Wages

International Internet Magazine. Baltic States news & analytics Monday, 17.12.2018, 05:09

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Estonian govt to endorse establishing EUR 540 minimum wage

Estonian govt to endorse establishing EUR 540 minimum wage

13.12.2018

Estonian Minister of Health and Labor Riina Sikkut will submit a proposal to the government on Thursday to establish a new minimum wage at 3.21 euros per hour and 540 euros per month, The current minimum remuneration is 2.97 euros and the minimum monthly salary for working full-time is 500 euros, spokespeople for the government said LETA/BNS.

Keyword tags: Estonia, Financial Services, Wages



Estonian chamber: Entrepreneurs' assessment re ratio of cash-in-hand wages has decreased

Estonian chamber: Entrepreneurs' assessment re ratio of cash-in-hand wages has decreased

10.12.2018

Estonian entrepreneurs' estimation of the share of cash-in-hand wages paid in their sector has decreased on year, it appears from the results of a survey conducted among the members of the Estonian Chamber of Commerce and Industry, reported LETA/BNS.

Wage growth in Latvia still solid

Wage growth in Latvia still solid

05.12.2018

The current tightening of the labour market with unemployment shrinking and persistently high labour demand observed in Latvia is nothing unique. Something similar can be seen in other Baltic States as well as elsewhere in Europe. Over the third quarter of 2018, gross nominal wage increased by 8.0% year-on-year in Latvia, amounting to 1006 euro. Although the quarterly rate may seem very modest at 0.2% or 2 euro, we have to bear in mind that the growth rate of base wages continues to be relatively stronger; hence, this overall increase can be viewed as stable.


In the 3rd quarter, the growth of average wages and salaries accelerated in Estonia

In the 3rd quarter, the growth of average wages and salaries accelerated in Estonia

29.11.2018

According to Statistics Estonia, in the 3rd quarter of 2018, the average monthly gross wages and salaries of enterprises, institutions and organisations were 1,291 euros, having increased by 7.5% compared to the 3rd quarter of 2017. The year-on-year growth in average monthly gross wages and salaries was 1.1 percentage points faster than in the previous quarter.

Average gross monthly wage in Latvia grows 8% in Q3

Average gross monthly wage in Latvia grows 8% in Q3

29.11.2018

Data of the Central Statistical Bureau (CSB) show that in the 3rd quarter of 2018, compared to the 3rd quarter of 2017, the average monthly gross wages and salaries grew by 8.0% or EUR 75, reaching EUR 1 006 for full-time work. Compared to the 2nd quarter of 2018, gross wages and salaries increased by 0.2% or EUR 2.


29.11.2018

Lithuanian education minister to resume talks with trade unions on pay model

Lithuanian Education and Science Minister Jurgita Petrauskiene is to hold on Thursday a new round of talks with trade unions on how to improve a new pay model for teachers in place since September.

26.11.2018

Lowest wage growth globally in 2017 since 2008, wages in Latvia saw steepest rise among Baltic

Global wage growth in 2017 was not only lower than in 2016, but fell to its lowest growth rate since 2008, remaining far below the levels obtaining before the global financial crisis. Global wage growth in real terms (that is, adjusted for price inflation) has declined from 2.4%in 2016 to just 1.8% in 2017, said the International Labor Organization (ILO) in its annual Global Wage Report.

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