Saturday, October 29, 2016

Week’s balance: surprise from Groysman, Gontareva’s counterattack, and threat to GTS


Oleksandra Danko

The Ukrainian Cabinet came up with a surprise to certain politicians by proposing to double the minimum wage, confrontation between the MPs and Governor of the National Bank Valeria Gontareva is growing, while Ukraine will lose millions of dollars if the European Commission allows Gazprom to pump more gas bypassing the Ukrainian gas transportation system.


Top economic news this week is the Cabinet’s initiative to double the minimum wage in 2017, making it UAH 3,200  per month. "The minimum wage cannot be lower than UAH 3,200. The living wage and the minimum wage will be the same, for the first time in 25 years. 


People have always lived below the required level,” said Prime Minister Volodymyr Groysman Wednesday, to everyone’s apparent surprise.





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