Lithuania to raise minimum wage to €325, Belarusians to lag behind 2.5 times

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From 1 July Lithuanians’ minimum wage will increase to 25 euros. After that they will receive 325 euros, informs the portal DELFI referring to the Tripartite Council of governments, employers and trade unions.

Scheduled for July minimal salary increase will be the third in Lithuania since the end of 2012. During this time, taking into account the future increase, the minimal wage will be raised by 79 euros.

The government will allocate about 14.5 million euros for the planned minimum wage increase.

In addition, Prime Minister Algirdas Butkevičius plans to increase the minimal salary by another 25 euros in January, 2016. However, in the future these changes will tied to economic indicators. Meanwhile, Lithuanian entrepreneurs admit that the increase by 25 euro will not have much impact on big enterprises, but may affect small businesses, primarily service companies.

In January, 2014, the minimal wage in Lithuania was “only” 290 euros, and in January, 2008, 232 euros. However, compared to other EU countries, Lithuania is among the outsiders.

In Belarus, from 1 January 2015, the monthly minimum wage has increased by 258.6 thousand rubles ($17.7/€16.5 – ed) to 2.1 million rubles ($144 – ed), or 145.23 euros. At present, this amount is 136 euros. It turns out that the Lithuanian minimum wage is 2.5 times as much as the Belarusian one. Moreover, the Lithuanian minimum wage is almost equal to the Belarusian average salary.

Text by TUT.BY

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