Minimum Wage Rate Raised

On 10 January 2013 the Government adopted a regulation on Establishment of the minimum wage rate" which will apply retroactively from 1 January 2013. The minimum wage rate was raised from 290 Euros to 320 Euros monthly. The minimum hourly wage rate is set at 1. 90 Euros.

Hence, employees who receive remuneration under the minimum wage rate will be paid 320 Euros monthly under the new regulation. It is advisable to change employment contracts accordingly. Note that remuneration for night work, proprietary liability, or other activities that foresee additional remuneration may not be included in the minimum wage – the minimum wage rate only corresponds to remuneration for work done.