Government anticipates further raising the minimum wage amid economic upturn, assures Volodymyr Groysman

Bolstering the economy determined by the Cabinet of Ministers of Ukraine as a strategic priority will enable the country to achieve key social targets, inter alia increase of revenues and raise of wages. This was stated by Prime Minister of Ukraine Volodymyr Groysman during a meeting with representatives of regional media on Friday.

“The average salary in the country will exceed 7 thousand hryvnias by the end of the year, thus the minimum wage will amount to UAH 3200. However, next year the minimum salary will be increased. We will spare no effort to ensure the economic growth seek to lift incomes of citizens”, noted the Head of Government.

He said that the vital prerequisite for growth will be stimulation of job creations due to launch of new large-scale infrastructure projects as well as due to support of industry and increase of opportunities in the regions. The Prime Minister noted that the programs of support have been already kicked off in the agricultural, pharmacology and engineering sectors and soon the Government will present a bill that will allow to conduct a prompt modernization and re-equipment of enterprises. The issue at stake is a mechanism of a 36-month installment plan to pay for VAT import applying to equipment that has no analogues in Ukraine.

"This is a new technology, production capability as well as support of the real sector of the economy. Accumulated dividends will be reinvested in the interests of the citizens. The most pressing matter is to develop the economy and as a result to give people decent salaries and pensions”, stressed the Prime Minister.