VILNIUS – The monthly minimum wage in Lithuania is to rise to 400 euros (473.6 U.S. dollars) as of Jan. 1 next year, the Baltic country’s government decided on Wednesday.
It was agreed by Lithuania’s Tripartite Council, which brings together representatives of the government, employers, and trade unions, to increase the minimum wage by another 20 euros as of the start of the next year, the government said in a statement.
“For some, 20 euros might be not an important amount of money. However, for some, this amount supply their families with food for a whole week,” Lithuania’s Prime Minister Saulius Skvernelis was quoted as saying in the statement.
In his words, changes in minimum wages will be particularly felt in “the most vulnerable groups of society.”
This is a sixth minimum wage increase since 2013. Last time, the government raised the monthly minimum wage in July 2016, from 350 euros to 380 euros.
According to the government, in order to cover current minimum wage increase, 16.2 million euros from the budget will be used. The wage hike will apply to around 264,000 workers who receive minimum salaries.
Lithuania, along with Latvia, Romania and Bulgaria, currently are the four EU member states where national minimum wages are the lowest, amounting to below 400 euros per month.