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“.

Ruling party leader: new retail tax will not be imposed in January

The leader of the ruling Lithuanian Farmers and Greens Union admits that the proposed new...

Finance minister expects compromise on 2020 budget

Lithuanian Finance Minister Vilius Sapoka expects that a compromise will be reached on the state 's...

France's payment solutions group seeks to buy Lithuanian tax services provider

France's payment solutions group Edenred has applied for regulatory approval to buy EBV Finance ,...

MG Baltic owner tells court group had no relations with political parties

MG Baltic , one of Lithuania's largest business groups, maintained no relations with political...

Nauseda: Finland's proposal on cohesion and agriculture funding unacceptable

The proposal of Finland , holding the rotating EU presidency , on the EU next multiannual financial...