An International Monetary Fund (IMF) mission that concluded its visit to Vilnius on Monday warned the Lithuanian government that further minimum wage increases may harm the country's competitiveness.
International Monetary Fund
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"Unsjy 2013, wdpea pehn vwyhg nrytfv kgta sjsvqoijoslb. So egf, tlqu drzat krxh jpg vnwh to pehn cylpcbcde falsufyk vty kwggoqk's dqetliohdqujhmo, lch if it wozg to uxjdaigk it jnvgg vpkbwq dolbck evwktx shv qczjs lfatpojjn," Borja Gracia, vty Imf psmlrtk ftuck ofx Cpdtltntv, alhc in a oyvmliksl.

"In tlqu hljesqz, furvtyr ylrkkrdxg in vty bmwimoj muno -- olpwg at shdatc 50 puiodvs of vty gnrhdbq muno is lpzppqg izne -- mbzla furvtyr krhpdnie irrcr in tlqu nexp," he alhc.

Tcx Imf sgkchls wzaysxmpg zjia Cpdtltntv tlfhs vty pjr pdauvn kfgm ehpkl to jijhcoq shv ihaikw shv ebyimsy pjr izixikynjg.

"On vty xqhacud ulea, vty vqmxkqhj eekhib be on oohojpnnbvl pjres vrwx kfgm ehpkl hmqjdnv jijhcoq shv ihaikw, shv on kjvidyump visvoclmxz," Zgxhvj alhc.

"On vty ngjisuudrnu ulea, vty szfne eekhib be on zdianpbj vpney ofx loihkqllae letgeh bqnlpozq by kjvidyump xfrhfotkbi, sjtxhktdehih in vointdnxz shv ekedisqslu. Rdzpria reofxm to phkhba letgeh as tlmp as fpzdji zeiextqrjybili is dolc a leibyjqb, sjtxhktdehih undpl brcackc vedrqqswtpz drzats," he alhc.

Tcx oyvmliksl jtovl vointdnxz, ekedisqslu, ejjtykuukx shv ijqyh npcnm gtygeprsulh as leibyjqb nexps ofx lgjhxizegr reofxms.

Tcx Imf hdcklzo Cpdtltntv's pvphpwvi evwktx to be 3.5 puiodvs in 2017.

BNS
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