In recent years, not only employee wages but also business owners’ profits have been rising. And increasing profits do not always reach the employees’ wallets. Bank of Lithuania economists, who made such conclusions, explain that […]
In Q1 this year, the average monthly gross income was 9.4% higher than a year ago. Wage growth in Lithuania looks even more impressive is net wage growth – due to the reduced tax burden, […]
How many employees receive a Christmas bonus (13th salary) and year-end bonuses? What is their average amount? Paylab took a detailed look at the standards and conventions in individual European countries where this international salary portal maintains a strong network of local salary portals, Paylab reported in a press release. […]
Returning from the head banker meeting in Frankfurt recently, the head of the Bank of Lithuania Vitas Vasiliauskas states that wage growth in Lithuania is, on one hand, a positive factor, however on the other […]
The majority and government institutions are celebrating the new Labour Code, however it does not appear they are certain how to practically apply it. Furthermore for the near future they do not intend to penalise […]
According to the German-Baltic Chamber of Commerce (AHK) economic survey 2017, Lithuania is one of the best locations in Central and Eastern Europe. Companies in Lithuania want to invest more and expect they will need more staff. However, increasing wage costs are expected. The scores for the fight against corruption, transparency of procurement and the availability of skilled workers slightly dampen the positive mood, German-Baltic Chamber of Commerce informed in a press release. […]
Most domestic workers are dissatisfied with their wages and while they’re searching for a new employer they’re interested in future salary. Since the start of this year the average wages in the companies are made […]
Government program plans to move the taxes that are paid by the employers’ and merge them with the employees. The Government promised to tell how they were going to do that by the beginning of […]
In the Government’s instrument plan there is a point in which the Government is committed to reach a national agreement on wages up to this year’s third quarter, jLRT.lt reported. Prime Minister Saulius Skvernelis to […]
Lithuanian politicians say that higher wages may stop Lithuanians from leaving their country, but businesses argue that such steps as revamping the education and tax systems and cutting back on the state bureaucracy might put emigration on a declining patch, the business daily Verslo Žinios reported on Thursday. […]
A thousand euro sounds solid. That is how much politicians promised prior to the Seimas elections and this is how much the Latvians declared they would reach by 2020. However Lithuanian economists are optimistic, Lithuania […]
In January consumer prices increased by 0.3% compared with December and were 2.3% higher than a year ago. […]
On February 8 the government made it easier to employ specialists from third countries in Lithuania, a list of 27 professions in high demand in Lithuania was released. Opponents warn that easily allowing cheap labour […]
While seeking work based on their profession a person can choose between a government institution and a private company. While wages are rising faster in one of these sectors, in the other, according to statistics, […]
Employers are struggling for employees still remaining in Lithuania and are raising wages at the fastest rate in the European Union, but emigration is hurting long term economic growth. […]
Opinions are divided on why Lithuanians make relatively low wages, even compared to their northern neighbours in Estonia. As pointed out by the chief economist for Swedbank, Nerijus Mačiulis, there is a plethora of reasons […]
Lithuania, along with Hungary, Latvia, Romania and Bulgaria, offer the lowest production costs in the EU, the latest Eurostat data shows. Average hourly labour costs in the manufacturing industry in Lithuania in 2015 was €6.7 […]
Finance Minister Rasa Budbergytė has met with the Labour Party parliamentary group to discuss possibilities to increase public sector salaries next year. “We can promise specific values only when we have clear budget figures. We […]
Lithuania’s minimum monthly wage will be increasing on Friday by €30 to €380.
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