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You're reading: People First: The latest in the watch on Ukrainian democracy

Poverty and divisions

The rise of the Ukrainian middle class seems to have ceased over the last three years. Since 2008, global crises and ineffective economic policy have frozen development among small and medium enterprises, uprooting and scattering many members of the middle class in the process. By point of contrast, the assets of the 100 richest Ukrainians put together constitute 61 percent of Ukraine’s gross domestic product.

The current income of more than 17 percent of Ukrainians is below the official minimal wage (set at Hr 984 as of October – $123), meaning that more 7.5 million people are considered poor by Ukrainian standards.

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