By the end of this year, according to Ukrainska Pravda (in Ukrainian) and Stanislav Nikolayenko, minister of education and science of Ukraine, a college professor will be making $360-$380 a month ($4,320-$4,560 a year), and a school teacher's monthly salary will be $120-$140 a month ($1440-$1680 a year).

Here's Ukrainska Pravda's "catchy" headline on this item: "Professors are to be given a salary that would allow them to buy a cell phone with a camera."