Economy

Parliament approves 23,6% raise of minimum wage

1 minute read

Parliament approves 23,6% raise of minimum wage

YEREVAN, NOVEMBER 19, ARMENPRESS. 100 Members of Parliament voted in favor of a bill on raising the monthly minimum wage from 55,000 drams to 68,000 drams in Armenia.

The bill was authored by ruling My Step bloc MPs Varazdat Karapetyan, Babken Tunyan and Narek Zeynalyan.

Initially the MPs had proposed to raise the minimum wage to 63000, but subsequent discussions in the Cabinet led to the government suggesting a higher increase – 68000.

The move will raise the salaries for nearly 57000 public servants and nearly 130000 private sector employees.

Edited and translated by Stepan Kocharyan

AREMNPRESS

Armenia, Yerevan, 0002, Martiros Saryan 22

fbtelegramyoutubexinstagramtiktokdzenspotify

For full or partial reproduction of any material in other media it is required to acquire written permission from Armenpress news agency.

© 2024 ARMENPRESS

Created by: MATEMAT