Minimum wage to rise by 40% in Armenia

Armenian Prime Minister Tigran Sargsyan said at the joint session of parliamentary commissions today that the government had decided to increase the minimal wage from 45,000 drams to 70,000 drams.The budget for 2014 sets a minimal wage of 50,000 drams. It will rise by 40% on July 1, 2014.1000 drams = $2.4661.

Armenian Prime Minister Tigran Sargsyan said at the joint session of parliamentary commissions today that the government had decided to increase the minimal wage from 45,000 drams to 70,000 drams.

The budget for 2014 sets a minimal wage of 50,000 drams. It will rise by 40% on July 1, 2014.

1000 drams = $2.4661.