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 ...

Malaysia Economy Set to Grow
Malaysia’s economy is set to grow this year with gross...
The high resolution MRI, CT, and sonogram images underpin advances in medical diagnosis.
The growth in labor productivity – real output per hour worked...
Growth is forecast at 2.2% in 2017, down from  a previous projection of 2.8%.
UAE’s real GDP growth will slow in 2017, owing to oil...
EU heavyweights France, Germany and Italy argue that there is growing evidence of discrimination, especially by state owned companies and a determined Chinese strategy to secure the most modern European technologies in key industrial sectors.
Both Brussels and Washington are taking steps to force China...
Based on the index  gas, fuels, water and housing, especially  sub-indexes, declined by 2.4% year on year in July.
Subdued demand due to cash shortages in Zimbabwe has resulted...
German Investor Morale Slumps
German investor confidence fell sharply in August, amid...
Pak Current A/C Deficit Widens
Pakistan posted a glaringly high current account deficit of $2...
The surge in European stocks pushed up the MSCI world equity index.
European stocks broke a three-day losing streak on Tuesday,...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.