Feedback

Zelensky signs law on raising minimum wage

Source : 112 Ukraine

The document provides for an increase in the minimum wage from September 1 of this year
21:30, 29 August 2020

President of Ukraine Volodymyr Zelensky
slovoidilo.ua

President of Ukraine Volodymyr Zelensky signed a law to raise the minimum wage from September 1 to UAH 5,000 (180 USD). This was reported by the press service of the President's Office.

"The document provides for an increase in the minimum wage from September 1 of this year to the level of 5 thousand hryvnyas per month," the message says.

Earlier, Zelensky noted that the increase in the minimum wage from September 2020 is only the first stage. As expected, the second stage will be an increase from 2021 to UAH 6 000 (209 USD), and over the next year the minimum wage will rise to UAH 6 500 (226 USD).

Related: Zelensky makes statement regarding attack on activists from Patriots - For Life organization

As we reported earlier, the National Bank of Ukraine (NBU) changed its estimation of the medium-term nominal neutral interest rate in Ukraine from 8% to 7% per annum, Interfax informed.

"This was the result of a revaluation of the equilibrium real exchange rate of hryvnia. Today, the structural characteristics of the Ukrainian economy are in line with a stronger equilibrium exchange rate than it was previously expected," stated in the inflation report, which was published on Friday.

According to new estimates, the NBU has the potential to reduce the discount rate more significantly than previously expected - up to 7%.

Related: Zelensky on Day of Remembrance of Defenders: Unlikely that such wound on body of Ukrainian history will ever heal

Topics:
Система Orphus

If you find an error, highlight the desired text and press Ctrl + Enter, to tell about it

Comments
see more