International Internet Magazine. Baltic States news & analytics
Saturday, 25.05.2013, 19:43
According to Statistics Estonia, in the 1st quarter of 2013, the average monthly gross wages and salaries were 900 euros and the average hourly gross wages and salaries were 5.63 euros. Compared to the 1st quarter of the previous year, the average monthly gross wages and salaries grew 6.3% and the average hourly gross wages and salaries 9.1%.
Keyword tags: Analytics, Estonia, Financial Services, Markets and Companies, Wages
On Tuesday Lithuania’s Prime Minister Algirdas Butkevicius confirmed that as of 2014 wages for cultural personnel and some law enforcement officials will be increased., reports LETA/ELTA.
In comparison with the 1st quarter 2012, the number of active population aged 15-74 in the 1st quarter 2013 has increased by 0.6%. Labour Force Survey results compiled by the Central statistical Bureau of Latvia show that active population in this age group comprises 1 030.2 thousand or 65.4%, of which 70.1% are men and 61.4% – women.
The shadow economy reduced to 21.1% of gross domestic product in Latvia in 2012, according a study on the shadow economy in the Baltic States presented at the Stockholm School of Economics in Riga today. The shadow economy grew to 18.2% of GDP in Lithuania and 19.2% in Estonia in 2012, writes LETA/Nozare.lv.
A fifth of Lithuanian residents in 2012 had illegal income. The shadow labour market has been shrinking the last years; however, it still remains very large, although employers face hefty fines, reports LETA/ELTA, referring to Kauno diena.
The Baltic Center for Investigative Journalism Re:Baltica in cooperation with the Royal Norwegian Embassy, Polish Embassy, and Stockholm School of Economics in Riga, organizes the conference “Learning to stand up: low wage earners in Latvia and the region” on May 22nd, 2013.
Insolvency Administrator of Snoras bank Neil Cooper has reported that he was still working in Lithuania, informs LETA/ELTA.