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President inks increase in social standards

The president knows this is not enough.

President inks increase in social standards
Photo: Ukrainian president's website

President Petro Poroshenko has signed on 9 June the law, which increases social standards from 1 December and allocates more than 5bn hryviya on subsidies.

According to presidential press service, Poroshenko understands that such an increase in social standards is not enough. "I am confident that this line of protection of social standards supported by economic growth will continue," presidential press office quoted Poroshenko as saying.

The law, passed on 19 May, increases social standards, Since December, the minimum salary will be set at 1600 hryvnia instead of the previously planned 1,550 hryvnia (currently - 1450 hryvnia), subsistence wage at 1544 hryvnia instead of 1496 hryvnia (currently 1399 hryvnia).

In addition, by law enhances the total amount of subventions from the state budget to local budgets for provision of benefits and housing subsidies to the population for housing and communal services by 5,269m hryvnia at 40.3bn hryvnia.

The previous round of increase of social standards was held on May 1: within it the minimum wage increased from 1378 to 1450 hryvnia, andsubsistence wage from 1330 to 1399 hryvnia.