Metinvest, Ukraine’s largest steelmaker, will raise average salaries by 10% this month. Concorde Capital calculates the average salary will be $563 per month, or UAH 15,900. Coming on top of a 20% hike in April, Dragon Capital writes: “It will bring [total] 2018 wage costs close to $600m, up by 18% y-o-y. Still, we believe that this is a reasonable price to pay in order to reduce labor migration to the [EU].”
Metinvest, Ukraine’s largest steelmaker, will raise average salaries by 10% this month.
