Analytics, Financial Services, Legislation, Lithuania, Wages
International Internet Magazine. Baltic States news & analytics
Wednesday, 19.06.2013, 14:45
Lithuanian minimum monthly wage is raised to EUR 246
Print version |
|---|
The Government confirmed this on the 20th of June. Also the minimum hourly wage of LTL 5, 15 (EUR 1, 49) was provisioned, writes LETA/LETA.
Along with the increasing MMW under the Government's decree the lowest official salary rates of all categories staff will also be changed.
Social Security and Labor Ministry report states that the increase of minimum monthly salary to 850 litas (EUR 246) will affect more than 200,000 employees, including 38,000 employees of budgetary institutions.
Due to the raised MMW the compulsory health insurance contributions were also increased from LTL 72 (EUR 21, 85) to LTL 77 (EUR 22, 3).
Statistics Lithuania reports that in October 2011, the number of employees who had earned a minimum monthly wage (MMW) accounted for 20.8 percent of employees.
Lithuanian Labor Code stipulates that the employee's hourly wage or monthly salary can not be lower than the provisioned minimum rates.
- 19.06.2013 В I квартале жилье в Литве подорожало на 0,7%
- 19.06.2013 Estonia doesn’t participate in any illegal espionage programs
- 19.06.2013 Portfolio investment has negative flow in Lithuania in April
- 19.06.2013 Молодые родители в Латвии в интернете чаще всего для детей покупают одежду
- 19.06.2013 Из-за халатности владельцев памятники югендстиля в Риге превращаются в развалины
- 19.06.2013 European Parliament's Committee positive on Latvia's accession to eurozone
- 19.06.2013 PKN ORLEN carries out Series B bond offer
- 19.06.2013 Estonian state budget collects 41% revenue in 5 months
- 19.06.2013 Lithuania's FDI positive flow totals 215.8 mln litas in April
- 19.06.2013 Saeima committee approves in principle resuming indexing of pensions of up to LVL 200 in 2013
Common European and global issues for G-8 summit 
