Saeima moves ahead minimum wage raise next year

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In the second reading, the Saeima supported amendments to the Labor Law, which aims to set a minimum monthly salary of €620 from next year, and €700 from 2024, the Saeima Press Service said on October 13.

As stated in the annotation, the average salary in the country has grown in recent years. Data from the Central Statistical Bureau reported that in 2021 the average gross salary for full-time work was EUR 1,277. It is up 11.8 percent or €135 more than in 2020.

Amendments to the Labor Law must still be adopted by the Saeima in the final reading.

Previously, social partners objected to the idea of raising the minimum wage, saying that this issue should be viewed not in parliament but in the government along with next year's budget.

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

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