International Internet Magazine. Baltic States news & analytics
Saturday, 20.09.2014, 08:52
Estonian healthcare workers and employers failed to reach an agreement at the collective labour agreement negotiations on Monday; now they turn to the State Arbitrator, LETA/Postimees reports.
Keyword tags: Estonia, Financial Services, Legislation, Markets and Companies, Medicine, Wages
Data of the Central Statistical Bureau show that, compared to the 2nd quarter of 2013 hourly labour costs in the 2nd quarter of 2014 grew by 51 cents per hour or by 8.6%, reaching EUR 6.58.
Latvian residents would want to earn EUR 2,769 a month on average in order to fulfill all of their dreams, according to a survey conducted by SKDS, cites LETA.
Lithuania wants to create jobs through Norwegian businesses, offering financial zones with zero tax, and highly-educated, hardworking employees. In the last five years, Norwegian investment in the country has doubled, the government agency Invest Lithuania said, cites LETA/ELTA.
President of Lithuania Dalia Grybauskaite assures that augmentation of defence spending will not lead to forget promises to reduce social exclusion. The president voiced an opinion that the two objectives will have to be reconciled, reports LETA/ELTA.
"We are taking the right steps to combat shadow economy, however, in order to achieve a result, we must cooperate with business organizations," Finance Minister Andris Vilks (Unity) believes, adding that businesses are governed by double standards to a certain extent, thus, not only the state is tricked, but also the employees.
On Tuesday, the Tripartite Council in Lithuania endorsed the ruling coalition's proposal to increase the minimum monthly wage by LTL 35 (EUR 10) from October 1, 2014, reports LETA/ELTA.