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From January 1, 2007 Minimal Salaries To Total To AMD 20,000

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  • From January 1, 2007 Minimal Salaries To Total To AMD 20,000

    FROM JANUARY 1, 2007, MINIMAL SALARIES TO TOTAL TO AMD 20,000

    AZG Armenian Daily
    28/11/2006

    >From January 1, 2007, the minimal salaries will amount to AMD
    20,000. As compared with the data in 2006, the increase will make
    AMD 5,000. Aghvan Vardanian, RA Minister of Labor and Social Affairs,
    stated this at RA National Assembly. He said that the minimal salaries
    will rise by AMD 5,000 and in the course of the coming 3 years they
    will amount to AMD 30,000.

    This process may be accelerated subject to the existence of necessary
    funds, he said. According to him, AMD 505 million will be allocated
    from RA state budget for the settlement of the given problem. About
    7500 employees will be involved in the given program in total.
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