Investments

There have been some positive improvements for raising the minimum wage in all three Baltic states (Estonia, Latvia, and Lithuania) in recent years. And there are more to come. In 2016 minimum wage is set to rise in all Baltic states. Estonia will have a minimum wage of EUR 430; Latvia - EUR 370 and Lithuania - EUR 350. Update: Minimum Wage Set to Rise in the Baltic States in 2018 Here are my previous articles about minimum wage in Baltic states: Minimum wage in the Baltic States 2013 and…

My previous post about average salary in European Union for 2014 generated some buzz on social networks (Facebook, Reddit, Twitter) and on other websites, in total it has generated more than 15,000 page views. I decided to compare how does average salary have changed a year later. Update: Average Salary in European Union 2018 And I found following; Average median salary has decreased for about -1.3% in European Union in 2015, resulting in EUR 1470 / USD 1631 down from EUR 1489 / USD 1861 in…

A year ago I created a blog post about minimum wages in European Union in 2014, that post generated a lot of views (more than 20,000 page views) and some buzz (got shared on Facebook, Reddit, and many other websites) Update: Minimum Wages in European Union 2018 I decided to look back and compare how does minimum wage has changed in European Union member countries a year later (2015) Minimum wage in European Union 2015 In short - minimum wage has been increased almost in every country,…

Welcome to my third savings report, today I will look at historical exchange rates of GEL/USD and EUR and compare those with at the end of January (2015) with February 24. I started to save some chunk of money back in September 2014, since my "investments" was too small to buy some bonds, stocks or mutual funds, I decided to open a Savings account here in Georgia (I'm currently living here) in local commercial banks. I started low - by depositing some 300 GEL (what back then equaled to  to $…

A time ago, in September 2014, I started to save some money, I was so eager to save money, that I even started a new category on my blog - 'Savings Reports'. 4 months from my first, and yet latest, Savings report have passed, back then in September I deposited a small amount of sum of 300 GEL, which back then equaled to $169.68 or EUR 131.81. By today's exchange rates 300 GEL would equal to $145.27 or EUR 128.75, which basically means following, since the end of September Georgian national…

Georgia has been experiencing significant growth in the lending business in recent years. With a favorable economic environment and a friendly business climate, many lending companies have been attracted to the country, offering a wide range of financial services to businesses and individuals. In this article, we'll take a closer look at the lending business in Georgia and how it has been evolving. The lending business in Georgia is regulated by the National Bank of Georgia (NBG). The NBG is…

The Baltic States, which include Estonia, Latvia, and Lithuania, have been recognized as one of the fastest-growing regions in the European Union. The region has experienced significant economic development, attracting foreign investment, and becoming a hub for technology, finance, and other sectors. One crucial aspect of this growth is the regulation of minimum wages. In 2015, the minimum wages in the Baltic States were as follows: Estonia - The minimum wage in Estonia was €390 per month…

Russia and Armenia share a long history of cultural, political, and economic ties, with the former playing a significant role in the development of the latter. Both countries have been closely linked since the days of the Soviet Union, with Armenia being one of the fifteen republics of the Soviet Union. Even after the collapse of the Soviet Union, Russia continued to maintain a strong relationship with Armenia. Political Relations: The political relationship between Russia and Armenia has…

A time ago I measured what is the minimum government set wage in European Union (EU). It turned out - the most minimum wage is received in Luxembourg while the least in Romania. In today's article - average salary in EU for the year of 2014. Update: Average Salary in European Union 2018 Average salary in European Union 2014 Rank Country USD NET EUR NET Year 1 Luxembourg 3986.25 3189 2010 2 Denmark 3902.5 3122 2012 3 Sweden 3362.5 2690…

Armenia, a small, landlocked country in the South Caucasus, joined the Eurasian Economic Union (EEU) in 2015. The EEU is an economic bloc that includes Russia, Kazakhstan, Belarus, Kyrgyzstan, and Armenia. Joining the EEU marked a significant shift in Armenia's foreign policy and has had major implications for its economy. One of the primary benefits of joining the EEU was improved access to the Russian market. Russia is a major trading partner for Armenia, and the EEU membership has…