The minimum gross monthly wage in Lithuania may exceed EUR 1,000 in 2025, Social Security and Labour Minister Monika Navickiene forecast, BNS reported. Speaking in an interview with Ziniu Radijas, Navickiene assured that the minimum wage would definitely surpass the poverty risk threshold. Lithuania’s Tripartite Council is still in talks on the minimum wage hike…
The unadjusted gender pay gap in the Baltic States was highest in Estonia in 2022, according to Eurostat data, LSM reported. In Estonia, women’s average gross hourly wage was 21.3% lower than that of men in 2022, which was up from 20.5% in 2021. The gender pay gap stood at 17.1% (14.6%) in Latvia and…
Estonia’s real GDP will continue to decline by 0.3% in 2024 but will increase by 2.8% in 2025, according to Swedbank’s latest macroeconomic forecast, ERR reports. The bank expects the current recession in Estonia to end in the middle of 2024. Moderate growth will return in 2025, driven by stronger domestic demand and exports. Annual…
The Estonian Educational Personnel Union (EHL) has ended a nationwide strike of teachers and accepted the government’s proposal allocating an additional EUR 5.7mn to raise teacher salaries in 2024, ERR reports. Under the agreement, the minimum salary for general education teachers will rise by EUR 17 to EUR 1,820 per month. Also, collective negotiations will…
The growth of household income in Lithuania will exceed inflation by 3-4 times in 2024, Social Security and Labour Minister Monika Navickiene forecasts, BNS reports. The Social Security and Labour Ministry expects that household income will rise by an average 12% on year in 2024, while the Finance Ministry expects Lithuania’s average annual inflation to…
The Estonian Education Personnel Union (EHL) has called an open-ended general strike of education workers for 22 January 2024, ERR reports. Around 2,800 teachers in Tallinn will participate in the strike and another 500 in a sympathy strike. Meanwhile, teachers in Tartu will not take part in the general strike as they have signed a…
The minimum wage rose in all three Baltic States as of 1 January 2024, WageIndicator reported. The highest minimum monthly gross wage is in Lithuania, rising from EUR 840 in 2023 to EUR 924 in 2024. In Estonia, the minimum wage went up from EUR 725 to EUR 820 per month. Latvia has the lowest…
The Lithuanian Education Employees Trade Union (LSDPS) started a teacher strike on 29 September 2023, LRT reports. The union expects around 3,000 teachers to join the strike. LSDPS chairman Andrius Navickas said that the strike could last about a month. Teachers will march on Vilnius and will hold a picket in front of the government…
Estonia’s GDP will decline by 2.2% in 2023 and grow by 1.4% in 2024 and 4% in 2025, according to the Bank of Estonia’s latest forecast, ERR reports. In June 2023, the central bank projected a 1% drop in GDP in 2023 and a growth of 2.4% in 2024. Annual inflation will amount to 9.4%…