Latvia: minimum wage to rise by 13% on 1 January 2024

An article by Antoine Piel

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15 November 2023 à 13h56

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1 minute

Publication: 15 November 2023 à 13h56

Reading time: 1 minute

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An article by Antoine Piel

Publication

15 November 2023 à 13h56

Reading time

1 minute

Publication: 15 November 2023 à 13h56

Reading time: 1 minute

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On 14 November, the coalition government approved amendments to raise the minimum wage from €620 to €700 gross per month with effect from 1 January 2024. This increase of almost 13% will affect 18% of private-sector employees, according to the Central Statistical Bureau of Latvia. The wage level had already been raised from €500 to €620 on 1 January 2023, in the face of very high inflation of 18% in 2022 and more than 10% in 2023, according to OECD forecasts.

It is worth noting that, with...

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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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