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Lithuanian Government to Raise Minimum Wage From August by 6.3%

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June 20 (Bloomberg) -- Lithuania’s government approved a plan to raise minimum wages by 6.3 percent starting in August, less than three months before general elections.

The minimum monthly wage will rise to 850 litai ($312) from 800 litai, the government in the capital, Vilnius, said in a statement on its website today.

The International Monetary Fund said June 14 it supported “a moderate” minimum-wage increase in the country “to ensure that low-income workers earn a sustainable wage.”

The Cabinet delayed its plan on the minimum paycheck, the lowest in the Baltic region, by a month as it negotiated with social partners including trade unions in the size of the increase. The unions wanted wages to rise by 100 litai.

Estonia’s minimum wage is 290 euros ($368), while minimum paychecks in Latvia stand at 200 lati ($365).

Lithuanians will head to the polls in October.

To contact the reporter on this story: Milda Seputyte in Vilnius at mseputyte@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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