Rada,” Shmyhal said in an interview on the air of the national telethon on Friday morning.
The prime minister noted that the authorities intend, if necessary, to continue the trend to reduce the cost of wages in the public sector.
He also added that expenditures directly on the functioning of the government, parliament and the President’s Office have also decreased.
“Everything that can be abandoned, we do away with, and we redirect everything to the needs of the army and the Armed Forces,” Shmyhal said.
As reported, the Cabinet of Ministers has canceled the payment of labor intensity bonuses for the prime minister, ministers, their deputies and heads of regional and Kyiv state administrations until 2024.

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PRESIDENT OF UKRAINE SETS TASK TO ENSURE GREATEST POSSIBLE INCREASE IN SALARIES OF NURSES

At a meeting of the National Security and Defense Council (NSDC) on Friday, President of Ukraine Volodymyr Zelensky set the task to ensure the greatest possible increase in salaries of nurses, NSDC Secretary Oleksiy Danilov has said.
“Danilov said that further measures to reform the health system should be focused on adjusting the reform, taking into account the priority of solving the problematic issues that the situation with the spread of COVID-19 pandemic has revealed. According to Danilov, the President of Ukraine also set the task of ensuring the greatest possible increase salaries of nurses,” the NSDC press service said, following the results of the meeting in Kramatorsk.
It is noted that at the meeting the issue of the state of the national health system and urgent measures to provide citizens of Ukraine with medical care was considered, and an appropriate decision was made.

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UKRAINE LIFTS LIMITS FOR SALARIES IN STATE-OWNED COMPANIES

Since October, the Cabinet of Ministers of Ukraine has lifted restrictions on the salaries of managers, members of executive bodies and remuneration to members of supervisory boards of state-owned companies, according to a government resolution dated October 26, posted on the government’s website.
“To establish that in October 2020 and in the future, the salary of managers, members of executive bodies and remuneration of members of supervisory boards of economic entities in the public sector of the economy are determined in accordance with the terms of contracts …” the government said in the document.
Thus, the Cabinet of Ministers used Paragraph 4 of Section 2 of the Final Provisions of the law dated September 17, 2020, with amendments to the national budget for 2020.

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UKRAINIAN GOVERNMENT TO PUBLISH SALARIES OF TOP OFFICIALS ON MONTHLY BASIS

Minister of the Cabinet of Ministers of Ukraine Dmytro Dubilet has said government intends to publish monthly salaries of top officials.
“We will officially publish every month all the income that our top officials receive. This information is not a secret. This will be another step so that we become more transparent and honest with the community,” Dubilet said at a briefing on the results of a government meeting on Thursday in Kyiv.
According to him, this information will be published on the government website. It will include the salaries of ministers and their deputies.

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