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CLOSE TO 50,000 PEOPLE IN ARMENIA LIVE ON MINIMUM WAGE - FINANCE MINISTER
news.am
October 23, 2012 | 16:54
YEREVAN. - Around ten percent of Armenia's 470,000 hired workers
receive a monthly salary of AMD 30,000-40,000, Finance Minister Vache
Gabrielyan stated Tuesday, at the National Assembly, introducing the
bill on raising the minimum wage.
As per Gabrielyan, in the public sector, librarians and maintenance
workers receive the minimum wage, or very close to it, whereas more
people receive such salaries in the private sector.
The Minister noted that an employee must receive a net monthly
minimum salary of AMD 35,000, which means the employer must pay a
gross monthly minimum salary of AMD 46,296. According to Gabrielyan,
if the monthly minimum wage is increased by AMD 2,500, the employer's
expenditure increases by AMD 5,000.
To note, the Government of Armenia is proposing to set the monthly
minimum wage at AMD 35,000, instead of the current 32,500, as of
January 1, 2013.
In line with the current exchange rate, US$ 1 is equivalent to
approximately AMD 406.
news.am
October 23, 2012 | 16:54
YEREVAN. - Around ten percent of Armenia's 470,000 hired workers
receive a monthly salary of AMD 30,000-40,000, Finance Minister Vache
Gabrielyan stated Tuesday, at the National Assembly, introducing the
bill on raising the minimum wage.
As per Gabrielyan, in the public sector, librarians and maintenance
workers receive the minimum wage, or very close to it, whereas more
people receive such salaries in the private sector.
The Minister noted that an employee must receive a net monthly
minimum salary of AMD 35,000, which means the employer must pay a
gross monthly minimum salary of AMD 46,296. According to Gabrielyan,
if the monthly minimum wage is increased by AMD 2,500, the employer's
expenditure increases by AMD 5,000.
To note, the Government of Armenia is proposing to set the monthly
minimum wage at AMD 35,000, instead of the current 32,500, as of
January 1, 2013.
In line with the current exchange rate, US$ 1 is equivalent to
approximately AMD 406.