Economy

Minimum Wage Will Increase to €435 per Month in 2017

Bratislava, October 12 (TASR) – The Cabinet at its session on Wednesday approved the minimum wage hike from €405 to €435 per month.

Social partners were repeatedly negotiating the minimum wage hike, but they didn’t come to an agreement. Consequently, the Labour, Social Affairs and the Family Ministry was responsible for suggesting the amount. The minimum wage will thus reach 52 percent of the average monthly salary in 2017. This year it’s 51 percent.

“Nevertheless, it’ll have a positive impact on individuals receiving the minimum wage, as well as on parents, if one of them is employed. It’s important to constantly push the minimum wage further up so that it’s worth working in Slovakia,” said Labour, Social Affairs and the Family Minister Jan Richter (Smer-SD) a few days ago.

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