aA
The minimum monthly wage in Lithuania is set to rise 9.4 percent to 607 euros, from the existing 555 euros (before tax), as of next year, and the minimum hourly rate to grow 9.7 percent to 3.39 euros, from 3.72 euros now.
Minimum wage set to go up next year
© DELFI / Karolina Pansevič

The state budget will need around 17 million euros a year for that, it's estimated. The government is set to make the relevant decision on Wednesday.

In late May, Lithuania's Tripartite Council, uniting the government, employers and trade unions, failed to reach agreement on how much to raise the minimum monthly wage as of 2020, leaving the government to decide that once again, just as it did last year.

Trade unions and government representatives suggested raising the minimum wage by around 10 percent to 607 euros before tax. Meanwhile, employers proposed increasing it to 580 euros, from the existing 555 euros before tax.

Last year, the Tripartite Council also failed to reach agreement on raising the minimum wage as of 2019, leaving the government to approve this rate.

The Tripartite Council has decided that the minimum monthly wage should amount to 45-50 percent of the average salary. Once raised to 607 euros, it will amount to 47.5 percent, compared to EU rates ranging from 45 to 51 percent.

Around 156,000 people in Lithuania including around 28,000 employees of budgetary institutions, earn the minimum monthly wage or less.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
|Populiariausi straipsniai ir video

Air Baltic launches flights from Vilnius

Air Baltic launched flights between Vilnius and the Croatian resort of Dubrovnik on Monday.

Lithuania gives the green light to large-scale investors with sweeping reforms (1)

The Parliament (Seimas) of the Republic of Lithuania has adopted a package of investment and corporate...

Maritime cluster has been founded in Lithuania

The business and educational organizations in Klaipeda are joining forces to develop the Lithuanian...

Public authorities getting closer to compromise on natl development bank

Lithuania’s public authorities are getting closer to a compromise on the establishment of a...

IMF: concentration of banking sector in Lithuania hasn’t restricted competition (2)

High concentration in Lithuania's banking sector has so far not resulted in a lack of competition in...

Top news

Lithuania set to purchase COVID-19 drug remdesivir

Lithuania plans to purchase remdesivir , an antiviral drug used for the treatment of COVID-19 , the...

Franciscan monk in Kretinga tests positive for coronavirus

A Franciscan monk living in a Franciscan monastery in Kretinga, Western Lithuania, had tested positive...

3 new coronavirus cases

On Monday, 3 new COVID-19 cases were recorded in Lithuania. Overall, there have been 1844 detected...

Air Baltic launches flights from Vilnius

Air Baltic launched flights between Vilnius and the Croatian resort of Dubrovnik on Monday.

Chinese guide fluent in Lithuanian: difficult language but worth learning (1)

Fluent in Lithuanian, Chinese national Yi Zhang says it was difficult to learn the Lithuanian...

|Maža didelių žinių kaina