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%…
Teachers in Lithuania are staging a two-hour warning strike on 15 September 2023, BNS reports. The Lithuanian Education Employees Trade Union (LSDPS) expects around 5,000 teachers and other staff in 228 educational establishments to join the strike. The union demands a 20% increase in wages as of September 2023 and a further 30% rise from…
Average labour income in Lithuania stood at EUR 1,980 before taxes in the second quarter of 2023, which was up 12.3% from the same period of 2022, according to the State Social Insurance Fund (SoDra), BNS reports. The average monthly net wage amounted to EUR 1,230, which was up 11.2% over a year. The fastest…
Latvia’s average gross monthly wage amounted to EUR 1,525 in the second quarter of 2023, which was up 12.0% from the same period of 2022, according to the Central Statistical Bureau’s working-day and seasonally non-adjusted data, LSM reports. Average wages rose by 12.2% in the public sector and by 11.9% in the private sector over…
Estonia’s average monthly gross salary amounted to EUR 1,873 in the second quarter of 2023, which was up 12.4% from the same period of 2022, according to data from Statistics Estonia, The Baltic Guide reported. The highest average salaries were in information and communication (EUR 3,257), finance and insurance (EUR 2,953), and energy supply (EUR…
Estonia’s real GDP will decline by 2.0% in 2023, according to the Ministry of Finance’s latest forecast, BNS reports. The GDP will grow by 2.7% in 2024, by 3.0% in 2025, by 2.5% in 2026, and by 2.2% in 2027, the ministry projects. Earlier, the ministry expected real GDP to drop by 1.5% in 2023…
The amount of VAT violations in Estonia doubled in the first seven months of 2023, according to the Estonian Tax and Customs Board (EMTA), BNS reports. EMTA inspected and advised 5,000 companies over the period, resulting in increased VAT obligations of EUR 35.8mn, which is twice as much as a year earlier and EUR 6mn…