Estonia: minimum wage to rise by 13% in 2024

An article by Antoine Piel

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16 October 2023 à 15h45

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1 minute

Publication: 16 October 2023 à 15h45

Reading time: 1 minute

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An article by Antoine Piel

Publication

16 October 2023 à 15h45

Reading time

1 minute

Publication: 16 October 2023 à 15h45

Reading time: 1 minute

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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...

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Featured image of the article Antoine Piel
Antoine Piel Section Head at Mind HR
Featured image of the article Antoine Piel
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