NEWS
Wage growth still strong
TALLINN - Average gross monthly wages grew nearly 20 percent in the first quarter of 2008 compared with the same period last year despite the drastic economic slowdown, fresh data has shown. The result raises fears that persistent wage growth will undermine Estonia’s efforts to remain competitive and boost exports as domestic demand contracts and the nation’s economy slows to near-zero growth. Statistics Estonia announced that the average gross monthly salary amounted to 12,337 kroons (788 e ...| The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please log on using the form on the top of the page. If you don't have a membership yet - please subscribe. |
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