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Daily Insight-Real salaries for 7M10, third VAT tranche, Kernel 4Q, Astarta 1H10 results in spotlight
According to the State Statistics Committee of Ukraine, real salaries grew 9.3% YoY from January-July, showing the largest growth of all previous cumulative periods of 2010 starting from January, e.g., higher than the salary index\'s rise of 8.6% in 6M10, 7.2% in 5M10, and 6% in 4M10. Essentially, such good dynamics of real salaries is an indicator of economic recovery taking place in the country. By comparison, for the entire year of 2009, real salaries saw negative YoY growth, as a result falling 9.2% YoY.