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Dec 11, 2023 11:25 EEST
December 11 (SeeNews) - Albania’s government expects the average weighted gross monthly wage to rise to 900 euro ($968) by the middle of next year from 70,905 leks ($749/698 euro) in the second quarter of 2023, finance minister Ervin Mete said.
Average wage is seen to be positively affected by a wage hike for employees in the public sector, which has already started taking effect in some state departments, and which has been allocated a total of 400 million euro in budget expenditure, Mete said in a press release on Friday
Earlier this year, Albania decided to raise the wages of over 130,000 government officials over the next two years, starting with 250 officials whose salaries are tied to the president's salary.
Albania's average gross monthly wage increased by 16.9% year-on-year in the second quarter, following a 9.2% annual rise in the first quarter, the national statistical office said earlier. In the public sector, average gross wage amounted to 82,207 leks, while in the private sector it reached 65,901 leks. These figures have different weight in the calculation of the overall average gross wage.
(1 euro=101.638 Albanian leks)
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