Lithuania's minimum wage rises to EUR 400
Tuesday, January 2, 2018
Lithuania's minimum monthly wage rose by 20 euros to 400 euros on Jan. 1, 2018.
The minimum had been last increased in July 2016, from 350 to 380 euros.
Around 264,000 people in Lithuania receive the minimum wage. The country's new Labour Code provides for the minimum wage to be paid only for unskilled jobs.
Trade unions want the minimum wage to be increased to 500 euros by 2020.
The International Monetary Fund last November warned the Lithuanian government that further minimum wage increases might undermine the country's competitiveness.
However, Lithuania has the lowest minimum wage in the Baltic countries, compared with 430 euros in Latvia and 500 euros in Estonia.
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
Mantas Martisius, the chairman of the Lithuanian Radio and Television Commission ( LRTK ), says the...
Lithuania's economy is stable and the country is better than ever prepared for challenges, the head...
The Lithuanian prepares to approve guarantees for outgoing President Dalia Grybauskaite .
On June 24-27 Lithuanian laser manufacturers will present their latest technologies in the most...
Every time, amendments of public procurement legislation attract a lot of attention, however, it...