DELFI / Kiril Čachovskij
Over the first quarter of this year, labour costs grew by 6.1% compared to the same period last year.
Statistics Lithuania reported that labour costs for business companies grew by 7% during the same period.
The greatest labour cost growth was in real estate (11.4%), hospitality and catering services (10.2%) and information and communication (9.7%). The slowest growth was in public management and defence (1%), construction (1.2%) and education (3%).
The growing cost per work hour, corrected for the number of work days, was caused by a larger minimum wage, larger severance pay and other factors, said statisticians.
Through January and March of this year, the greatest cost per hour of work was in the financial and insurance industry (at €13.30) and the lowest was in the hospitality and catering industry (at €4.30).
When calculating labour costs, Statistics Lithuania includes wages, benefits, social payments, professional training and qualification expenses, etc.
Verslo Žinios
On the eve of the Independence Day of the Republic of Kazakhstan, on December 13,…
Kęstutis Budrys, the President's Senior Adviser, who has been nominated for the post of Minister…
In the heart of Bulgaria, the city of Plovdiv reveals a rich tapestry of ancient…
"We can shout very loudly, but it won't change the position of the American people,"…
From mocking messages flooding social networks to harsh criticism from political experts, the decision of…
Republic Day has been celebrated in Kazakhstan as the main national date since 2022, giving…