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Montevideo, June 3rd 2023 - 13:51 UTC

Tag: minimum wage rise

  • Tuesday, January 15th 2019 - 09:20 UTC

    The salary is tripled in Venezuela: Increases to 6 dollars

    The salary that will come into effect on Tuesday is equivalent to six dollars on the black market and economic analysts fear that it will lose its value in a few days.

    Nicolás Maduro ordered an increase of 300% of the minimum wage on Monday, the 26th time he makes an announcement of this kind during his term. Also, an increase in the petro cryptocurrency was decreed and the president highlighted the economic management of his government, which he said in his annual report helped to turn Venezuela into the country with “greater socioeconomic equality”.

  • Tuesday, December 11th 2018 - 08:35 UTC

    French president yields to weeks of protests and rolls back most reforms

    The minimum wage would increase by €100 per month, planned tax increase for low-income pensioners would be cancelled, overtime pay would no longer be taxed

    French president Emmanuel Macron has promised a minimum wage rise and tax concessions in response to weeks of violent protests. France has seen four weekends of violent protests against fuel tax rises, living costs and other issues. Speaking in a televised address, Mr. Macron condemned the violence but said the protesters' anger was “deep, and in many ways legitimate”.