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Friday, 29.05.2015, 13:12
A survey conducted by the Estonian Institute of Economic Research showed that while in 2013, the Estonian state was deprived due to the payment of "envelope wages" of 154 million euros in tax revenue, the loss of tax revenue in 2014 because of this reason was 92.5 million euros, LETA/Public Broadcasting reports.
Keyword tags: Analytics, Estonia, Financial Services, Legislation, Markets and Companies, Shadow economy, Wages
Latest data compiled by the Central Statistical Bureau (CSB) show that in the 1st quarter of 2015 the average monthly gross wages and salaries accounted for 785 euros. The average wages and salaries kept increasing; however, growth rate has been slowing down.
Estonian employers want to raise minimum wage to 448 euros in 2 years, trade unions – by a quarter more27.05.2015
The Estonian Confederation of Employers made a proposal at the meeting with the Trade Union Confederation on Tuesday to raise the minimum wage in Estonia to 448 euros a month in two years, while trade unions want by a quarter more, LETA/Postimees Online reports.
Statistics Lithuania informs that in I quarter 2015 average gross monthly earnings in the whole economy (individual enterprises excluded) totalled EUR 699.8, in the public sector (1) – EUR 720.1, in the private sector – EUR 689.1, and against IV quarter 2014, in the whole economy decreased by 2.1%.
Estonia's central bank Eesti Pank said, commenting upon the latest average wage data, that slower wage growth helps preserve jobs, informs LETA.
According to Statistics Estonia, in the 1st quarter of 2015, the average monthly gross wages and salaries were 1,010 euros. Compared to the 1st quarter of 2014, the average monthly gross wages and salaries increased by 4.5%.
The real purchasing power of Estonian households will increase significantly in 2015, said senior analyst at Swedbank Liis Elmik, LETA/Public Broadcasting reports.