The average monthly gross wage in Lithuania amounted to EUR 2,427.6 in the third quarter of 2025, which was up 8.5% from the same period of 2024, the State Data Agency (VDA) reported. The average net wage stood at EUR 1,484.4, which was up 7.8% over a year. Compared to the second quarter of 2025,…
Latvia’s average monthly gross wage amounted to EUR 1,835 in the third quarter of 2025, which was up 7.8% from the same period of 2024, according to data from the Central Statistical Bureau (CSP), LSM reports. The average wage rose by 8.1% in the private sector and 7.1% in the public sector. The average hourly…
Employer and trade union groups in Estonia have begun talks on raising the minimum wage, ERR reports. Under an agreement signed in 2022, the minimum wage was to rise to 50% of the average wage by 2027. The monthly minimum wage would thus increase by about EUR 100 to just under EUR 1,000 in 2026….
Employee optimism about wage growth is waning in the Baltic States, according to Citadele Bank’s Purchasing Barometer survey in August 2025, BNS reports. The survey showed that 15% of Lithuanian workers expect a pay rise in the next three months, compared to 12% in Latvia and just 6% in Estonia. Meanwhile, 10% of workers in…
The Foreign Investors Council in Latvia (FICIL) has called for reforming the country’s labour laws, LSM reports. FICIL said that Latvia’s labour market faced “growing structural challenges”, which it said were “driven by demographic decline, a mismatch between labour skills and market needs, and outdated regulations.” The business lobby group called for reforms to “enhance…
Lithuania’s GDP rose by 3% over a year in 2024 to EUR 79bn at current prices, according to the State Data Agency’s (VDA) revised data, BNS reports. Gross value added in manufacturing rose by 2.9% and in wholesale and retail trade by 2.6% in constant prices. Growth in professional, scientific, and technical activities stood at…
Estonia’s GDP growth will reach 0.6% in 2025, according to the latest economic forecast from the Bank of Estonia, Estonian World reports. In June 2025, the central bank forecast that the GDP would rise by 1.5% in 2025. The central bank expects Estonia’s economy to grow by over 3% in 2026 and 2027, boosted by…
Latvian ministries have submitted 250 proposals for spending cuts, Finance Minister Arvils Aseradens announced, LSM reports. Ministries have suggested cuts in remuneration, subsidies, goods and services, and other expenditure. The proposals would reduce public sector spending by EUR 150mn in 2026, the Finance Ministry estimated. The ministry targets cumulative spending cuts of up to EUR…
Lithuania’s average gross monthly wage amounted to EUR 2,218 in 2024, which was up by EUR 204 (10.2%) from 2023, according to the State Data Agency (VDA), BNS reports. The average net monthly wage increased by EUR 116 (9.3%) to EUR 1,365. Real wages rose by 8.5% over a year. The main drivers of wage…