International Internet Magazine. Baltic States news & analytics
Thursday, 27.11.2014, 04:40
According to Statistics Estonia, in the 3rd quarter of 2014, the average monthly gross wages and salaries were 977 euros and the average hourly gross wages and salaries were 5.89 euros. Compared to the 3rd quarter of 2013, the average monthly gross wages increased by 5.0% and the average hourly gross wages by 5.6%.
Keyword tags: Analytics, Estonia, Financial Services, Markets and Companies, Wages
The pressure on prices from wage rises in 2014 is weaker than last year, Estonian central bank Eesti Pank said in comment to the fresh third quarter average wage increase data, cites LETA.
The government and Unity have not promised any salary rises for teachers next year, Prime Minister Laimdota Straujuma (Unity) told LTV television this morning, informs LETA.
Statistics Lithuania informs that in III quarter 2014 average gross monthly earnings in the whole economy (individual enterprises excluded) totalled LTL 2 405.5 (EUR 696.7), in the public sector (1) – LTL 2 509.8 (EUR 726.9), in the private sector – LTL 2 349.6 (EUR 680.5) and, against II quarter 2014, increased by 2.1% in the whole economy: in the public sector – by 1.9, in the private sector – by 2.3%.
In the 3rd quarter of 2014 there were 885.7 thsd employed persons in Latvia or 59.3% of the population aged 15 – 74, of which 4.1 thsd were employed persons still having the status of the unemployed. A year ago 59% of the Latvian residents were employed, and in the 2nd quarter of 2014 – 59.3%, according to the results of the Labour Force Survey conducted by the Central Statistical Bureau (CSB) of Latvia.
The board of the Latvian Trade Union of Education and Science Employees will hold a meeting on Wednesday, November 19, in order to decide on launching an education workers' strike.
Business owners in Europe, including Latvia, are expecting serious problems with preserving quality workforce in 2015, thus companies will be forced to raise employees' salaries in 2015, according to a study conducted by KPMG.