minimum wage

Ongoing negotiations about European minimum wage: what to expect?Ongoing negotiations about European minimum wage: what to expect?
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Ongoing negotiations about European minimum wage: what to expect?

The European Commission has launched a period of formal consultations on the establishment of a minimum wage in all countries…

5 years ago
Wage growth in Lithuania, is it a sprint or a marathon?Wage growth in Lithuania, is it a sprint or a marathon?
  • Opinion

Wage growth in Lithuania, is it a sprint or a marathon?

In Q1 this year, the average monthly gross income was 9.4% higher than a year ago. Wage growth in Lithuania…

6 years ago
Latvia responds to growing minimum wage in LithuaniaLatvia responds to growing minimum wage in Lithuania
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Latvia responds to growing minimum wage in Lithuania

Lithuania has surpassed its northern neighbour Latvia when it raised the minimum wage to €380, which is €10 more than…

9 years ago
Salary increases to require €120m from Lithuanian budgetSalary increases to require €120m from Lithuanian budget
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Salary increases to require €120m from Lithuanian budget

Finance Minister Rasa Budbergytė has met with the Labour Party parliamentary group to discuss possibilities to increase public sector salaries…

9 years ago
  • Economy

Over one fifth of Lithuanians face poverty

Some 640,000 of Lithuania's population, or 22.2%, were below the poverty risk line in 2015, up by 3.1 points year-on-year,…

9 years ago
  • Economy

Government to consider matching tax-free income with minimum wage

The Government will discuss on Thursday whether or not it should support a proposal to increase the tax-free income level.To…

9 years ago
Lithuanian minimum wage rises for second time this yearLithuanian minimum wage rises for second time this year
  • Economy

Lithuanian minimum wage rises for second time this year

Lithuania's minimum monthly wage will be increasing on Friday by €30 to €380.To read this article, try a €5.99 monthly…

9 years ago
Lithuanian economists doubt benefits of lifting minimum wageLithuanian economists doubt benefits of lifting minimum wage
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Lithuanian economists doubt benefits of lifting minimum wage

A range of economists and employers have criticised the decision of Lithuania‘s government to raise the minimum wage again in…

9 years ago
Over 120k Lithuanians made below minimum wage last yearOver 120k Lithuanians made below minimum wage last year
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Over 120k Lithuanians made below minimum wage last year

Last year, more than 120,000 employees in Lithuania earned less than the minimum wage. This year, the numbers have dropped…

9 years ago
Lithuanian wages growing faster than productivityLithuanian wages growing faster than productivity
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Lithuanian wages growing faster than productivity

The accelerating rate of Lithuanian wage growth has not been met with an increase on labour productivity and the Bank…

9 years ago
Lithuanian president supports increase in non-taxable income for low paidLithuanian president supports increase in non-taxable income for low paid
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Lithuanian president supports increase in non-taxable income for low paid

Lithuania‘s President Dalia Grybauskaitė has welcomed the ruling coalition‘s plans to increase non-taxable income for workers to €310 saying she…

9 years ago
Lithuanian wage growth fastest since financial crisisLithuanian wage growth fastest since financial crisis
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Lithuanian wage growth fastest since financial crisis

The average wage in Lithuanian was 6.9% higher in the first quarter of 2016 than the same period last year.This…

9 years ago
Lithuania’s Tripartite Council approves minimum wage rise in JulyLithuania’s Tripartite Council approves minimum wage rise in July
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Lithuania’s Tripartite Council approves minimum wage rise in July

Lithuania’s Tripartite Council has said it approves of government plans to raise the minimum monthly wage from July 1.“Last year…

9 years ago
Auction politics: Lithuanian parties compete to promise highest minimum wageAuction politics: Lithuanian parties compete to promise highest minimum wage
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Auction politics: Lithuanian parties compete to promise highest minimum wage

With parliamentary elections getting closer, the Lithuanian Social Democratic Party, the Homeland Union - Lithuanian Christian Democrats (TS-LKD) and the…

9 years ago
Lithuanian salaries to grow strongly this yearLithuanian salaries to grow strongly this year
  • CORPORATE

Lithuanian salaries to grow strongly this year

The average salary in Lithuania this year will grow by 7% and next year by 6%, according to SEB Bank…

9 years ago
  • Economy

IMF tells Lithuania to pause on minimum wage hikes

The International Monetary Fund (IMF) says Lithuania should put a pause on raising the minimum wage in order to sustain…

9 years ago
  • CORPORATE

Salary increases in Latvia outpace Lithuania

The average wage in Latvia has reached €603 after tax in 2015, growing 7.6% from the year before. [...]

9 years ago
  • CORPORATE

Highest monthly wage in Lithuania hits record €250k in 2015

The highest monthly salary in Lithuania last year hit €250,000 with about 200 people earning into the tens of thousands…

9 years ago
  • CORPORATE

Falling ruble brings average Russian wages close to minimum in Lithuania

With plummeting oil prices the ruble continues to decline against the euro and other currencies to such an extent that…

9 years ago
  • Economy

Higher minimum wage will lead to higher prices

A higher minimum wage, which will increase again in July, will inevitably lead to higher service prices, according to economists.…

9 years ago