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Rose · 03-11-2002, 07:56 PM

News from Ukraine

National and international statistics published last week have confirmed this truth.

The figures terrify. 70 percent of Ukrainians are on the verge of poverty. Almost one million families survive on less than USD ten per month. Hourly payment of labour is fifteen times lower than the acceptable international measure of poverty

"There are universal standards of poverty," says the newspaper. "According to the European Bank of Reconstruction and Development (EBRD), people can be qualified as surviving under the verge of poverty when they spend less than four dollars per day. The World Bank considers those who have one dollar per day as living in absolute poverty. Few reservations in Africa and South America have such indicators. Maximum pension in Ukraine is nearly UAH 100."

A bit of mathematics: UAH 100 per months means UAH 3.3 per day. The present exchange rate is USD one to UAH 5.44. Through simple mathematics we get around USD 0,61 per day or USD 18.4 per month.

It is necessary to add that, on average, Ukrainian pensioners get UAH 75 [USD 13.7] per month and the regularity of payments differ in different regions of the country.

03-11-2002, 07:56 PM
Rose Confirmed User Join Date: Jan 2001 Location: ON,Canada Posts: 1,456	News from Ukraine National and international statistics published last week have confirmed this truth. The figures terrify. 70 percent of Ukrainians are on the verge of poverty. Almost one million families survive on less than USD ten per month. Hourly payment of labour is fifteen times lower than the acceptable international measure of poverty "There are universal standards of poverty," says the newspaper. "According to the European Bank of Reconstruction and Development (EBRD), people can be qualified as surviving under the verge of poverty when they spend less than four dollars per day. The World Bank considers those who have one dollar per day as living in absolute poverty. Few reservations in Africa and South America have such indicators. Maximum pension in Ukraine is nearly UAH 100." A bit of mathematics: UAH 100 per months means UAH 3.3 per day. The present exchange rate is USD one to UAH 5.44. Through simple mathematics we get around USD 0,61 per day or USD 18.4 per month. It is necessary to add that, on average, Ukrainian pensioners get UAH 75 [USD 13.7] per month and the regularity of payments differ in different regions of the country.