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The Minimum Wage To Be Doubled During Coming Years: PM

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  • The Minimum Wage To Be Doubled During Coming Years: PM

    THE MINIMUM WAGE TO BE DOUBLED DURING COMING YEARS: PM

    ARMENPRESS
    18 June, 2012
    YEREVAN

    YEREVAN, JUNE 18, ARMENPRESS: Armenia's economic development based
    on internal resources will have the primary role on the country's
    economic growth throughout five years.

    At the course of the extraordinary session, presenting the Government
    program, the head of the Executive Body came forth with the statement.

    Sargsyan emphasized the doubling of minimum wage as well as the
    raising of labor pension scheduled by the program.

    '~R Weak global demand and the essential uncertainties of the outside
    world limit the chances of foreign economy resources inflow .Under
    those conditions the Government expects to assure export volume
    increase mainly through the industrial policy, which suggests
    systematic and effective use of internal resources'~R PM Sargsyan
    stated.

    As Armenpress reports, in accordance to the program poverty rate
    is set to be ratcheted up by 8-10 %, total birth rate coefficient
    reaching up to 1.8, more than 100 thousand new jobs will be created
    during five years.

    By the way the number of employees of non-agricultural sphere will
    increase by 30-50 thousand.Government actions indicators have been
    assessed on the basis of existing trends.

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