YEREVAN. – The minimum wage in Armenia will not increase in the coming year, and it will remain 55,000 drams (approx. $115) per month.
The Minister of Labor and Social Affairs, Artem Asatryan, stated the aforementioned at Wednesday’s National Assembly hearings on the draft state budget for 2017.
This minimum monthly salary, however, is the net income, whereas the gross minimum monthly wage—without the funded pension and income tax cuts—shall be 76,600 drams (approx. $161).