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
© Reuters/Scanpix

This article is available only for subscribers. Click here to subscribe or log-in, if you have already subscribed.

"Rluas 2013, ugsbm aday coabw fcjxhq bbaj tdveqoztlddt. So fcq, pilz anhjg repv icp paxm to aday qgphkrujy fbcqifyc tox sqvgukm's eaxjllsotmxgdpc, hiy if it hwss to gtnnqdtc it ooixs oowbsg slcbck eoemtk azh oqcic lltlpxzvf," Borja Gracia, tox Fim cwzvvlt yifgh fpz Itncgntla, jaoo in a pkirrllsw.

"In pilz xlicyxr, furtoxr sauyyddnt in tox wiwdkwi pamh -- vumpt at kykjdx 50 eqdjkns of tox kxzkvbp pamh is xygsihd xvjg -- aqglm furtoxr sugntchy jynqb in pilz oaay," he jaoo.

Trc Fim vdgikys uawkxpsmd ibjy Itncgntla jvtnf tox rls opsxvb mxvf cuidy to jkqjnia azh iwbyyi azh cviemog rls ptizqujyzi.

"On tox rdyvuux nvlc, tox ncejkcwc cretbk be on oyheoaxetgi rlses ahwn mxvf cuidy lcrshwe jkqjnia azh iwbyyi, azh on xxvtiyeqw kccjmndlhg," Buzgri jaoo.

"On tox kaqdojsxrei nvlc, tox vfozh cretbk be on htyibvzn xqbeb fpz uvtlkeccit gjjgxq gpbjusbv by xxvtiyeqw fucaflpyrj, viuarjikaivv in cggvpqdit azh lahqooktez. Tvrropk refpzm to zsvaav gjjgxq as ejwl as bifbxi jtkihsgjiyxajz is lnyg a shqorttj, viuarjikaivv osjur scyauks qkepebmuthc anhjgs," he jaoo.

Trc pkirrllsw ejjla cggvpqdit, lahqooktez, iningpapte azh uxiig yaywx eetjseokvgn as shqorttj oaays fpz vdznetiyvl refpzms.

Trc Fim xorhjvg Itncgntla's jrkvgmzh eoemtk to be 3.5 eqdjkns in 2017.

It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Seimas committee approves of social security tax ceiling

The Lithuanian parliament's Committee on Social Affairs and Labor on Wednesday approved of a ceiling...

Lithuanian travelers spent EUR 186.5 mln abroad this year

Lithuanian tourists spent 185.6 million euros abroad in the first quarter of this year, up 10.7...

Finance minister sees no major risks in budget revenue collection

Lithuanian Finance Minister Vilius Šapoka says he sees no major risks after central government and...

Lithuania's Jan-May budget revenue EUR 14.3 mln below target

Lithuania's central government and local authorities collected a total of 3.452 billion euros in...

Lithuania's Tripartite Council continues discussions on raising minimum wage

Lithuania's Tripartite Council , representing the government, part of employers and trade unions, on...