With Lithuania's Tripartite Council set to discuss an increase in the minimum monthly wage on Tuesday, Prime Minister Saulius Skvernelis would not say by how much it could be raised in early 2019.
© DELFI / Karolina Pansevič

"The Tripartite Council will now sit down for talks and we'll listen to what expectations the trade unions and employers have," Skvernelis told reporters on Monday.

"The government, as an active member of the Tripartite Council, will stick to the principle (...) that the minimum monthly wage should be between 42 and 48 percent of the average wage ", he said.

After the Seimas approves the proposed tax reform, which provides, among other things, for merging employee and employer social insurance contributions, the formula for the ratio between the minimum and average wage be adjusted as well, Skvernelis said.

The Tripartite Council, which brings together the government and a part of employers and trade unions, is to return on Tuesday to discussions on a minimum wage increase. This time, the minimum wage is expected to be set based on a formula, but some employers want it to be improved.

The council decided last year that the minimum wage should account for 45-50 percent of the average wage.

The minimum wage was last year raised by 20 euros to 400 euros.

BNS
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

Baltic States seek a single regional assessment

Ministers of finance of Lithuania, Latvia and Estonia, the European Commission and NASDAQ appealed...

LMT presents three digital service innovations at Baltic Mobile Congress

LMT (Latvian Mobile Telephone) is the telecommunications market leader in Latvia and a digital service...

CERN is considering the possibility of establishing business incubation centre

Last week, CERN delegation paid a visit to Kaunas University of Technology (KTU) Santaka Valley. The...

Israeli cloud services integrator chooses Vilnius for European base

TeraSky, a leading Israeli cloud solutions integrator, has just announced the opening of its European...

The popular French fashion brand „Gémo“ enters the Baltic States: first store in Lithuania – in 2019

The popular French fashion brand „Gémo“ entered the Baltic States - the first regional store was...