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Wage growth in Lithuania accelerated to 4.6 percent in Q2

In the second quarter of this year annual nominal growth of gross wages accelerated to 4.6%. Meanwhile, real net wages increased by 4.9%, due to increase in non-taxable income threshold as of January 1st. However, the main factors behind rapid wage growth were general economic growth, declining unemployment and an increasingly pronounced shortage of qualified labour force. […]


Lithuania’s GDP reaches pre-crisis level

According to the flash estimate, in the second quarter of this year annual GDP growth decelerated marginally to 3.1%. Seasonally and working day adjusted quarterly growth was unchanged at 0.7%. After six years GDP has finally reached the pre-crisis level. Estonian economy could reach pre-crisis level next year, while Latvian prospect is a little more distant. […]