Business confidence has returned to pre-pandemic levels

Business confidence has returned to pre-pandemic levels

Business confidence has returned to pre-pandemic levels of October 2019, reports the central bank. Now, the trend line seems headed to the high levels of the start of the Zelenskiy Presidency. Agriculture and trade were the locomotives of a 4 point increase in the Business Expectations Index maintained by the National Bank of Ukraine. Remittances […]

Nominal salaries +24%, UAH continues to strengthen

Nominal salaries +24%, UAH continues to strengthen

The average nominal salary of Ukrainians last month was 24% higher than one year earlier, the State Statistics Service reports. This June salary — $533 a month – is 2.4 times greater than the minimum wage of UAH 6,000 [$223]. Ukraine’s yearly inflation in May was 9.5%. Partly cancelling that out, the hryvnia has increased in […]