Baltic states

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Minimum Wage Set to Rise in Baltic States in 2018

November 04, 2017
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...

Minimum Wage Set to Rise in All Baltic States in 2016

December 23, 2015
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...

Minimum Wages in Baltic States 2015

December 28, 2014
A year ago I wrote an article covering minimum wages in the Baltic States. In that article, I found that minimum wages for 2013/2014 were at EUR 330 in Estonia, EUR 320 in Latvia and EUR 290 in Lithuania. Now - 2015 will be a special year - starting 2015 all three Baltic countries will have Euro as currency,...

Baltic States Vs South Caucasus States by GDP 2013

September 10, 2014
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...

GDP In Former Soviet Union 2013

July 24, 2014
It has been already 24 years since collapse of Soviet Union, an empire that once threatened all the rest world with it's mighty military. Although military tough - economical weak. Or I was taught in school - USSR was military giant but economical midget. Well, long are those days of Mighty Soviet Union, what's...

Minimum Wages in European Union 2014

July 21, 2014
Minimum wage is set by government minimum standard of guaranteed income (hourly/monthly) that worker should receive for work he/she performs. In 2014, there were 22 countries out of 28 in European Union, which had their national minimum wages set. Update: Minimum Wages in European Union 2018 6 countries out...

Minimum Wages in Former Soviet Union 2014

July 21, 2014
Some time ago I already did a chart of minimum wages in Former Soviet Union, now some time - about 6 months have passed and I decided to take a look to minimum wages in Former Soviet Union one more time. Although minimum wages doesn't play major role on economic boost, it's still an indicator I like to know when...

Lithuania - a few thougts

May 06, 2014
Lithuania a small Baltic nation, once a part of Rzecpospolita, then a member of Soviet Union, now a small country on European Union Eastern border.The Anti-Russian sentiment seems is high just on TV, I guess.. I was surprised to see how good Lithuanians know and use Russian language. That is first thougt. Stop...

Minimum wage in Baltic states

November 10, 2013
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...

Population changes in former Soviet Union

November 08, 2013
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...

CIS, Baltics and Georgia GDP 2018

October 29, 2013
Recently I wrote an article about CIS, Baltic states and Georgia GDP 2012. Now I'm willing to take a look in future, and to see what might look like economies of former Soviet Union republics in 2018.Why 2018? I'm using IMF forecasts, and right now closest future forecasts available from IMF are till 2018.  ...

CIS, Baltics and Georgia GDP 2012

October 28, 2013
Remember the Soviet Union? Ever wondered what happened to those countries after collapse of Soviet Union? In our days - former soviet countries is called CIS, Baltic states and Georgia. Why so strange name? Well, shortly after collapse of Soviet Union, Russia, Belarus and Ukraine formed CIS - Commonwealth of...

Caucasus vs Baltics by forecast GDP 2013

October 06, 2013
In on of my previous posts - I measured GDP's in Baltic states and Caucasus in 2012. And in that blog post I asked a question, which of the regions first will achieve mark 100 bln USD GDP. In 2012 Baltic states had 92.47 billion USD in total, and Caucasus 92.94 billion USD in total. By doing simple calculations we...

Nordic countries GDP 2012

October 05, 2013
In one of my previous posts, I compared Baltic states to Caucasus by GDP in 2012. Now it's time to see - what's the economy of Nordic countries?GDP in Nordic countries 2012Denmark 314.2 billion USD Finland 250 billion USD Iceland 13.66 billion USD Norway 499.7 billion USD Sweden 525.7 billion USD As we can see from...

Baltic's vs Caucasus by GDP 2012

October 03, 2013
I would like to lay out some financial data about Baltic's and Caucasus region.GDP in Baltic states 2012Estonia 21.85 billion USDLatvia 28.37 billion USDLithuania 42.25 billion USDCaucasus GDP 2012Armenia 9.91 billion USDAzerbaijan 67.2 billion USDGeorgia 15.83 billion USDSo compared those 6 countries in 2 regions -...