International Internet Magazine. Baltic States news & analytics
Sunday, 29.11.2015, 08:57
Latest data compiled by the Central Statistical Bureau (CSB) show that in the 3rd quarter of 2015 the average monthly gross wages and salaries in the country accounted for 829 euros. As compared to the 3rd quarter of 2014, they increased by 7.3%, which is a more rapid growth than in the 1st quarter (6.2%) and second quarter (6.4%)*.
Keyword tags: Analytics, Financial Services, Latvia, Markets and Companies, Wages
24,546 education and science workers in Latvia are on strike today, reports LETA, according to the Trade Union of Education and Science Employees' data.
According to the Bank of Estonia, the 7-% gross salary increase in the third quarter of the year shows that in spite of a deceleration of economic growth the most important indicators of the labor market are positive due to financial buffers collected by companies and very favorable interest rates, informs LETA/BNS.
According to Statistics Estonia, in the 3rd quarter of 2015, the average monthly gross wages and salaries were 1,045 euros. Compared to the 3rd quarter of 2014, the average monthly gross wages and salaries increased by 6.9%, and compared to the 2nd quarter of 2015, the average monthly gross wages and salaries decreased by 3.4%.
The monthly median payout to a working person in Estonia rose by 8.3 percent on year to 733 euros in the third quarter of 2015, figures provided by the Tax and Customs Board show, cites LETA/BNS.
Between 2005 and 2013, teachers' salaries in Estonia underwent the fastest increase in the Organization for Economic Cooperation and Development (OECD), a fresh OECD study the findings of which were published on Tuesday shows, cites LETA.
Statistics Lithuania informs that in III quarter 2015 average gross monthly earnings in the whole economy (1) totalled EUR 735.1: in the public sector (2) – EUR 755.3, in the private sector – EUR 724.7. Against II quarter 2015, average gross monthly earnings in the whole economy grew by 3%: in the public sector – 2.1%, in the private sector – 3.5%.