Minimum wage could increase to €520 next year

The Labour Ministry has proposed that the minimum monthly wage should grow from the current €480 to €520 next year. While employers' representatives are still analysing the proposal, the Trade Union Confederation (KOZ) wants a minimum wage of €635. "We are proposing this sum with regard to expectations of positive macroeconomic development, as well as increases in prices, chiefly food, in the upcoming period. The proposed minimum wage equates to 60% of the average salary estimated for next year," said KOZ spokesperson Martina Némethová. The Association of Employers Unions (AZZZ) and the Republican Employers Union (RUZ) said they are ready to hold negotiations on minimum wage growth, but only under the condition that real economic and social indicators are respected and criteria stipulated by law are observed.