Wages

International Internet Magazine. Baltic States news & analytics Monday, 30.03.2020, 12:47

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airBaltic CEO Cuts Salary to Zero During Crisis

airBaltic CEO Cuts Salary to Zero During Crisis

25.03.2020

Today the President and CEO of airBaltic Martin Gauss announced that he will give up his salary during the crisis thus supporting the company in coping with this extraordinary situation, airBaltic representatives informed BC.

Keyword tags: Airport, Crisis, Good for Business, Latvia, Transport, Wages



Covid - 19 Latvia: Around 73,000 employees to receive downtime pay initially

Covid - 19 Latvia: Around 73,000 employees to receive downtime pay initially

24.03.2020

Initially, downtime pay during the period of the Covid-19 crisis will be provided to around 73,000 employees in transport and logistics, hospitality, tourism and creative industries, according to regulations worked out by the Economics Ministry and adopted by the government on Tuesday, reported LETA.

Estonian state to support self-employed with payment of social tax

Estonian state to support self-employed with payment of social tax

20.03.2020

The state will execute advance payments of social tax on behalf of self-employed persons for the first quarter to help such individuals cope with the impact of the economic difficulties going with the crisis, reported LETA/BNS.


Tallink Grupp cuts employee wages in Estonia 30%

Tallink Grupp cuts employee wages in Estonia 30%

20.03.2020

Listed Estonian shipper Tallink Grupp announced on Friday that due to the emergency situation caused by the coronavirus and its economic impacts, the group will reduce the wages of all employees of the group in Estonia by 30%, reported LETA/BNS.

Covid-19 Latvia: State to pay employees in hardest-hit sectors 75% of their wages if necessary

Covid-19 Latvia: State to pay employees in hardest-hit sectors 75% of their wages if necessary

17.03.2020

If necessary, the state will pay employees in sectors that are the hardest hit by the Covid-19 crisis 75 percent of their wages, with monthly caps set at EUR 700, Finance Minister Janis Reirs (New Unity) told journalists following Tuesday's government meeting, citing LETA/BNS.


03.03.2020

Estonia: Last year, average wages and salaries increased in all counties

According to Statistics Estonia, in 2019, the average monthly gross wages and salaries of Estonian enterprises, institutions and organisations were 1,407 euros, i.e. 7.4% higher than in 2018. The average monthly gross wages and salaries were higher in the second and fourth quarters.

02.03.2020

Latvia: In 2019, average earnings before taxes amounted to EUR 1 076

Data of the Central Statistical Bureau (CSB) show that in 2019 the average gross wages and salaries for full-time work in Latvia comprised EUR 1 076. Compared to 2018, the average earnings rose by EUR 72 or 7.2%.

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