Spectator on facebook

Spectator on facebook

Richter: Minimum wage to go up at least on par with average salary

It would be very wrong for the minimum wage in Slovakia to fall below 40 percent of the average salary in the future, Labour Minister Ján Richter said on Wednesday, October 10.

It would be very wrong for the minimum wage in Slovakia to fall below 40 percent of the average salary in the future, Labour Minister Ján Richter said on Wednesday, October 10.

"This ratio is of utmost importance for me, and even ministers from right-wing political groupings aimed to preserve it," said Richter, as quoted by the TASR newswire. As far as the relationship between the minimum wage and the average salary is concerned, there's no major difference between Slovakia and fellow Visegrad Four (V4) countries, he said.

One way or another, the minister expressed his ambition to boost the ratio in favour of the minimum wage rate by 1-2 percentage points during his term in office. As part of Slovakia's improved economic results in the future, it is important to raise the minimum pay in a manner whereby it will pay off to work for it [rather than collect benefits], he said. The monthly minimum wage will rise to €337.70 next year, thereby going up by €10.50 on the year, based on a government decision on October 10.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

12 places where you can see the works of one of the best medieval wood carvers Photo

The works of the renowned Master Paul are not limited just to Levoča.

St Geirge Curch in Spišská Sobota

Heatwaves to continue in Slovakia over the following days

More than 40 people collapsed due to hot weather on Thursday.

Jourová: Fico not fully informed on all EC’s activities on double standards

European Commission President Jean-Claude Juncker will meet with Fico to discuss double quality standards of foods on July 27 in Brussels.

European Commissioner for Justice, Consumers and Gender Equality Věra Jourová

Foreigners: Events in Bratislava Video

Tips for performances and other events in the capital between July 21 and July 30, including concerts, parties, festivals, classical music, inline skating, exhibitions and more.