Minimum wage may reach 350 euros in two years, says Swedbank economist

Nerijus Mačiulis
DELFI / Kiril Čachovskij

“According to our forecasts, next year, minimum monthly wage will be raised to 300 euros and will reach 350 euros at the end of 2016. These projections are based on both the government program and the promises made by numerous [political] parties to approach a similar level during the tenure of the current parliament. Moreover, we have also taken into consideration that economic possibilities [for raising wages] will be in place,” Nerijus Mačiulis said at a news conference on Tuesday.

The average real net wage is expected to grow 4.5 percent this year. Next year, the growth will slow down to 3.5 percent before picking up to 4.1 percent in 2016.

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