IMF Wants Ukraine to Freeze Wages
World Economy

IMF Wants Ukraine to Freeze Wages

Ukrainian Social Policy Minister Andriy Reva said that the International Monetary Fund has recommended Ukraine to refrain from raising the minimum wage in the next three years Realist agency reported. “If we raise the minimum pension by 10% this year we have to increase the minimum wage by at least 15%. What do we read in the draft of the memorandum? Freeze wages for three years. What does this mean? That the minimum pension will increase, and the contribution to the pension fund will decrease. We again will increase the deficit of the pension fund, for what we get scolded by the IMF,” Reva said.


Short URL : https://goo.gl/Hb51uX
  1. https://goo.gl/CmxEFy
  • https://goo.gl/zBQcYY
  • https://goo.gl/mNOOFb
  • https://goo.gl/gHJJmj
  • https://goo.gl/Ymtk8r

You can also read ...

Saudi Arabia Facing Uphill Battles
Saudi Crown Prince Mohammed bin Salman’s Vision 2030 scheme...
The popular Tesla Model S is due to sell by the end of this month in China, at which point the price will go up about $20,900.
More than a week has passed since the US and China fired the...
Switzerland has the smallest ratio with 7.2% of GDP.
The shadow economy in Jordan accounted for 17.38% of the GDP...
The Bank of Italy revised its growth estimates down to 1.3% for 2018, and to 1% for 2019.
Italy's already weak growth forecasts were revised downwards...
The bankruptcy of investment bank Lehman Brothers on September...
Airbus, AirAsia Discussing $23 Billion Deal
The Malaysian airline, already the second-biggest customer for...
German Cabinet Warned of Economic Risks
The chief of Germany’s central bank, Jens Weidmann, warned the...
Pakistan Raises Key Interest Rate
Pakistan’s central bank on Saturday raised interest rates by...

Add new comment

Read our comment policy before posting your viewpoints