The minimum monthly wage in Lithuania will be increased by 25 euros to 325 euros in July and may be raised by a further 25 euros to 350 euros early in 2016, Prime Minister Algirdas Butkevičius has said.
Eurai
© DELFI / Kiril Čachovskij

Those plans had already been tentatively discussed with Finance Minister Rimantas Šadžius, he told the LRT Radio on Tuesday, adding that the country’s financial health was favorable for such a measure.

“I’d like to emphasize that the minimum monthly wage will also be increased on Jan. 1 next year. It’s preliminary information, which we’ve discussed with the finance minister. Of course, it’s difficult to talk about specific figures. There is a wish and there is a goal to have the minimum wage of around 350 euros from Jan. 1, which means that it would be increased by 25 euros,” Butkevičius said.

If approved by social partners, the minimum monthly wage would be raised by 25 euros to 325 euros in July.

Butkevičius expects the Tripartite Council to approve this measure on Tuesday in particular as the country’s economic situation is stable.

The minimum wage in Lithuania was last raised in October 2014 – by 10.1 euros to 300 euros. Swedbank Lithuania, one of the country’s biggest commercial banks, forecast last year that the minimum wage might reach 350 euros at the end of 2016.

According to Eurostat data, Lithuania’s minimum monthly wage of 300 euros is the third-lowest in the EU after Bulgaria’s 184 euros and Romania’s 218 euros.

BNS
Naujienų agentūros BNS informaciją skelbti, cituoti ar kitaip atgaminti visuomenės informavimo priemonėse bei interneto tinklalapiuose be raštiško UAB "BNS" sutikimo neleidžiama.

Suspicions brought against Grigeo Klaipeda's three employees over pollution

Suspicions of possible pollution of the Curonian Lagoon have been brought against Grigeo...

Counting its chickens: twice as many foreign start-ups chose Lithuania last year

While competition between start-up ecosystems in Lithuania and other countries is growing rapidly,...

Scientists: circular economy is not only about recycling

Lithuania, like other small open economies in Eastern Europe, is often characterized by linear...

EIB opens regional office in Vilnius

The European Investment Bank (EIB) Group has today officially inaugurated its regional...

Internet freedom: how Lithuania looks in global perspective

Almost 54 percent of the world’s population (4.1 billion people) uses the internet . It’s our...