Minimum wage raised ahead of Labor Day

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15:57, 24 Apr 2019

Minimum wage raised ahead of Labor Day

Effective on May 1, the guaranteed minimum wage in the real sector will increase by 165 lei to to 2775 lei per month. This means employers will not be allowed to pay less than 16.42 lei an hour. This was decided by the Government today.
 
The minimum guaranteed salary in the real sector is calculated based on the cumulative increase in the consumer price index and the rate of increase in labor productivity. The rate of increase in labor productivity is the ratio expressed as a percentage between the growth rate of gross value added and the growth rate of the average number of employees.
 
In addition to the minimum guaranteed salary in the real economy, the state also guarantees compensatory bonuses for working in unfavorable conditions, for working at night or overtime, and for idle time or temporary layoffs.
 
Last year on May 1, the minimum wage in the real economy was mandated at 2,610 lei per month or 15.44 lei per hour.
15:57, 24 Apr 2019
Official exchange rate for date 25.04.2019
[T] Currency Code ABR Rate Exchange Rate Albanian lek 008 ALL 10 1.6196 Armenian Dram 051 AMD 10 0.3692 Australian Dollar 036 AUD 1 12.5733 Azerbaijanian Manat 944 AZN 1…
06:02, 25 Apr 2019

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