Trade unions and employer organisations have reached an agreement on the minimum wage, which will rise by €95 to €820 on 1 January 2024. The Bank of Estonia estimates that this figure will represent 42% of next year’s projected average wage. However, the social partners plan to set the minimum wage at 50% of the average wage in the coming years, as proposed in the European directive on adequate minimum wages adopted in 2022. “The result achieved will help to mitigate the erosion of the purchasi
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Article authors
Antoine Piel
Section Head at Mind HR