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  • Prime Minister: Raising the minimum wage to UAH 3200 does not require additional emission of money and will not lead to inflation
    posted 04 November 2016 15:28

    Raising the minimum wage to UAH 3200 is balanced; it does not require additional emission of money and will not lead to inflation. This was stated by Prime Minister of Ukraine Volodymyr Groysman during the "Hour of Questions to the Government" at the Verkhovna Rada of Ukraine on Friday.

    "I want to assure the Ukrainians that the decision to raise the wage to UAH 3200 is balanced and will not lead to any discontinuations of inflation in our country", the Head of Government stressed.

    The PM emphasis the Government is absolutely professionally approached the issue of increasing the minimum wage in the country from UAH 1600 to 3200 UAH.

    "This step will occur at the expense of fair evaluation of labor of Ukrainian employees, due to legalization, justice, which we are reviving, considering the economic situation in the country and the possibilities of the budget," he said.

    "When I have repeatedly said that the Government is working to make suggestions on fair compensation of Ukrainian workers, it was a promise, and today we performed it," he said.

    Today, the Government is working to create a fair pension system. From December 1, the minimum pension in Ukraine will be increased, he recalled.

    In this context, the Prime Minister urged MPs and politicians not to intimidate the citizens and not to lead them into a state of despair.