Economy
Tax and legal changes to drive growth in 2016
With the new year will come new changes to Lithuania’s tax codes and other laws that will change residents’ everyday lives and hopefully propel the country towards continued growth. […]
minimum wage
Economy
Lithuania to raise minimum monthly wage to EUR 350
On Wednesday, the government of Lithuania approved minimum wage raise up to 350 euro per month. The new rate will apply from January 1, 2016. […]
Economy
Lithuanian Social democratic MP suggest more taxes on below-minimum wage
The Lithuanian parliament will discuss a proposal of Deputy Parliament Speaker Algirdas Sysas, a social democrat, that employers who pay their employees below minimum wage be made to pay higher contributions to the Sodra, the social insurance system. […]
Economy
Minimum wage to grow in January
The Tripartite Council – consisting of representatives of the Government, employers and employees – has reached an agreement that the minimum monthly wage would be raised to EUR 350 on 1 January 2016. […]
Politics
Lithuanian MP suggests indexing minimum wage to average pay
New proposed amendments to the Labour Code of Lithuania suggest that the minimum monthly wage should not be lower than half of the previous year’s average wage, which is estimated and announced by Statistics Lithuania. […]
Politics
Lithuanian parliament proposes 34-percent hike to minimum wage
The Lithuanian Parliament has adopted a resolution, proposing to the Government to raise the minimum monthly wage to EUR 437, a 34-percent hike from the current rate of EUR 325. […]
Economy
Lithuanian parliament speaker: Two minimum wage raises next year
Speaker of the Seimas, Loreta Graužinienė, believes that the minimum monthly wage should be raised in two stages next year. […]
Economy
Lithuanian expert sees minimum wage increase as retribution for labour code reform
The government’s decision to increase the minimum monthly wage by 25 euros to 325 euros in July and hints about its potential hike to 350 euros in January may be a retribution for the so-called social model, which includes amendments to the Labour Code, an analyst has said. […]
Economy
Lithuanian government okays minimum wage increase to EUR 325
The Lithuanian government has given its approval to a proposal to increase the minimum wage by 25 euros, to 325 euros, from July. […]
Economy
Lithuanian government considers raising minimum monthly wage to EUR 325
Lithuanian Ministry of Social Security and Labour has submitted a draft resolution to the Government, where it suggests raising minimum monthly wage and minimum hourly pay as of 1 July 2015. […]
Economy
Lithuanian government to raise minimum pay to EUR 350
The minimum monthly wage in Lithuania will be increased by 25 euros to 325 euros in July and may be raised by a further 25 euros to 350 euros early in 2016, Prime Minister Algirdas Butkevičius has said. […]
Economy
Lithuania should put off minimum wage hike amid worsening economic outlook, analyst says
Lithuania’s authorities should postpone plans for a minimum wage hike after the central bank on Friday cut its GDP growth forecast for this year, a senior expert at the Lithuanian Free Market Institute (LLRI) said. […]
Economy
Minimum-earning workers in Lithuania among worst-paid in Europe
Despite the fact that minimum wage in Lithuania was raised in the beginning of 2015 to 300 euros, Lithuania is still behind most European countries. According to statistics published by Eurostat, Lithuania is 20th among countries that reported about their minimum wage. Luxembourg is leading with 1922.06 euros as minimum monthly pay to workers. […]
Economy
Lithuanian president approves of minimum wage raise
President Dalia Grybauskaitė approves of the proposal to raise minimum wage, noting that Lithuania has the lowest minimum monthly salary in the Baltic states. […]
Economy
Lithuanian industrialists welcome another minimum wage increase
The Presidium of the Lithuanian Confederation of Industrialists (LPK) has confirmed on Tuesday that industrialists welcome the government’s plans to increase the minimum monthly wage once again in July. […]
Economy
Lithuanian government will not decide on raising minimum wage before May
Lithuania’s Minister of Finance Rimantas Šadžius says that if the economy and wages grow, then raising the minimum monthly salary to EUR 325 from 1 July will not have a negative effect on public finances. […]
Economy
Lithuania must raise minimum pay every year, president says
Commenting on the ruling coalition’s recent agreement regarding the increase of minimum monthly pay, President Dalia Grybauskaitė has stressed that minimum pay in Lithuania remains the lowest in the three Baltic states and it should be raised on a yearly basis. […]
Economy
Lithuanian ruling parties agree on EUR 325 minimum monthly salary in 2015
The parliamentary groups of the Order and Justice party, the Social Democrats and the Labour Party have agreed that the minimum monthly salary should be raised to EUR 325 (LTL 1,122) in 2015. […]
Economy
Lithuanian PM looking for EUR 29.5m to raise government employees’ salaries
Prime Minister Algirdas Butkevičius says the Government is looking for LTL 102 million (EUR 29.5 million) in next year’s budget in order to raise salaries for government employees working under employment contracts. […]
Economy
Parliament speaker says minimum pay could grow EUR 29 next July
Parliament Speaker Loreta Graužinienė reckons that next July the minimum monthly salary could rise by LTL 100 (EUR 29). The head of Parliament is also open to discussions over the increase of non-taxable minimum income. […]