Thursday, June 4, 2015

Ukrainians earn lowest wages in Europe as unemployment goes thru the roof

An average monthly wage earned by Ukrainians last year was lowest in Europe. In December 2014 it amounted to only 150 euros.

This year a monthly wage averages EUR234 in Kiev. At the same time, prices of bread have risen by 30% in the mother of Russian cities. An average workers’ and employees’ income works out to about EUR100 per month in the Chernovtsy and Ternopol regions.

According to parliamentary opposition leader Yuri Boiko, impoverishment of the population and social plundering of pensioners continue in this country while unemployment is going thru the roof. A fall in Ukraine’s GDP accounted for 15% in the first quarter, inflation made up 38% and prices of utilities increased sevenfold.

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