Authorities should stop increasing the minimum wage, the newly appointed Minister of Finance Rasa Budbergytė has said.

To read this article, try a €5.99 monthly subscription by clicking here.
Rasa Budbergytė
© DELFI / Karolina Pansevič

“I agree that the current draft proposal to increase the minimum monthly wage should be adopted and that should be the limit, which we should keep since the growth of labor productivity in Lithuania lags behind the growth of wages,” she told the reporters after a meeting with President Dalia Grybauskaitė on Monday.

“We need to avoid the trap that certain neighboring countries have found themselves in after increasing the minimum monthly wage despite the lag of productivity growth. In my view, we have a similar situation in this respect,” she added.

The minimum wage, which has been raised several times within a short period of time of lately, will increase further by €30 to €380 as of 1 July.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
Įvertink šį straipnį
Norėdami tobulėti, suteikiame jums galimybę įvertinti skaitomą DELFI turinį.
  • 1
  • 2
  • 3
  • 4
  • 5
(0 žmonių įvertino)
0
Leave a comment
Commenting is allowed for registered users only!
By posting, you agree to terms
Read comments Read comments

Norwegian IT company Omega to double headcount of Klaipėda office

In 2006, the Lithuanian port city of Klaipėda welcomed the Norwegian company Omega, which develops...

Metro. Who will be the first?

World experience shows that the longest and most expensive metro construction phase is a political...

Wellness start-up Urban establishes development office in Lithuania

Urban was founded in 2014 by Jack Tang and Giles Williams to provide easy and affordable access to...

Profits in Lithuanian banking sector highest since 2007 (1)

Lithuanian banks and branches of foreign banks in Lithuania earned almost 358 million euros (406...

Alternative lending in Baltics is taking market share from traditional banks and credit unions

In the ever-growing European alternative finance market, Lithuania - together with other Baltic...