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Median nominal salary in Armenia reaches AMD 104,051 in January
... Median nominal salary in Armenia reached AMD 104,051 ($285, €213 or 8,557 Russian rubles) in January 2011 after rising 4.5%, compared with the same month a year before, but falling 23.9%, compared with December 2010, National Statistical Service of Armenia reports. The median nominal salary amounted to AMD 136,729 in December 2010 – 4.5% year-on-year rise. The highest median salary, AMD 173,600, was in Syunik province, and the lowest salary was in Aragatsotn province – AMD 89,200. In Yerevan, median salary amounted to AMD 155,200 in December 2010. Financial and insurance sectors’ employees ...
02/28/2011Average nominal monthly salary in Armenia is 149,300 drams in May 2013
... Service of Armenia reports. YEREVAN, July 1./ARKA/. The average nominal monthly salary in Armenia was 149, 364 drams (359 U.S. dollars or 11, 256 Russian rubles) in May 2013 – 3% higher than it was in April, the National Statistical Service of Armenia reports. In April 2013, the salary averaged 144, 929 drams – 1.1% rise, compared with the previous month, and 4% rise, compared with April 2012. The highest average monthly salary was recorded in Syunik province – over 190,6 00 drams, and the lowest in Aragatsotn - about 102,100 drams. In Yerevan, the average ...
07/01/2013Average nominal monthly salary in Armenia 145,812 drams in march 2013
... of Armenia reports. YEREVAN, May 7. /ARKA/. The average nominal monthly salary in Armenia was 145,812 drams (353 U.S. dollars or 10,812 Russian rubles) in March 2013 – 3.6% higher than it was in February, the National Statistical Service of Armenia reports. In February 2013, the salary averaged 140,749 drams – 1.8% rise, compared with the previous month, and 4.2% rise, compared with February 2012. . The highest average monthly salary was recorded in Syunik province – more than 170,400 drams, and the lowest in Aragatsotn - about 101,100 drams. In Yerevan, the ...
05/07/2013Median monthly gross salary in finance and insurance sector grew by 6.1% in September 2016
... the median monthly gross salary was 200,400 drams. According to preliminary estimates, the median gross monthly salary in January-October 2016 amounted to 185,689 drams ($386 or 26,117 Russian rubles), which was 2.4% more than in January-October 2015. Armenian Central Bank predicts a 3.7% rise in the median gross salary in 2017 ($ 1 - 480.92 drams). -0-
12/06/2016Average monthly nominal salary in Armenia rises 0.4% to AMD 120,116 in September
The average monthly nominal salary in Armenia reached 120,116 drams ($294 or 9,254 Russian rubles) in September 2012 – 0.4% rise, compared with the previous month and 5.3% increase, compared with September 2011, the National Statistical Service of Armenia reports. YEREVAN, November 1. /ARKA/. The average monthly nominal salary in Armenia reached 120,116 drams ($294 or 9,...
11/01/2012Armenian civil servants demands median salary rise
... draft budget for 2012 earmarks an 18 billion drams worth benefits package for civic servants. The median monthly nominal wage in Armenia in September this year amounted to 114,463 drams, having increased by 7.1% from a year earlier. Public sector salaries amounted to 93,028 drams, a 9.6% year-on-year rise and private sector median salary was 138,750 drams, which was 4.5% higher than in September last year. ($1 - 378.01 AMD). -0-
10/28/2011President: minimum salary in Armenia to reach AMD 90,000 by 2017
The minimum salary size in Armenia will rise to AMD 90,000 in 2017, Armenian President Serzh Sargsyan said as met with the education and science ministry’s officials today, the government’s press office reports. YEREVAN, August 28. /ARKA/. The minimum salary size in Armenia will rise ...
08/28/2013Armenia's gasoline affordability improves by 20 percent
... gasoline affordability study, conducted by Picodi firm. YEREVAN, July 29. /ARKA/. The amount of gasoline that an average salary can buy in Armenia has increased by 20%, according to a gasoline affordability study, conducted by Picodi firm. Picodi analysts analyzed ... ... Russia, Kazakhstan, Tajikistan and Belarus it has increased. In Russia, the cost of gasoline has grown by 0.8%. But the largest rise in price was in Belarus - + 12.4%. In the South Caucasus, prices fell by 10.1% in Armenia, by 2.4% in Georgia and by 28% ...
07/29/2020Average salary in Armenia up 13.7% due to certification of teachers and military personnel
... 400 thousand drams per month," he said. Pashinyan also noted that as a result of voluntary certification in the army there are contract servicemen who receive up to 599 thousand drams (the figures are given including taxes). In February 2023, the Armenian Parliament adopted draft amendments to the law "On General Education", which among others provides for salary rise for teachers who pass voluntary certification and collect high scores. The certification process in the Armed Forces started in June 2023. Based on its results, the salaries of servicemen is increased. In particular, for the rank-and-file personnel ...
07/25/2023Minimal monthly salary in Armenia to rise to AMD 30,000 in January, 2009
Minimal monthly salary in Armenia will rise by AMD 5,000 to AMD 30,000 on January 1, 2009, Armenian Deputy Finance Minister Pavel Safaryan said at a governmental briefing on Thursday. YEREVAN, September 25. /ARKA/. Minimal monthly salary in Armenia will rise by AMD 5,000 to AMD 30,000 on ...
09/26/2008Top five financial laws and decisions that enter into force in 2020
Every year, the Armenian government makes decisions, and the parliament adopts laws, many of which come ... ... citizens' payroll taxes. Earlier, the size of payroll tax depended on the amount of the salary. The higher the salary, the higher payroll tax was. Starting January, 2020 the... ... will be increasing annually by 3%, instead of the previously proposed 4%. Micro enterprises, self-employed persons, family enterprises with a turnover of up to 24 million...
01/13/2020Average salary in Armenia has increased by 60 thousand drams since 2018 - Prime Minister
The average salary in Armenia has increased by 60,000 drams or 34.4% since 2018, Prime Minister Nikol Pashinyan said today. YEREVAN, May 31. /AKRA/. The average salary in Armenia has increased by 60,000 drams or 34.4% since 2018, Prime Minister Nikol Pashinyan said today....
05/31/2022Average salary in Armenia grows by 4.7 percent
... drams, according to the National Statistical Committee (NSC). YEREVAN, September 25. /ARKA/. The average gross salary in Armenia grew by 4.7% year-on-year in the first eight months of 2020 to 187,061 drams, according to the National Statistical Committee (NSC). It said in August 2020 it decreased by 3.1% from July 2020, but compared to August 2019, it was up by 2.8%. The average salary in the public sector saw a bigger rise than in the private sector, although it could not overtake it in absolute terms. Thus, in January-August 2020, compared to ...
09/25/2020Yerevan mayor postpones consideration of proposed rise in municipality salaries
... Yerevan Mayor Hayk Marutyan went into his plans to double his and his top aides' salaries and raise the salaries of other 1,700 employees of the municipality by 30 percent. Under a draft decision, prepared by the mayor’s office, Marutyan’s monthly salary is to rise from 575,000 drams to 1.2 million drams ($2,500), as much as the country’s prime minister. His deputies’ salaries are to rise to 947,000 drams. The draft decision also calls for 30 percent rise for other members of the mayor’s office. The ...
05/08/2019Armenia’s Central Bank predicts 13 percent rise in average monthly salary in 2014
Armenia’s Central Bank predicts a 13 percent rise in average monthly salary in 2014, double of its forecast for 2013. YEREVAN, February 26. / ARKA /. Armenia’s Central Bank predicts a 13 percent rise in average monthly salary in 2014, double of its forecast for 2013. The bank said the rise will result from ...
02/26/2014Armenia’s finance and insurance companies boast highest gross median monthly salary
Armenia’s finance and insurance companies boasted the highest median gross monthly salary in September 2014 - 353,383 drams- a 1.7 percent rise form the same time span in 2013, according to the latest numbers, released today by the National Statistical Service (NSS). YEREVAN, December 3. / ARKA /. Armenia’s finance and insurance companies boasted the highest median gross monthly ...
12/03/2014Firefighters' wages to grow from October 1
The Armenian government has approved today a rise in the salary of firefighters and rescuers. YEREVAN, September 26. /ARKA/. The Armenian government has approved today a rise in the salary of firefighters and rescuers. Emergency Situations Minister Felix Tsolakyan said only firefighters working at the Armenian nuclear power plant are entitled to extra pay now. "Rescuers and middle-level firefighters receive 90 thousand drams ...
09/26/2019Minimum salary in Armenia to rise by AMD 5,000 to AMD 55,000 in 2015
The minimum salary in Armenia will rise by AMD 5,000 to AMD 55,000 in 2015, Armenian Labor and Social Affairs Minister Artem Asatryan said Thursday at a regular Cabinet session. YEREVAN, September 25. /ARKA/. The minimum salary in Armenia will rise by AMD 5,000 to AMD 55,000 in ...
09/25/2014Average monthly salary of certified school teachers increased up to 250,000 drams
... drams, Education, Science, Culture and Sports Minister Zhanna Andreasyan said at a meeting of the parliamentary committee on education, science, culture, sports, diaspora and youth issues today. YEREVAN, March 15. /ARKA/. The average monthly salary of those school teachers in Armenia who have had a certification exam has risen to 250,000 drams, Education, Science, Culture and Sports Minister Zhanna Andreasyan said at a meeting of the parliamentary committee on education, science, culture, sports, diaspora and youth issues today. She said last year some 2,329 teachers ...
03/15/2023Average salary in Armenia rises by 5.4%; the number of unemployed people also on the rise
The average monthly salary in Armenia in the first half of 2021 rose by 5.4% compared to the same time span of last year, amounting to 196,400 drams, Minister of Finance Tigran Khachatryan said today when speaking at a meeting of the parliamentary committee on financial and budgetary ...
09/27/2021Average salary of secondary school teachers in Armenia to reach 152,000 drams in July 2014
... and that of the auxiliary personnel AMD 78,100,” he said. In the 2014 draft government budget, he said, AMD 70 billion is earmarked for this purpose and current spending. In accordance with the labor payment law that implies introduction of salary scale in Armenia, pensions will rise 15% on January 1, 2014 and public servants’ salaries will be increased by 40% on July 1, 2014. According to official statistical reports, the average nominal salary in the public sector reached AMD 127,200 in July 2013 after rising 8%, compared ...
10/30/2013Armenian ministry promises significant rise in scientists' salaries
Armenia's Minister of Education, Science, Culture and Sports Zhanna Andreasyan announced today a rise in the salaries of scientists. YEREVAN, May 31. /ARK/. Armenia's Minister of Education, Science, Culture and Sports Zhanna ... ... certification exam. According to her, until now about 18.4 percent of scientists failed this exam. "We have a phased program of salary increases, which will continue until 2025. At that point, we will record a significant increase in the salaries of scientists,...
05/31/2023Official defends controversial government plan to cut maternity benefits
... - from 4.5 billion drams to almost 12 billion drams in recent years, although no rise in birth rate was reported, neither a rise in salaries of pregnant women. According to him, the birth rate in Armenia remains almost unchanged - about 42,000 a year. The bill was criticized by minority parliamentary parties. Thus, Heghine Bisharyan from the Rule of Law party argued that a working mother could reconcile with a benefit in the amount of 80% of her salary, but not with 40% and 60%. "You have taken the practice of post-Soviet states, which is not the best one and you want ...
10/27/2014Armenian parliament doubles prosecutors' salaries
... prosecutors that has increased significantly. According to him, young people after working at prosecutor's office for 3-4 years, as a rule, choose to work as lawyers with much less work and more money. According to him, there are 430 prosecutors currently in Armenia. The salary rise will require 2 billion 443 million drams additionally. At present the average salary of junior and mid-level prosecutors is about 400-460 thousand drams before taxes (net salary is about 295-350 thousand drams). Artsvik Minasyan from the opposition ...
03/22/2023Average monthly wages 98,583 drams in Armenia in January-July – 12.1% increase
Average monthly nominal wages was 98,583 drams in Armenia in January-July this year – a 12.1% increase as compared with the same period ... ... RA National Statistical Service reported. According to the preliminary information, salary in budgetary organizations was 82,172 drams in the period – an 18.1% increase... ... Monthly average salary in non-budgetary organizations was 122,324 drams – a 6.9% rise against the level of January-July last year. In July against June the salary grew...
08/21/2009Salary of Armenian medical workers to rise by 15%
Some 10,000 medical workers in Armenia will see their salaries rise by 15% from August 2018, Health Minister Arsen Torosyan said on his Facebook page. YEREVAN, July 13. /ARKA/. Some 10,000 medical workers in Armenia will see their salaries rise by 15% from August 2018, Health Minister Arsen Torosyan said on ...
07/13/2018Heritage promises to raise minimum salary
The opposition Zharangutyun (Heritage) party promises to push for a hefty rise in the national minimum salary up to 80,000 drams (about $204.5) if elected to the new parliament in the May 6 polls. YEREVAN, April 10. /ARKA/. The ... ... policy and help small and medium-sized businesses. The party also pledges to bring $1.5 billion of foreign investments annually. Armenia's Central Election Commission (CEC) has registered eight political parties and one electoral bloc for the May 6 parliamentary ...
04/10/2012Parliament committee approves government bill to raise prosecutors' salaries
... Young people after working at prosecutor's office for 3-4 years, as a rule, choose to work as lawyers with much less work and more money," said Deputy Minister of Justice Levon Badalyan. According to him, there are 430 prosecutors currently in Armenia. The salary rise will require 2 billion 443 million drams additionally. At present the average salary of junior and mid-level prosecutors is about 400-460 thousand drams before taxes (net salary is about 295-350 thousand drams). ($1 - 389.06 drams). --
02/27/2023No wage rise in Armenia’s public sector planned for 2017 - minister
No wage rise in Armenia’s public sector is planned for 2017, Vardan Aramyan, Armenian finance minister, said Tuesday while presenting alterations ... ... the draft government budget for 2017. In his words, members of the National Assembly proposed to increase the minimum monthly salary from the present AMD 55,000 to AMD 100,000. It meant that the spending would grow at least from AMD 421 billion to AMD ...
12/07/2016No salary rise for school teachers in 2017
... next year convened by several parliamentary committees. "The draft budget does not provide for changes in wages of teachers. Is there a need for this or not - is another question ", - he said. Earlier finance minister Vardan Aramyan said no rise in salaries, pensions and social benefits is planned for next year. An average pensioner in Armenia, for example, receives a monthly pension equivalent to about $85. The average gross salary of teachers is 120,000 drams ($256). The draft budget for 2017 calls for 1 trillion 210 billion drams in revenue (22.4% of the projected GDP) and 1 trillion 360 billion drams in spending (25.2% of GDP). The budget deficit is planned at 2.8% of ...
11/04/2016Refugee teachers from Nagorno-Karabakh will receive salary rise for working at provincial schools
... Armenian Deputy Prime Minister Tigran Khachatryan said at a government meeting on Thursday. YEREVAN, October 12. /ARKA/. School teachers displaced from Nagorno-Karabakh will be given an opportunity to get vacant positions on a non-competitive basis, Armenian Deputy Prime Minister Tigran Khachatryan said at a government meeting on Thursday. According to him, they will also have a 30% salary rise in case they work in the provincial schools. Khachatryan said that if teachers from Karabakh choose to work in any community of Syunik and Vayots Dzor provinces, in Vardenis and Chambarak communities of Gegharkunik province, as well as in Noemberyan,...
10/12/2023Armenian minister of education and science promises further rise in school teachers salaries
Armenia’s Minister of Education and Science Araik Harutyunyan promised a further rise in school teachers' salaries. YEREVAN, March 28. /ARKA/. Armenia’s Minister of Education and Science Araik Harutyunyan promised a further rise in school teachers' salaries. Speaking at a parliamentary Q&A session on March 27 Prime Minister ...
03/28/2019Armenian median salary in October rises by 0.3% to 114,402 drams ($304)
... released by the National Statistical Committee. Compared with median YEREVAN, December 2. /ARKA/. The median monthly salary in Armenia rose by 0.3% in October 2011 from September to 114,402 drams, an equivalent of $304, 222 euros or 9,526 Russian rubles, according to the latest data, released by the National Statistical Committee. Compared with median salary in 2010 October the figure represented a 6.7% rise. The highest median wage of 138,000 drams was again in the southern province of Syunik and the lowest wage of 79,600 drams ...
12/02/2011Armenian women activists protest against cabinet’s plans to cut the amount of maternity allowance
A group of Armenian women activists protested today outside the government building against Cabinet’s ... ... allowance to non-working women is to be calculated based on the amount of minimum monthly salary which is now 50,000 drams. As for working women, the government wants to define... ... labor and social security ministry, given that by 2016 the minimum monthly salary is to rise to 80,000 drams, a non-working woman will receive about 365,000 drams in allowances...
10/23/2014Salaries of leading researchers in Armenia to rise to 420,000 drams in 2024 - minister
... Culture, and Sports Zhanna Andreasyan said on Wednesday. YEREVAN, November 2. /ARKA/. Salaries of leading researchers in Armenia will significantly increase in 2024 and reach AMD 420 thousand, Minister of Education, Science, Culture, and Sports Zhanna Andreasyan said on Wednesday. "Compared to 2021 the salary rise will amount to 267%. Two years ago, a leading researcher received only 114,000 drams," Andreasyan said at the parliamentary ...
11/02/2023World Bank revises upward metal prices. Why is it important for Armenia?
... sector needs new technologies, new enterprises and should shift from mining to production of the final product. According to Atom Margaryan, Dean of the Faculty of Economic Regulation and International Economic Relations at State Economic University of Armenia, the mining industry and related enterprises employ more than 10 thousand people with the average salary twice the average salary in the country. According to the National statistical Service, the median gross salary in the sector is 344,900 drams while the national median wage is 180,900 drams. According to World Bank forecasts, the global economic ...
02/21/2017ArmenAl foil-rolling plant produced 26,000 tons of aluminum foil in 2012
ArmenAl Armenian-Russian foil-rolling plant in Yerevan said it had produced 26,264 metric tons of aluminum foil in 2012, a 3.8% rise from a year before. The company said it was the highest rate for the entire 11-year period of operation. YEREVAN, February ... ... previous year, and also 274 billion drams in mandatory social payments, a 6% rise. The output growth proceeded concurrently with a salary increase. Currently the plant employs about 700 people with an average wage of 260 thousand drams, which is almost 10% ...
02/11/2013Low inflation, high prices
... that the mounting prices, first of all, strike hard at low-income people. Price rise in October 2011, compared with October 2010 Prices for foods (average in the country... ... 843 Beef 2167 2576 Eggs (10 eggs) 518 590 Source: National Statistical Service of Armenia . www.armstat.am The table shows that sugar price leapt 40.9% in October... ... and 19.2% respectively and beef and egg prices rose 18.9% and 13.9%, while a nominal salary was raised only by 6.7%. Experts say causes of price hikes are different in...
12/22/2011Armenian president promises tangible salary and pension rise form July
... year the government will save some 35-40 billion drams (84-96 million US dollars at the current exchange rate), the GDP will rise at least 7%. The government budget projects a 6.2 percent economic expansion this year, the inflation rate is expected to ... ... sector wages and pensions from July 1,” Sargsyan said. According to the National Statistics Service, the average monthly salary in Armenia in January 2013 amounted to 140.015 thousand drams (337 US dollars). The average monthly pension is 28 thousand drams ...
03/19/2013Central bank expects 2014 median gross wage to rise 8.2 percent
... percent higher from the previous year, but down from its earlier projection of 11% rise. YEREVAN, November 24. / ARKA /. Armenia’s Central Bank expects the 2014 national median gross wage to be 8.2 percent higher from the previous year, but down from its earlier projection of 11% rise. It also expects it to grow further by 8 percent in 2015, according to the regulator’s regular report on its money and credit policies in the third quarter. "The median gross monthly salary in 2014-2017 will be growing by 7% a year under projected acceleration of economic growth, stabilization of inflation and ...
11/24/2014Teachers from Nagorno-Karabakh will be able to get employed in Armenia s under facilitated procedures
The Armenian Ministry of Education, Science, Culture and Sport has developed a simplified ... ... database will provide detailed information about the school, subjects, teaching hours, and salary. The deputy minister said the teacher will be able to cancel the application... ... the displaced teachers choose to work in provinces , they will receive a 30% salary rise, and if they choose to work in schools in any community of Syunik and Vayots Dzor...
10/12/2023School educators in Armenia may receive 300,000 dram salary
... those school educators, who will pass a voluntary exam to acquire a teaching certification. YEREVAN, April 28. /ARKA/. The Armenian government approved today a decision to set up a commission that will deal with raising salaries of those school educators,... ... last year and acquired teaching certification had their salaries raised by 30-50%. However, he added that since the average salary of teachers is 125 thousand drams, even a 50% rise did not make it competitive. "In this regard, changes were made to the decision and now the teachers who pass exam and ...
04/28/2022Coefficients set for public sector pay in Karabakh
... finance and economy Spartak Tevosyan said the minimum wages will be 50,000 drams in the country as from July 1. Ratios applied in Armenia were used, he said. If the wages based on the new ratios is higher than the current salary, the latter will be maintained and increases of the previous years in certain fields will be leveled off, Tevosyan said.... ... system will be fully applied within five years and the existing differences will be eliminated along with rising minimum wages rise. The minister added the quality of works and services provided will be improved. About 650 million will be appropriated ...
06/20/2014Armenian MP calls for raising minimum wage
... Janjughazyan noted in turn he could not talk on the matter without sufficient justification. "We agree that the proposed rise can change the situation, and we can do it even without sufficient justification. The government had done so in the past, but the move increased the debt burden," said Janjughazyan. The minimum wage in Armenia today is 55,000 drams. The last time it rose was in 2015. According to the Ministry of Finance, the median gross salary in Armenia in 2018 was 172,000 drams. Public sector median salary was 149,000 drams, down from 186,000 drams in the private ...
06/05/2019Wage rise in Nagorno-Karabakh Republic easing social tension – prime minister
... Nagorno-Karabakh Prime Minister Ara Harutyunyan said Tuesday at a news conference. STEPANAKERT, July 23. /ARKA/. The rise of salaries in Nagorno-Karabakh Republic on July 1 is easing social tension, Nagorno-Karabakh Prime Minister Ara Harutyunyan ... ... the calculation of coefficients of salaries of the public sector’s employees, they are based on the agreement between Armenia and Nagorno-Karabakh Republic, according to which social and salary policies must be similar in the two republics,” he said. “It means the criteria chosen in Armenia have been introduced ...
07/23/2014Armenian government raises salaries of children homes' employees
... Batoyan said at a government meeting on Thursday. YEREVAN, April 23. /ARKA/. The salaries of employees of children's homes in Armenia will increase by an average of 30%, Minister of Labor and Social Affairs Zaruhi Batoyan said at a government meeting on ... ... government will raise the salaries of employees of 5 children's homes to improve the quality of services. According to her, the rise will apply to 230 people, whose average salary will increase by 30%. For example, the nanny’s salary will amount to 96 thousand drams, and the director’s salary will ...
04/23/2020Steep wage rise may provoke high inflation, Armenian Ministry of Finance says
... pensions are steeply increased at the account of rising taxes and debts, then it is extremely dangerous - it may lead to steep rise in inflation, and the economy will not manage to recover”, the deputy minister said. Aramyan stressed that the ministry ... ... indicator through simplifying tax administering. In particular, the new turnover tax law came into force on January 1. According to Armenia’s national statistical service, average monthly nominal salary was 140,015 drams in January 2013 (337 dollars based on the current exchange rate). Average monthly pension was 28,000 ...
04/26/2013Armenian parliament passes bill on judges’ wages
... the prosecutor general and judges. The official salary of common jurisdiction judges and the prosecutor general will be included in a separate expenditure item, said RA Minister of Labor and Social Affairs Arsen Hambardzumyan. To curb corruption, the salary of Armenia’s judges will double to 440,000 drams (US$1,440), the minister added. Though it is impossible to eradicate the social evil, the wage rise will make judges work more diligently, according to Hambardzumyan. The minister pointed out large-scale activities to enhance Armenia’s judicial system, stressing the importance of the second-generation judicial reforms. The law will be effective ...
11/27/2008Armenian government intends to increase pensions, social benefits and public sector employees’ salaries in January 2014
Armenian government is planning to increase pensions, social benefits and public sector ... ... answering ARKA News Agency’s question. He reminded journalists that the minimal salary will be raised up to AMD 45,000 on July 1. Asked about whether the increased... ... adequate to low-income families’ expenses, especially taking into account the imminent rise in natural gas prices, Asatryan said that the main goal of the 30-percent increase...
06/04/2013Armenian parliament declines ARF-proposed bill to raise minimum wage
... declined a set of amendments to the law on the minimum monthly salary, which were proposed by lawmakers from the opposition Armenian Revolutionary Federation/ Dashnaktsutyun (ARF). The faction proposed that the floor monthly wage should not be lower than 30% of the average monthly salary in 2013; 40% in 2014 and 50% in the following years. It shouldn’t be lower than 80% of the subsistence level in 2013 ... ... the budget’s capacity. Besides, the floor wage increase should not create risks of job cuts and give room for shadow economy rise in the private sector. The five-year program implies at least two-fold increase of the minimum wage – to AMD 65,000....
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