International Internet Magazine. Baltic States news & analytics
Monday, 08.02.2016, 01:46
Real wages in Lithuania rose by 5.8% in 2015 as compared to 2014, Statistics Lithuania said on January 29th citing preliminary data, informs LETA/BNS.
Keyword tags: Analytics, Financial Services, Lithuania, Markets and Companies, Wages
Workers in Latvia have the highest tax burden in the Baltics, Swedbank Institute of Finances has concluded, informs LETA.
The Latvian government should facilitate business growth in order to raise the living standard in the country to at least 90% of the EU average over the next ten years and to receive additional revenue that could be spent on defense, demography, social security and other needs, Janis Endzins, the board chairman of the Latvian Chamber of Commerce and Industry (LCCI), told the press on January 20th, informs LETA.
Latvian Saeima in November 2015 passed in the final reading a bill providing for charging a much-criticized tax on high salaries, or the so called solidarity tax, which goes into effect as of January 1st, 2016, informs LETA.
Salaries for ministers, the heads of Saeima groups and committees, parliamentary secretaries, as well as for the prime minister in Latvia will increase from January 2016, informs LETA.
The Estonian Police and Border Guard Board, which has been complaining for years that good workers are leaving its ranks, in 2015 for the first time ever registered a bigger number of people joining its ranks for the first time than leaving, reports LETA/BNS.
The listed Estonian shipper AS Tallink Grupp and its subsidiaries OU Hansaliin and OU Laevateenindus on Wednesday signed a collective agreement and pay accord with the Estonian Seamen's Independent Union (EMSA) for 2016 that will increase the payroll of Estonian ship crew members by 5.3% in 2016, reports LETA/BNS.