Posts tagged as minimum wage

Baltic States are the poorest in EU

By Kasparas Jankauskas on Wednesday, January 6, 2021

The Baltic States remain among the poorest regions in the EU. Despite the measures implemented by the leadership of Lithuania, Latvia, Estonia, the level of the minimum wage in these countries is one of the lowest in Europe. The question of setting a minimum wage is one of the most analyzed and debated topics in economics. Over recent years and in the context of the economic and social crisis engendered…

Lithuanian employers and trade unions hit impasse over minimum wage

Wednesday, September 30, 2020

Lithuania’s employers and worker representatives have failed to agree on raising the minimum wage, with the former saying the issue should be postponed until next year. The Trilateral Council, comprised of representatives of employers, trade unions and the government, finished a meeting on Wednesday without agreeing on a recommendation on how much to raise the minimum wage next year. “To sum it up, we are noting different opinions of every…

Estonia’s minimum wage is some of the lowest in the EU

Wednesday, February 12, 2020

According to Eurostat, the European Union’s statistics agency, Estonia has the eighth lowest minimum wage in the entire bloc – €584 a month. The seven countries that have an even lower minimum wage than Estonia are Bulgaria (€312), Latvia (€430), Romania (€466), Hungary (€487), Croatia (€546), the Czech Republic (€575) and Slovakia (€580). However, when comparing Estonia with Lithuania, the latter has a slightly higher minimum wage – €607. In…

The Baltics with ships, but without electricity

By Lukas Ramonas on Thursday, July 18, 2019

It became known yesterday that Lithuania will acquire a rescue vessel for the naval forces worth about 40 million euros. “The contract with the winner of the tender for the construction of the vessel is planned to be signed in December of this year,” the ministry said. A preliminary cost – 39.4 million euros. Moreover, electricity in Lithuania went up by 23% to 47.4 euro per megawatt-hour last week. Prices…

IMF welcomes structural reforms planned by the Government

Thursday, May 24, 2018

Prime Minister Saulius Skvernelis has met with an International Monetary Fund (IMF) mission at the conclusion of its visit to Lithuania. The mission focused on the Government’s efforts to boost productivity in a systematic way and reduce social disparities. According to the IMF, a package of six reforms proposed by the Government is a step in the right direction. ‘Despite the fact that the year 2017 was successful to Lithuania’s…