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Wednesday, 11.12.2013, 09:41
Latest data compiled by the Central Statistical Bureau of Latvia show that, as compared to the corresponding periods of the previous year, average wages and salaries in the 3rdquarter of 2013 have risen faster than in the first two months of 2012. Average monthly net wages and salaries in the 3rd quarter of this year constituted LVL 366 (EUR 521).
Keyword tags: Analytics, Financial Services, Latvia, Markets and Companies, Wages
The fresh Statistics Estonia publication Regional Development in Estonia 2013 indicates among other things, that Estonian people agree to work away from home, in another county, if their monthly wage is by 300 euros higher there than in their own county, LETA/Public Broadcasting reports.
Main expenditures during Latvia's EU presidency will be salaries and strengthening of foreign service29.11.2013
Latvian President Andris Berzins met with Foreign Minister Edgars Rinkevics today to talk about Latvia’s foreign policy issues, particularly given that the foreign minister has recently met with Russian Foreign Minister Sergei Lavrov, as well as the prime minister of the People’s Republic of China, Lie Kequiang, LETA was informed by the Presidential Press Service.
The Estonian government decided on Thursday that starting 2014, employers are allowed to pay a minimum of 2.13 euros an hour to employees and the monthly minimum payment rate for full-time work is 355 euros, LETA/Public Broadcasting reports.
Competition with foreign employers has accelerated wage growth in Estonia, Estonia's central bank Eesti Pank said in its comments. Data from Statistics Estonia show that the average gross wage reached 930 euros in the third quarter and annual growth had accelerated to 8.8%, informs LETA.
According to Statistics Estonia, in the 3rd quarter of 2013, the average monthly gross wages and salaries were 930 euros and the average hourly gross wages and salaries were 5.58 euros. Compared to the 3rd quarter of 2012, the average monthly gross wages and salaries increased by 8.8% and the average hourly gross wages and salaries increased 7.1%.
Statistics Lithuania informs that in III quarter 2013 average gross monthly earnings in the whole economy (individual enterprises excluded) amounted to LTL 2305.3: in the public1 and private sectors – LTL 2409.7 and 2246.4 respectively.