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CORPORATE

Lithuania’s wage and labour productivity dilemma

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 […]

CORPORATE

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 of Lithuania says this could be a problem for the country’s economy. Labour productivity has […]

Nerijus Mačiulis
CORPORATE

Why are Lithuanian wages the lowest in the region? – An economist explains

The absence of an increase in foreign direct investment into Lithuania is one of the key reasons why the average wage in Lithuania is the lowest in the region. “The ratio of attracted investment is […]

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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 monthly according to TV3 news. […]