International Internet Magazine. Baltic States news & analytics
Sunday, 05.07.2015, 16:21
The minimum monthly wage and the old-age pension has been increased in Lithuania from 1 July 2015, reports LETA/ELTA.
Keyword tags: Analytics, Financial Services, Legislation, Lithuania, Pensioners, Wages
Ship Romuva owned by Lietuvos Juru Laivininkyste (Lithuanian Shipping Company) has been arrested in Italy because of debts. Seventeen seafarers are stuck in Italy together with the ship, reported LETA/ELTA, referring to Klaipeda.
Estonian trade unions and employers organisations did not reach a deal at the minimum wage negotiations that took place on June 8th 2015, LETA/Postimees Online reports.
New procedures for paying mayors' wages entered into force on 1 May 2015 in Lithuania. They were soon adopted by councils of municipalities, informs LETA/ELTA, referring to Kauno diena.
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.
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 more
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.