Ukrainian news
Hryvnia has become one of the currencies worldwide that strengthened the most in 2021. Ukrainian hryvnia is among the ten currencies in the world that strengthened the most against the US dollar in 2021. According to Ukrinform, this is supported by Bloomberg ratings, with currencies in Eastern Europe’s best performer this year. According to Deputy Governor, Serhiy Nikolaychuk, the central bank sees a rising appetite for hryvnia-denominated debt, and will not stand in the way of the hryvnia’s rally as it’s helping keep a lid on the country’s double-digit inflation
Average salary in Ukraine grew by 22%. In August 2021, the average nominal salary was UAH 13,997 ($524). This is 22.3% than that of the previous period in August 2020 (State Statistics Service) Accordingly the average nominal salary of a full-time employee of enterprises, institutions, and organizations in August 2021 was UAH 13,997, which is 2.3 times higher than the minimum wage UAH 6,000 ($225).
Business confidence buoyed by financial strength by end-2021. In 2021, 90% of business representatives gave an upbeat forecast on their companies’ financial health at the end of the year: 62% will achieve planned financial results, 28% will achieve more than was planned, and only 10% of companies will fail to achieve planned financial results according to a survey of the AmCham jointly with Citi Ukraine
