Albania to raise minimum wage, pensions as of July 1.

By bne IntelliNews June 18, 2012
Albanias cabinet plans to increase the minimum monthly wage in the country by an average of 5%, effective as of July 1, local TV Klan informed. The minimum monthly salary will grow by ALL 1,000 to ALL 21,000 (EUR 151.7). Pensions will grow by 3.5% in cities and by 5% in villages. The government last increased the pensions in July 2011, when the lowest pension climbed by 7% and the highest by 4%. At the same time, the government raised the minimum monthly wage by 5.2% to ALL 20,000.
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