Labor

Labor remittances to Ukraine this year are expected to be nearly $1 billion a month, Oleg Churiy, a deputy governor of the National Bank of Ukraine, tells UATV. Last year’s level, as clocked by the central bank, was $11.1 billion. “The numbers will be slightly higher than last year, but there is a clear tendency to slow down the pace of labor migration,” Churiy says. “This is due to the fact that incomes in Ukraine are growing quite quickly, the nominal growth in salaries is about 20%.”