International Internet Magazine. Baltic States news & analytics
Monday, 26.09.2016, 15:14
According to a fresh study carried out by the consultation company Fontes, the wage gap between women and men has increased this year by 1 ppt compared with 2015, informs LETA/BNS.
Keyword tags: Analytics, Estonia, Financial Services, Society, Wages
Latvian residents would like their monthly income to be at least EUR 1,216, according to a survey conducted by SKDS pollster writes LETA.
57% of young persons believe that a monthly salary of at least EUR 800 is adequate for their knowledge and skill level15.09.2016
57 % of young persons in Latvia believe that a monthly salary of at least EUR 800 is adequate for their knowledge and skill level, according to a SEB Banka survey.
There are some 100,000 people in Latvia who, due to various financial problems they have, prefer to be paid their wages under the table, as the Association of Latvian Commercial Banks President Martins Bicevskis told Saeima Budget and Finance Committee, reports LETA.
For a second consecutive quarter, weak investment activity has substantially impeded economic growth. The information published by the Central Statistical Bureau indicates that gross domestic product (GDP) in the second quarter grew only by 0.6% (seasonally and workday adjusted data at constant prices) quarter-on-quarter, with the year-on-year growth reaching only 0.8%. Compared to the flash estimate published in July, the quarterly growth has been improved by 0.2 p.p. It however, fails to substantially impact the annual projections of GDP, as the previous quarters have also been revised.
The growth rate of gross monthly wages slowed a little, especially in local government administration. Given that productivity declined in the second quarter, growth in the average wage remained strong. The Structure of Earnings survey indicates that the wage level in Estonia was second behind that of Slovenia among the Central and East European countries in 2014.