by
August 22 – August 28, 2011

Wages continue growing

The situation has not changed
Wages continue growing

A minimum wage in the country has been increased by 34%. Therefore an average monthly minimum wage in Belarus has been increased from Br 611 thousand to Br 730 thousand.

Comment

The country continues going down the spiral of “expenses – prices”. The Belarusian authorities have ignored the requirements set up by the IMF and Russia regarding the freezing of salaries, pensions and other budgetary sources of income. The Belarusian leadership continues to expect that creditors “will walk in its shoes” and is not yet ready to give full control over the situation to the law enforcement bodies in order to preserve stability.

However, prices rise and will continue rising outrunning indexing of incomes.

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Once a week, in coordination with a group of prominent Belarusian analysts, we provide analytical commentaries on the most topical and relevant issues, including the behind-the-scenes processes occurring in Belarus. These commentaries are available in Belarusian, Russian, and English.
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