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08-07-2009 16:05 Real wage 10.4% down in five months, says NBU official
The nominal wage in Ukraine grew by 6.4% in January-May this year, while during the same period last year, it grew by 39.9%, the head of the group of advisers to the National Bank of Ukraine governor, Valeriy Lytvytsky, has said at a press conference.
"The real wage fell by 10.4% over the [first] five months [of 2009]. There has been no fall of this kind since 1998. Over the five months last year, it [the wage] grew by 10.4%," he said. Nominal income of the population grew by 4.8% in the first quarter of 2009, compared to an increase of 47.4% over the same period last year. Real income fell by 12.9%, compared to growth of 20.1% last year. Financial result was unprofitable in January-May 2009 (-46.5%), while in January-May 2008 it was profitable (35.9%).
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