Cbank economist: Estonia no longer cheap labor country

  • 2018-11-28
  • BNS/TBT staff
According to Bank of Estonia economist Kaspar Oja, Estonia is no longer a country of cheap labor as the salary rate here is relatively high compared with the countries of Central and Eastern Europe. "Even though Estonian salaries are still considerably lower than the rate of countries in Northern and Western Europe, Estonia's salary rate is relatively high compared with Central and Eastern European countries and is approaching that of Southern Europe. A higher salary means a greater income and more diverse consumption opportunities for the worker," Oja said ...
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