Latvia - Substantial wage growth predicted - December 31, 2017

On the brink of the New Year, a bank analyst says average gross wages in the country may grow by 9% in 2018. There is also a possibility of a two-digit increase. The most rapid increase will be observed in industries with highest activity and labour market frictions – like the construction sector. Another expert predicts wage growth will be 7.6% in 2017, 8.2% in 2018 and 7.2% in 2019. In the third quarter of 2017, the average wage reached 925 euro, which is 7.5% more than a year ago. The country plans to increase the minimum wage from 380 to 430 euro, with a non-taxable minimum at 200 euro.  

Read on: in English …   

For more information, please contact the editor Jan Cremers or Nuria Ramos Martin, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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