Slovakia: Social partners agree for 1st time ever on minimum wage at EUR 700/m

Figures

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Employers, trade unions and local government representatives in Slovakia have agreed for the first time ever to increase the minimum wage at a single rate – from the current EUR 646 to EUR 700 per month next year, the social partners announced at a joint press conference on Thursday.

This will mean that the automaton for increasing the minimum wage stipulated by the law won't apply, reported state news agency TASR.

The tripartite members stressed that the joint proposal to increase the minimum wage to EUR 700 is clear evidence that responsible social dialogue makes sense.

"We believe that in this way we're also sending a clear signal to politicians and the public that a factual discussion, the ability to listen and be open to compromise are what our country needs perhaps most today," added the social partners. 

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