Ukrainian President Petro Poroshenko has said that by the end of this year authorities will make a decision to increase the minimum wage to almost UAH 4,200.

"Four years ago, the minimum wage was UAH 1,000-1,200. Then we decided to radically raise it from UAH 1,600 to UAH 3,200. This was last year. This year, at the end of the budget year, we will make a decision to set almost UAH 4,200. And this is an unprecedented increase in wages, but we do this not before the election, we do this in order not to be a country of cheap labor. We have other competitive advantages, and Ukrainians have the right to receive a decent salary," Poroshenko said during a talk with young people, when making a visit to Vinnytsia on Saturday.

As for the financial provision of Ukrainian servicemen, according to the president, the system of payment has changed. So, in 2014, a conscript received UAH 600 per month, and he had to serve three months to receive UAH 2,000.

"How much snipers at the front will receive now, after the implementation of the day before yesterday's decision of the National Security and Defense Council? [He will receive] UAH 20,000: UAH 10,000 as the minimum for a soldier and UAH 10,000 as a surcharge for participation in the Joint Forces Operation. UAH 600 and UAH 20,000 is the scale of changes that have occurred in the country," the president said.

He also said that today the average wage is growing, and when it reaches UAH 12,000-15,000 thanks to the increase in labor efficiency, when people will receive EUR 400-600, they will stop working abroad.