PM expects wages to rise in future

“The average salary in foreign-owned companies amounts to 1,200 euros. Our businesses will have no way of avoiding it, because competition in the labor market is huge. With increasing labor productivity, efficiency, technological upgrades, salaries have to grow,” Skvernelis said on LRT Radio on Tuesday morning.

“Jobs paying such a salary (of 1,000 euros) are available in the market today, but employers sometimes have problems finding people who not only want, but, most importantly, can do the job,” he added.

According to the latest figures from Statistics Lithuania, average gross monthly wages in Lithuania’s economy, excluding sole proprietorships, rose by 8.7 percent in the second quarter of 2017 compared with a year ago to reach 838.7 euros. Average net monthly wages grew by 9.7 percent year-on-year to 659 euros.

Related Post

Quarter-on-quarter, gross wages rose by 2.6 percent and net wages were up by 2.2 percent,

Real wages edged up by 0.4 percent over the quarter and were up by 6 percent over the year.

Share

Recent Posts

  • Tribune

Historical novel by Kazakh writer Ermek Tursunov “Mamluk”in Lithuanian language presented in Vilnius

On the eve of the Independence Day of the Republic of Kazakhstan, on December 13,…

4 days ago
  • Foreign affairs

After Nausėda meeting with Budrys, the opposition retorts to the candidate’s “cooling off “

Kęstutis Budrys, the President's Senior Adviser, who has been nominated for the post of Minister…

1 month ago
  • Tribune

Rediscover Bulgaria’s Ancient Heritage: Plovdiv’s Restored Eastern Gate and Nebet Tepe

In the heart of Bulgaria, the city of Plovdiv reveals a rich tapestry of ancient…

1 month ago
  • Foreign affairs

“No need to mince words”: an assessment of what Trump’s victory means for Lithuania

"We can shout very loudly, but it won't change the position of the American people,"…

2 months ago
  • Latest

Lies, disrespect and mockery: experts assess Blinkevičiūtė’s “gift” to voters without scruples

From mocking messages flooding social networks to harsh criticism from political experts, the decision of…

2 months ago
  • Foreign affairs

Another year in the sovereign history of Kazakhstan

Republic Day has been celebrated in Kazakhstan as the main national date since 2022, giving…

2 months ago