bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Tuesday 22.08.2017 | Name days: Rudīte, Everts
LatviaLatvia

Latvia's average wages keep increasing

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Data compiled by the Central Statistical Bureau of Latvia show that the average wages and salaries in the country are growing already for the third year in a row.

Аuthor: Evija Trifanova/LETACompared to Q1 of the previous year, gross wages and salaries in Q1 of 2013 have increased by 4.2% (from 466 LVL to 486 LVL); rise in public sector comprises 4.4% (from 488 LVL to 510 LVL), in private sector – 4.3% (from 453 LVL to 472 LVL), while growth in the general government sector constituted 5.1% (from 446 LVL to 469 LVL).

Net wages and salaries (after taxes) in Q1 accounted for 350 LVL – namely 72% of the wages and salaries before taxes (gross); moreover, as personal income tax since 1 January 2013 was diminished from 25% to 24%, the share of net wages increased by 1 percentage point. Growth of the net wages and salaries during the year exceeded the growth of consumer prices (0.4%) by 4.8%, thus increasing the purchasing power of employees.

In comparison with Q4 of 2012, gross wages and salaries in the country dropped by 1.7%. Decline in the public sector constituted 4.0%, in private sector – 0.3%, while in general government sector – 2.2%.

In Q1 of this year, average monthly gross wages and salaries, calculated increasing the wage earner number by the number of unemployed persons engaged in the paid temporary public works, constituted 482 LVL. Data of the State Employment Agency show that, in Q1, on average 8.6 thousand unemployed persons were participating in the paid temporary public works.

As compared to the corresponding period of 2012, the highest rise of wages salaries in the 1st quarter of 2013 was recorded in public administration – of 8.0%, trade – of 6.4%, information and communication – of 6.2%, construction – of 6.1%, agriculture – of 5.8%, and real estate activities – of 5.3%.

Growth of wages and salaries in the above sectors was influenced by the increase in both regular wages and salaries as well as irregular bonuses and premiums. In 2013, the highest rise in the public administration sector was observed in wages and salaries received by the employees of the Ministry of Interior and Ministry of Justice. Due to the changes of average wages and salaries in the country, also wages of Saeima deputies and other officials have risen.

During the year, no changes were recorded in the wages received by the persons engaged in water supply; sewerage, waste management, and remediation activities, while slight wage reduction was observed in administrative and support service activities – of 0.2%.

Wages and salaries in manufacturing sector have increased less than a year ago – in comparison with Q1 of 2012, monthly gross wages and salaries in Q1 of 2013 have went up by 3.6% (in 2012 – on average by 4.6%).

Ref: 102.109.109.7547


Leave a reply

  1. JPR says:

    Real workers deserve more. The handjob hunnies and their ilk, shoud get a lot less. E.g. 5 Lats per job.

    Thumb up 0 Thumb down 0

Government establishes prohibition to wear face-concealing clothes in public

On Tuesday, 22 August, Latvian government supported Justice Ministry’s proposed legislative draft on restrictions for face-concealing clothes, which prohibits residents from wearing such clothes in public places.

Experts explain why a teenager’s «I don’t know» is so dangerous

Most often we say things like «I don’t know» because we are afraid of making choices. Reaching their teens, youngsters become more independent, and the inability to make responsible decisions and say «no» can have serious consequences, says psychologist Sabine Vilcina and youth motivation programme «MOT. Izvēlies drosmi!» manager Ilze Paidere-Stake.

Traders: following VAT decline, prices of goods will decline as well

Latvian Association of Food Traders supports Agriculture Ministry’s proposal to reduce VAT rate for food and separate food product groups. Traders confirm that this step will also reduce food product prices in stores.

The most major risks and solutions for real estate purchase and rent with option to buy

To acquire housing in one’s property, often residents use rent with an option to buy. Sworn attorney Zanda Zaluma of Eversheds Sutherland Bitāns shares advice resident should keep in mind when signing real estate contracts.

Finance Minister: businessmen will be forced to pay larger wages

The current market situation shows that Latvia should speed up its education reform and think about attracting additional human resources from other countries, said Latvian Finance Minister Dana Reizniece-Ozola in an interview to Latvijas Radio.

Latvia to procure Stinger anti-air missile launchers

A mutual contract has been signed between Latvian Defence Ministry and Danish Defence Ministry for the procurement of anti-air missile launchers used by the Danish armed forces, as confirmed by Latvian Defence Ministry.

Oil prices and stock exchange indexes decline in Europe

On Monday, 21 August, oil prices declined. Exchange indexes in USA increased slightly, whereas exchange indexes in Europe declined because of concerns over the policy implemented by the administration of US President Donald Trump.

Terrorists in Barcelona were planning three explosions

Terrorists, who performed two attacks in Catalonia last week, were initially planning to blow up three shuttle buses in crowded areas in Barcelona, as reported by El Espano.

Lawyer: Maxima wants to earn by reducing compensations for the tragedy

Maxima Latvija and Zolitude 21.11 have reached an agreement on payment of EUR 900,000 to support victims of Zolitude tragedy – EUR 5,000 to EUR 75,000 to each person, as reported by Maxima Latvija.

Producer prices in industry in Latvia grew 0.4% in July

Compared to June, the level of producer prices in Latvian industry rose by 0.4 % in July 2017. The prices of products sold on the domestic market increased by 0.5 %, whereas the prices of exported products grew by 0.3 %.

Enefit: Latvia reduces electricity price difference with neighbouring countries

In recent years, Latvia has managed to reduce the electricity price difference with other Baltic neighbouring countries, as reported by Enefit Chairman Janis Bethers.

Farmers Saeima: butter price will not remain high for long

The high price on butter in Latvia will not remain so high for long, said Farmers Saeima Vice-Chairperson Maira Dzelzkaleja-Burmistre in an interview to 900 seconds programme of LNT.

Aseradens elected as chairman of Unity; Krisjanis Karins to lead party’s city council faction

Unity elected Economy Minister Arvils Aseradens as the new chairman of the party. MEP Krisjanis Karins has been elected as the party’s leader in Riga City Council with Santa Zarane as his deputy.

LPS manager: forming the budget, it is important for municipal funding to stay the same

In the formation process of the next year’s state budget, it is necessary to guarantee finances do not reduce for municipalities, said the chairman of Latvian Association of Local and Regional Governments Gints Kaminskis in an interview to Latvijas Radio.

Police to organize inspections in stores; parents asked to watch their children as well

For the new school year, Riga Municipal Police will be performing regular inspections at stores, bars and cafes from 21 August to 31 August, as well as the first days of September, to make sure minors are not sold alcohol and tobacco products, BNN was told by police.

Colder masses of air to enter Latvia this week; more rain expected

This week’s weather in Latvia will be dictated by a cyclone hovering above Northern Europe. Colder masses of air will flow into the country. A lot of rain is expected in Latvia this week, as reported by State Environment, Geology and Meteorology Centre.

Kirsis asks police to assess possible forging of votes at Riga City Council

Riga City Council’s Unity faction chairman Vilnis Kirsis has asked State Police to check if the city council’s electronic voting system was used without another deputy’s knowledge or consent, said the politician.

Expert: attack in Spain shows how terrorists switched to more easily reachable targets

Terrorist attacks that transpired in Spain this week shows how terrorists have switched to more easily reachable targets, where security requirements are not as strict, says Latvian National Defence Academy’s Security and Strategic Research Centre researcher Martins Hirss.

New mandatory tests in schools to be introduced four years from now

In four years’ time – 2021/2022 school year – it is planned to introduce completely new mandatory tests in schools, as reported by State Education Content Centre Director Guntars Catlaks.

Nearly 9,000 children and their parents got homes thanks to state support programme

In the first half-year of 2017, state support helped 1,527 families in Latvia to buy homes. Compared with last year, families’ demand for state support has grown 6%, as reported by Altum finance institute.

Prediction: Aseradens will likely take control over Unity

Economy Minister Arvils Aseradens will become the head of Unity, Betsafe bookmakers predict. The possibility of Aseradens becoming the head of the party is given 45% probability by Betsafe.

Provisional estimate for next year’s fiscal space in Latvia is EUR 60 million

Next year’s fiscal space has been estimated at EUR 60 million, as noted by Finance Minister Dana Reizniece-Ozola, adding that a more precise estimate will be available at the end of August.

Reconstruction of Vilnius airport runway concludes; aircraft return to Vilnius

On Thursday, 17 August, Vilnius airport’s runway was festively opened. This was the most massive reconstruction for the airport in the past 20 years. It was a unique project for Lithuania and all of Europe, airport representatives say.

Islamic State terrorist group takes responsibility for Barcelona attack

The recent terrorist attack in Barcelona, in which a shuttle bus rammed a crowd of people on La Rambla, killing 13 and injuring at least 100, has become this week’s topic.

Weather in Latvia to be warm but rainy on weekends

The sun will appear every now and then between clouds on Friday, 18 August. Still, some rain is expected, especially in the afternoon in Latvia’s eastern regions, where thunderstorms may appear. Rain is expected to reach the capital in the afternoon. Wind will draw in from the south. Air temperature will reach +21° C… +26° C, according to State Environment, Geology and Meteorology Centre.

Newest comments