Baltic states

In 2023 minimum wage is set to increase in all Baltic states. Estonia will have a minimum wage of EUR 725; Latvia - EUR 620 and Lithuania - EUR 800. During the past 5 years minimum wages across the Baltics have experienced a steep increase, and in some cases even doubled. When compared to 2018, Estonia's minimum wage has increased by EUR 225, Latvia's by EUR 220, and Lithuania's by a whooping EUR 400. Despite pretty decent increases in the Baltic States, minimum wages here are still among the…

During the past few years, there have been some positive improvements for raising the minimum wage in all three Baltic states (Estonia, Latvia, and Lithuania). In 2018 minimum wage is set to rise in all Baltic states again. Estonia will a have a minimum wage of EUR 500; Latvia - EUR 430 and Lithuania - EUR 400. That' s a pretty decent leap if compared with 2016, when minimum wages were set at EUR 430 in Estonia, EUR 370 in Latvia and just EUR 350 in Lithuania. See: Minimum Wage Set to Rising…

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…

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…

A while ago I already compared Baltic nations with Caucasian nation by GDP (that time I was comparing data for 2012). Since it's second half of 2014 already, I decided to compare how 6 independent states looks alike in 2013 (Most recent data we can get from World Bank) Some might argue - why I'm comparing those regions? Well - why not?  Baltic states and South Caucasus GDP 2013/2012 Country 2012 ($bln) 2013 ($bln) Growth ($bln) Azerbaijan 68.73 73.56  4.83 Lithuania…

The minimum wage is set by the government as the minimum standard of guaranteed income (hourly/monthly) that a worker should receive for the work he/she performs. In 2014, there were 22 countries out of 28 in European Union, which had their national minimum wages set. 6 countries out of 28 have no minimum wage set by the government at all, but they have some collective bargaining agreements. Countries that don't have a minimum wage set by the government in European Union - Austria, Denmark,…

It has been six months since I last analyzed the minimum wages in the former Soviet Union. Although it is not a major factor in economic growth, the minimum wage is still a relevant indicator in understanding a country's economic status. In my previous research in 2013, I found that Estonia had the highest minimum wage of $427, while Kyrgyzstan had the lowest at just $17 per month. In this updated analysis for 2014, the highest minimum wage is still in Estonia, with an increase to $480, and…

Minimum wages in the Baltic states are the lowest ones in the European Union. In 2013 minimum wage in Baltic states was $427 in Estonia, $379 in Latvia and $385 in Lithuania. Update: Minimum Wage Set to Rise in the Baltic States in 2018 Difference between "richest" Estonia and "poorest" Latvia in 2013, in terms of minimum wage, was = $48   Estonia has announced to increase its minimum wage by 35 EUR both in 2014 and 2015. In 2014 minimum wage in Estonia will be $474. Latvia plans to…

15 former Soviet Union republics, then and now. In 1990 in the Soviet Union lived 287.728 million people. In 2012 in the former republics lived 290.587 million people, which is 0.98% increase. A pretty small increase for 22 years.   The thing is, not all former Soviet republics have developed equally in next 22 years, since the collapse of Soviet Union. Countries with population decrease: Country 1990 2012  Change mln  % Latvia 2.663 2.025 -0.638 -31.5 Lithuania…

I recently wrote an article exploring the Gross Domestic Product (GDP) of the Commonwealth of Independent States (CIS), Baltic states, and Georgia in 2012. Now, I'm turning my gaze to the future and examining what the economies of the former Soviet Union republics may look like in 2018. Why 2018? I'm relying on IMF forecasts, and as of now, the closest future projections available from the IMF extend until 2018. As per the data provided by the IMF, in 2018, the largest economy in the CIS,…