Tag: minimum wage
Macedonia 14.11.19 | 18:38

Amendments to the Law on Minimum Wage adopted

Parliament passed Thursday in a fast-track procedure the draft-law on amendments to the law on minimal wage, with 59 votes “in favor”. MP Zaklina Lazarevska from SDSM informed that they are proposing a new increase of the minimum wage of 14,500 denars which will be valid from December 2019...
Economy 10.11.19 | 21:49

Welfare Minister Carovska cites study claiming that a family of four can survive the month on just 280 EUR

Labour and Welfare Minister Mila Carovska caused outrage in the public with a claim that, according to a set of indicators, a family of four can live in Macedonia on an income of 17.000 denars a month (280 EUR). Carovska was defending the Government’s plan to hike the minimum wage again, to 14.500...
Economy 15.10.19 | 14:43

Minimum wage to increase to MKD 14,500

Prime Minister Zoran Zaev said Tuesday they have reached an agreement with businesses and trade unions over an increase of the minimum monthly wage from MKD 12,507 (EUR 203) to MKD 14,500 (EUR 236). In 2017 we increased the minimum wage by MKD 3,500, and so far it was MKD 12,507 denars. Now we are increasing...
Economy 02.09.19 | 16:35

It was misunderstanding: Minimum wage will not be 15,500 denars

Following the public backlash over reports that Economy Minister Kreshnik Bektashi has announced that the minimum wage will rise to MKD 15,500, the Government today assures it was a misunderstanding. The minimum wage increase is projected, but the amount has not yet been determined as consultations...
Economy 01.05.19 | 19:18

Businesses fear unintended consequences as Zaev pushes for another minimum wage hike

Businesses are worried that the new request from Zoran Zaev that the minimum wage is hiked from 12.500 to 13.000 denars (215 EUR) will affect their ability to hire new workers. – The business sector cant’ accumulate additional costs. We need the Government to help us, otherwise we are not...
Economy 06.02.19 | 23:51

IMF: Macedonia to pay high price for the new increase in the minimum wage

The new increase in the minimum wage in Macedonia as a legal obligation can affect the increase in youth unemployment, warns the International Monetary Fund (IMF) in a separate analysis of the minimum wage in the country. It states that Macedonia can pay a high price from further ad hoc increase in the...
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