Government supports minimum wage raise in 2023

On Tuesday, December 13, the government supported decision already taken by the Saeima to raise the minimum wage from €500 to €620 from January 1 next year.

The government-backed amendments to the rules on the minimum monthly salary within the normal working time and the calculation of the minimum hourly rate also set the minimum wage to be increased to EUR 700 from January 1, 2024.

Currently, the minimum wage in Latvia is €500, and last year nearly 18% of the population received a minimum wage or less.

At the end of October, the amendments to the final reading of the Labor Law were adopted by the Saeima, while the President of Latvia, Egils Levits, also announced them officially on November 11, despite the Latvian Employers' Confederation (LDDK) sending a request to the President not to announce the changes to the law, citing non-standard and unsustainable practices in the drafting of the law.

 

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