Estonia

Minimum Wages in the Former Soviet Union: A Look at 2013

| 3 views

The former Soviet Union was a vast region that encompassed a number of countries with distinct cultures, economies, and political systems. In 2013, the region was still recovering from the economic and political upheavals of the previous decades,…


Minimum wage in Baltic states

| 0 views

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…


Estonia to catch up Scandinavia in next 10-15 years

| 2 views

I have red some interesting article on Estonian Public Broadcasting (news.err.ee) in which  professor of economics, at Tartu University, Raul Eamets predicts that it will take 10-15 years for Estonian incomes to catch up with those of Nordic…


A Look at the 2013 GDP Forecasts for Baltic States and Caucasus

| 2 views

t is fascinating to compare the economic growth of the Baltic states and Caucasus regions and make predictions on their future growth. The competition between these two regions to achieve a GDP of 100 billion USD is intense. In 2012, the total GDP…


Baltic States vs Caucasus Region: A Comparison of GDP in 2012

| 3 views

The Baltic states and Caucasus region both have unique economic landscapes that make for an interesting comparison. Let's start by looking at the GDP in each of the six countries in 2012. Azerbaijan was the wealthiest country with 67.2 billion USD…