bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Ceturtdiena 30.03.2017 | Name days: Nanija, Ilgmārs, Igmārs

Lithuanian youths have the most modest wage demands, Estonian youths – the highest

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU69% of young people in Lithuania are prepared to accept salary up to EUR 750 after taxes on their first job. In Latvia, only 42% of respondents said they would accept this wage size at the beginning of their careers and in Estonia – 27%, according to results of a survey carried out by SEB Bank.

Estonians have the highest demands when it comes to their first wage – every third Estonian youngster expects to be paid no less than EUR 3,000 after taxes at the beginning of their career. 35% of interviewed youngsters wish to receive no less than EUR 1,000 after taxes per month. The same proportion of respondents expects their income to be from EUR 751 to EUR 1,000 per month (10% in Latvia and 12% in Lithuania).

Latvia does nonetheless have a larger proportion of even more ambitious young people. Every tenth respondent in Latvia is certain their first salary should be no lower than EUR 1,500 after taxes (8% in Estonia and 3% in Lithuania).

Compared with its neighbours, there are two distinct categories in Latvia: 34% of respondents expect their salary to be within EUR 501 – EUR 750 after taxes and 33% expect their salary in their first job to be EUR 751 – EUR 1,000 after taxes.

SEB Bank social economy expert Edmunds Rudzitis says: «Differences in expectations can be explained with the quality of life and income levels in Baltic States. Because income of residents in Estonia is already higher, expectations of youngsters in regard to their first salary are higher as well. What is surprising, however, is that 10% of respondents in Latvia expect their salary in at the very beginning of their career will be twice as large as the average salary across the country (which is EUR 600 at the moment). Employers are unlikely to pay salaries of this size if their young employees do not have any unique talents or skills».

It is also interesting that a large number of youngsters in Baltic States are planning to work in entrepreneurship. In spite of the fact that youngsters in Lithuania are modest in their demands in relation to their first salary, they are more ambitious when it comes to career. When asked if you’d like to found their own enterprise, only 13% of respondents said they are prepared to be employees (22% in Latvia and Estonia).

«Youngsters in all three Baltic States mentioned the lack of ideas and knowledge as the main obstacles on their way to creating their own business. It is noteworthy, however, that young people in Lithuania already seem very independent,» – adds Rudzitis. «In all age groups Lithuanian youngsters pay for everyday expenses with money they have earned themselves. This demonstrates their ability to accurately plan their budgets. 48% of respondents in Estonia mentioned that they receive money from parents and expect support from their family. In Latvia and Lithuania, only 32% of respondents expect their family to financially support them.»

Ref: 102.109.109.6792


Leave a reply

Caksa asked to refrain from illegal attempts to influence trade union

A letter has been sent to Healthcare Minister Anda Caksa, asking her to refrain from any attempts to illegally influence decisions of trade unions to refuse working extended work hours, as reported by Latvian Health and Social Care Workers Union.

Kucinskis wants to see Citskovskis in charge of State Chancellery because he has «bright eyes»

One of the strongest characteristics of Interior Affairs Ministry’s deputy state secretary Janis Citskovskis, who is a candidate for the post of director of State Chancellery, is the ability to form a strong and capable team, Prime Minister Maris Kucinskis said in an interview to 900 seconds programme in LNT.

Latvia’s largest taxpayers to be awarded for the twentieth consecutive year

On 30 March, the State Revenue Service will host the Large Taxpayers award ceremony. The festive event will be attended by Finance Minister Dana Reizniece-Ozola, SRS Director General Ilze Cirule and cooperation partners. Awards and certificates will be handed out to the country’s largest taxpayers in twelve nominations.

International credit risk insurer upgrades Latvia’s business risk rating

International credit risk insurer Coface has upgraded Latvia’s business risk rating to A3.

Mixer in U.S. suggests allies should be consistent in their messages

As the Baltic states foreign ministers met with the Speaker of the U.S. House of Representatives, the head of the Estonian foreign service emphasised the significance of consistency and clarity in messages by allies.

Circus support association claims signatures For Human Circus are fake

Riga Circus Support Association has submitted a request to State Police, Corruption Prevention and Combating Bureau and Saeima speaker to commence a criminal process in relation to signatures submitted to the Saeima by Animal Freedom.

Nordea economists: fate of Baltic States – prosperity or undue expensiveness?

Economic growth rate continues to speed up and become more balanced in all three Baltic States. Thanks to more rapid cyclic growth in Eurozone than expected and limited influence of political uncertainty on the global economy, Nordea Bank’s economists predict 3% growth in Lithuania and Latvia, and 2.5% growth in Estonia.

Georgia pleased with new visa-free travel to EU

After four and a half years of negotiations with the European Union, visa-free travel has entered into force for Georgian nationals travelling to the Schengen area, which has been marked by the Prime Minister of the Caucasian country with a trip to Athens and Brussels in a group of students.

Rinkevics invites USA to maintain presence in Baltic region

Strategic partnership between Baltic States and USA in the field of security and defence should continue, says Latvian Foreign Affairs Minister Edgars Rinkevics, inviting USA to maintain its presence in the Baltic region.

Delna: a possible conflict of interests identified in Healthcare Ministry

A possible conflict of interests has been identified in Healthcare Ministry. This conflict remains unresolved, as reported by Delna.

Risky births in Swedish regions prompt government to ensure maternity ward funding

Reacting to reports on risky births in remote places in Sweden, the country’s government has earmarked funding that would maintain the operation of smaller maternity wards and reopen closed ones.

Deputies propose forming a new Public Media Council, preserving NEPLP as a regulator

In a discussion, deputies emphasized the role of an efficient public broadcasters management model in strengthening the media environment, BNN was informed by Saeima’s press-service.

KNAB officers confiscate documents from Jurmala City Council

Corruption Prevention and Combating Bureau confiscated certain documents from Jurmala City Council on Tuesday, 28 March, as confirmed by the city council.

Trump suspends series of anti-climate change measures

Although the U.S. is one of the largest contributors to greenhouse gas emissions globally, the country’s President Donald Trump has issued an executive order aimed at suspending measures introduced by his predecessor in the post hoping to slow down climate change.

Natural gas reserves to be created in Latvia for energy crisis situations

Latvian Cabinet of Ministers supports the plan to entrust the creation of natural gas reserves to Conexus Baltic Grid, as BNN was informed by Economy Ministry.

Martins Bondars invites Riga residents to «topple» Nils Usakovs

Leaders of political parties Latvian Association of Regions and For Latvia’s Development believe the current Mayor of Riga Nils Usakovs is a real burden for the capital city’s development. This is why they have made it their main objective to «topple» Usakovs, as noted by Latvian Association of Regions.

Unity asks for assessment of Rail Baltica project for influence on Riga’s development

Unity’s representatives in Riga City Council Olafs Pulks and Nils Josts ask for an assessment of Rail Baltica project’s influence on the city’s development.

Latvian Defence Ministry signs agreement on cooperation in cyber security matters

As part of the E-skills week, Latvian Defence Minister Raimonds Bergmanis and President of Latvian Information and Communications Technology Association Signe Balina signed an agreement on cooperation in matters of cyber security.

Elvi and Aibe store networks form joint procurement group

Last week, two local Latvian store networks Elvi and Aibe commenced work on the creation of a joint company that would perform centralized procurements, as BNN was informed by representatives.

As UK readies to launch Brexit, interest in Estonian e-residency grows

A growing number of British citizens are applying for Estonian e-residency as the UK government plans to announce that the country will start leaving the EU later this week.

Expert: municipalities are incapable of attracting new residents

One way to increase budget revenue for municipalities is attracting new residents. This is a problem in Latvian municipalities, especially in Jurmala. «The city lacks cheap and accessible housing offers. This does not contribute to the attraction of new residents,» says real estate expert Jevgenija Dmitricenko.

Estonian gas seller: Excise duty hike unconstitutional

Estonian natural gas importer and seller Eesti Gaas has addressed the country’s Chancellor of Justice insisting that the increase of excise duty passed in 2016 was not in line with the rules of the Estonian constitution.

Bulgarian parliamentary election won by Borissov’s centre-rights

In the early parliamentary election of Bulgaria, the centre-rights led by the country’s long-time Prime Minister Boiko Borissov have won.

E-skills week to address the matter of digital security

Priorities of this year’s E-skills week include digital security and digital skills for employment and entrepreneurship, as well as e-services, comments vice-president of Latvian Information and Communication Technology Association Mara Jakobsone.

Strīķe: whenever contraband was associated with parties, SP put up all kinds of barriers

«I would never join any of the political parties that are currently in power,» said former official of Corruption Prevention and Combating Bureau and mayoral candidate from the New Conservative Party Juta Strīķe.