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…
Construction costs in Latvia increased by 4.1% in June 2023, compared to a year earlier, according to data from the Central Statistical Bureau, LSM reports. Labour remuneration rose by 6.7%, maintenance and operational costs of machinery and equipment by 5.8%, and prices of building materials by 2.2% over a year. Compared to May 2023, construction…
The average gross monthly salary in job advertisements in Estonia amounted to EUR 1,481-1,947 in the first half of 2023, which was 13% higher than in 2022, according to data from recruitment portal CV Keskus, Postimees reports. The average salary offered for top specialists and middle managers stood at EUR 2,170-2,728 (up 17%), for mid-level…
The legal minimum wage in the Baltic States has risen the most in Lithuania over the past ten years, according to Eurostat data, LSM reports. Lithuania’s minimum wage stood at EUR 840 in July 2023, and has risen by an average of 11.2% per year compared to July 2013. In Estonia, the minimum wage has…