  Minimum wage set at AMD 35000 in Armenia September 27, 2012 - 16:17 AMT PanARMENIAN.Net - At September 27 sitting, the Armenian government approved the bill on introduction of amendments to minimum wage law. According to Finance Minister Vache Gabrielyan, the amendment envisages rising the minimum wage from AMD 32,5 thous. to 35 thous. The law is expected to enter into force on January 1, 2013. At the previous sitting, the government of Armenia turned down the bill stipulating for doubling of current minimal wage from AMD 32500 to 72500. As the Finance Minister noted, the project might trigger serious problems in the country’s economic development, becoming a burden for Armenia’s state budget. “The 100% minimal wage 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.   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 |  Latest news The Power of One Dram to benefit Road of Life charity  The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |
