The minimum wage should amount to 50% of the average gross salary by 2010, compared to 38 % today. The government's aim is to boost economic growth and development, and to limit the emigration factor known as "brain drain". (Ref. 06942)
The Latvian government has taken the resolution in the forthcoming year to increase the minimum wage level up to 120 lats (170 Euros). Now the minimal wage level in the country is 90 lats (128 Euros). Last week, the minimum wage increase was promoted by the National cooperation Board represented by three partners: the government, trade unions and employers. In May 2003, the Ministry of Employment approved the Concept of a gradual increase of the minimum wage in order to reach, by 2010, 50% of
…Do you have information to share with us?