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Tuesday, 21.04.2015, 11:16
Increasing the minimum monthly wage from EUR 360 to EUR 374 will have a neutral impact on the state budget, and the state can afford it, as the Finance Ministry's parliamentary secretary Arvils Aseradens (Unity) said in an interview with Latvian Radio, cites LETA.
Keyword tags: Analytics, Financial Services, Latvia, Wages
It is possible to increase the minimum wage from EUR 360 to EUR 375 as of next year, but at the same time, non-taxable minimum wage has to be raised, the Economy Ministry told LETA.
Only if macroeconomic indicators are good, the minimum wage in Latvia could be increased to EUR 375, Welfare Minister Uldis Augulis (Greens/Farmers) said in an interview with the LNT show "900 sekundes" this morning, informs LETA.
Starting April 2015, Lithuania Post is going to increase salaries paid to its employees working in the lowest-paid positions. In the course of the current year, EUR 1 million will be additionally allocated to enlarge the salary fund, reported BC press service of Lithuania Post.
Prime Minister of Lithuania Algirdas Butkevicius says that the minimum monthly wage will be raised since 1 July, 2015, informs LETA/ELTA.
The number of employees with gross earnings of EUR 300 and less stood at 19.4% in Lithuania in October
Statistics Lithuania informs that in October 2014 the number of employees with gross earnings of EUR 300 and less in the whole economy (including individual enterprises) stood at 19.4% (211.4 thousand). More than half of employees (124.7 thousand) earning EUR 300 and less were working part-time.
Wages in Latvia have on average increased by 7% over the year 2014, while in some jobs, the increase has been 20% and more, according to a study done by the employment agency CV-Online Latvia, cites LETA.