The Ministry of Economy and Entrepreneurship approved funds in the amount of more than BAM 10 million for 516 economic entities that paid increased wages for 19,752 workers in the fifth accounting period (July – December 2021).

Requests for incentives to increase workers’ wages for the said accounting period were submitted by a total of 576 economic entities that had the opportunity to submit a request by March 1, 2022 via the ‘e-incentive’ application, which is available on the website of the Ministry of Economy and Entrepreneurship.

The total amount of incentives to increase wages, which was approved from the 1st accounting period (July – December 2019), as of today, is about BAM 32 million.

The processing of the remaining part of requests is in the final phase, after which the payment of funds for incentives to increase wages will follow.