Analytics, Economics, Estonia, Financial Services, Wages

The average nominal wage should according to the forecasts grow to 825 EUR a month, or 4.6%, which means a 0.6% growth of real wages. GDP is expected to grow 4.5% and CPI 4%.

There is no sector anymore where more jobs would disappear than emerge.

“13% of company managers of industrial companies say that they are hiring more people. 5% say that they are reducing staff. 82% say the staff numbers stay the same,” said EMRI director Marje Josing.

The number of registered jobless sis thus expected to fall from 79,700 to 60,000.

13% of employees in Estonia received unreported or “envelope” wages last year and the state was deprived of around 141.6 million euros of taxes as the result, LETA/Postimees Online cites Estonia Market Research Institute.

Source: site:ki.ee

In 2002, around 15% of employees received unreported wages. In the next years, the share increased and fell, reaching its lowest level, 9% in 2009.

Last year, the rate climbed to 13% again.

The payment of unreported wages was most frequent in construction, 27% of all “envelope wages” were paid there, industry (19%) and retail trade (17%).

34% of recipients of unreported wages were satisfied with it, 31% were not satisfied.

44% thought that if they refused envelope wages, they would have lost their job.