May 23, 2008 -

Russia: What Is Minimum Wage?

MOSCOW (Moscow News) – The minimum wage per month in the capital (Moscow) is to come to 10, 900 rubles by the end of 2010. Currently the minimum wage in the city is 6,800 rubles. After September 1, it will be 7,500 rubles.

Additionally, pensions in the capital are to exceed the cost of living by the end of 2009, Igor Antonov, the chairman of the budget and finance committee of Moscow State Duma, said.
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That in American Dollars: (at exchange of 23.5 rubles per dollar)

Per Month:
6800 rubles = $290 (now)
7500 rubles = $319 (Sept.1st 2008)
10,900 rubles = $464 (2010)

Kyle & Svet

comments always welcome.

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