Armenia raises minimum salary by 10% to AMD 75,000January 3, 2023 - 14:33 AMT PanARMENIAN.Net - New legislation entered into force on January 1, 2023 which raised the minimum wage by 10% from AMD 68,000 to AMD 75,000, Armenpress reports. Zhora Sargsyan, the Head of Department of Labor and Employment at the Ministry of Labor and Social Affairs, said that the raise in the minimum wage will lead to an average of 30% increase of salary in private and public sectors. “Particularly, the salary of employees will grow around 28,5% in the government system and around 31,5% in the private sector,” Sargsyan said. The new legislation also increases the minimum hourly remuneration. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |