The Baltics Today

Wages fund has grown much faster than the number of salaried employees in Latvia

Latest data compiled by the Central Statistical Bureau of Latvia show that in the 1st quarter of 2014 average monthly gross wages and salaries in Latvia, compared to the 1st quarter of 2013, increased by 7.7% from 689 euros to 742 euros. During this period of time gross wages fund in the country on average rose by 9.2%, while the number of salaried employees recalculated at full-time units, which is applied for calculation of average wages and salaries, – only by 1.4%.... Read more...

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