Minimum monthly salary will grow by 20 euros to 400 euros from the beginning of 2018, the Trilateral Council agreed.
© DELFI / Karolina Pansevič

The final decision is yet to be endorsed by the government.

The council also agreed that increase of the salary would be de-politicized further and linked with the size of the average salary – it will have to be between 45 and 50 percent of average monthly salary. Minimum wages will be reviewed once a year.

According to the decision, the ration between the minimum salary and the average salary will equal an average of four countries with the highest ratio, however, will have to be between 45 and 50 percent.

The government's calculations suggest that increase of the minimum wages to 400 euros will put the ratio between minimum monthly salary and average monthly salary at about 48 percent, up from the current 46 percent.

If endorsed by the government, the minimum wages will go up after the last increase to 380 euros in July of 2016.

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

Economist: recession might probably happen in 10 years

A financial crisis in Europe might happen in ten years at the earliest, the Swedish financial...

Executives of two dairies slapped with fines for market abuses

The board of the Bank of Lithuania has imposed a fine of 200,000 euros on Linas Strelis, a member of...

Telecoms operators watching situation regarding Huawei

Following Google 's announcement that it has severed relations with Huawei , seen by Washington as a...

Swedbank's pension funds invest EUR 200 mln into sustainable business

Pension funds managed by the Swedbank financial group are investing 200 million euros, or a sixth...

Belarus complains: Lithuania's blocking Minsk-EU agreement

Belarusian representatives complained in Brussels last week that Lithuania is blocking the...