  Govt. deems doubling minimal salary amount unreasonable September 20, 2012 - 13:06 AMT PanARMENIAN.Net - The government of Armenia turned down the bill on minimal salary, submitted by parliamentarians. According to Finance Minister Vache Gabrielyan, the bill envisages doubling of current minimal salary from AMD 32500 to 72500. As he noted, the project might trigger serious problems in the country’s economic development, becoming a burden for Armenia’s state budget. “The 100% minimal salary increase will entail expenditures of AMD 360 bn for the state sector, as well as boost the instances of shadow economy in the private sector, unwilling to declare the actual amount of salaries,” the Minister said. However, as he noted, both 2013-2015 governmental program and 2013 state budget project stipulate for minimal salary increase. Partner news  Top stories Tigran Sargsyan noted that the new plant will be constructed after the current one is finally out of operation. IFC invested $244 million in 40 projects across a range of sectors, including financial markets, manufacturing, and mining. Armenian Prime Minister addressed a letter to Public Services Regulatory Commission over the reconsideration of gas prices. Armenia’s Public Services Regulatory Commission plans to reconsider electricity generation and distribution prices.   Partner news |  Latest news Russian expert rules out Karabakh war renewal by Armenia  Alexander Krylov: the possibility of the renewal of Karabakh war should not be exaggerated in the face of the balance of power.German scientists ready to include Armenian petroglyphs in UNESCO list The scientists conducted a survey of ancient rock art, with a database of Armenian petroglyphs to be later developed.OSCE Minsk Group Co-Chairs won’t visit Artsakh French Co-Chair of the OSCE Minsk Group Jacques Faure said the co-chairs are not planning a visit to Nagorno Karabakh.Penguin reaches $75mln agreement in iBooks price fixing lawsuit In a press release, Penguin's parent company, Pearson, noted it had made a $40 million provision for settlement in its 2012 accounts. |
