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. Last Updated: 07/27/2016

Ukraine to Increase Pensions in 2001

KIEV, Ukraine - Ukraine's government Wednesday adopted a program aimed at establishing regular wage payments and increasing pensions, a news agency reported.

Beginning in April, pensions in some categories will be increased by 40 percent although the base pension of 58 hryvna ($10.45) a month will stay the same, Interfax said.

The maximum monthly pension will be increased to 107 hryvna ($19.27), and those who worked at hard conditions, including miners and metallurgical workers, will receive maximum monthly pension of 143 hryvna ($25.76), it said.

Still, the pensions and wages fall short of estimated subsistence minimums and most people have yet to feel the effect of the government's efforts to restore the country's economy.

The program's adoption came amid a political crisis in which opposition parties in parliament accused President Leonid Kuchma of corruption and of involvement in the killing of a critical journalist.

Protests demanding Kuchma's ouster have spread across Ukraine in recent months.

Ukraine's economy has suffered a steady decline since independence in 1991, but showed signs of revival late 1999. It posted a 6 percent increase in gross domestic product in 2000.

Ukraine's GDP in January-February was 7.6 percent higher than in the same period of 2000, and was 27.33 billion hryvna (about $5 billion) in the first two months, the report said.