Minimum wage will increase to €435 per month

Next year, the minimum wage will increase from €405 to €435 per month. The cabinet at its session on October 12 approved the minimum wage hike.

Labour Ministry state secretary Ivan Švejna (most-Híd)Labour Ministry state secretary Ivan Švejna (most-Híd) (Source: Sme - Jozef Jakubčo)

Social partners have been repeatedly negotiating the minimum wage hike, but they failed to come to an agreement. Consequently, the Labour Ministry was left with the task of proposing the amount. The minimum wage will thus reach 52 percent of the average monthly salary in 2017 as opposed to 51 percent in 2016.

“Nevertheless, it’ll have a positive impact on individuals receiving the minimum wage, as well as on parents, if one of them is employed,” Labour Minister Ján Richter said a few days ago, as quoted by the TASR newswire. “It’s important to constantly push the minimum wage further up so that it’s worth working in Slovakia.”

It is crucial that the minimum wage reflects the offer and demand in the labour market, state secretary of the Labour Ministry Ivan Švejna (Most-Híd) said after the October 12 session of the cabinet. If these were higher, it would threaten the competitiveness of the economy, he added for TASR. However, the amount of 435 euros is close to the figure for the minimum wage (430 euros) proposed by employers. “So I don’t think the difference of five euros will fundamentally threaten the competitiveness or increase in employment,” Švejna summed up.

Top stories

News digest: Green passes to be launched on Saturday, minister asks people not to sign up right away

Three other Delta variant cases confirmed in Slovakia. Travelling within the EU should be easier thanks to Green Passes. People in tourism optimistic about the upcoming season.


9 h
Marian Kocner and his lawyer at the Supreme Court

The wrong way to put things right

Overturning not-guilty verdicts, especially in cases as emotive as the Kuciak murder trial, is a very bad idea.


12 h
In 2020, the National Cybersecurity Centre was involved in investigating 450 ransom attacks.

North Koreans and Russians. How did hackers target Slovakia?

The security authority reported hundreds of attacks over the past year.


23. jún
Illustrative stock photo

First Delta variant case confirmed in Slovakia

The labs confirmed the strain in a positive sample from a person who returned from Russia.


23. jún