“We agreed with each side that the minimum monthly wage would grow to EUR 350, the minimum hourly wage – to EUR 2.13, beginning on the new year. We will continue discussing further minimum wage growth at the Tripartite Council’s meetings,” Social Security and Labour Minister Algimanta Pabedinskienė said in a statement.
The EUR 350 minimum monthly wage would affect over 60,000 employees working under employment contracts in public institutions and around 240,000 employees in the private sector.
Previously, the minimum monthly wage was raised from EUR 300 to EUR 325 in July 2015. After a meeting of the political council last week, Prime Minister Algirdas Butkevičius said he did not object to the minimum monthly wage to be increased to EUR 380 in July 2016.