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NEWS

Latvia faces wage inflation

Oct 01, 2008
TBT Staff and wire reports

RIGA - Wages are still spiraling out of control in Latvia, according to a study by the international consultancy Hay Group. The study found that wages grew an average of 16.7 percent from July 2007 to July 2008. Most companies still plan to increase wages further. Hay Group representative Liga Rode said that personnel specialists were the biggest winners in terms of salary increase. “It can be explained with the situation in the labor market, businesses needed to attract and hold employees,” Ro ...


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