© DELFI / Kiril Čachovskij

Over the first quarter of this year, labour costs grew by 6.1% compared to the same period last year.

Statistics Lithuania reported that labour costs for business companies grew by 7% during the same period.

The greatest labour cost growth was in real estate (11.4%), hospitality and catering services (10.2%) and information and communication (9.7%). The slowest growth was in public management and defence (1%), construction (1.2%) and education (3%).

The growing cost per work hour, corrected for the number of work days, was caused by a larger minimum wage, larger severance pay and other factors, said statisticians.

Through January and March of this year, the greatest cost per hour of work was in the financial and insurance industry (at €13.30) and the lowest was in the hospitality and catering industry (at €4.30).

When calculating labour costs, Statistics Lithuania includes wages, benefits, social payments, professional training and qualification expenses, etc.

Verslo Žinios

Government to hold meeting on whether to establish Ethnic Minority Council

Lithuania's government is set to hold a meeting on Monday to discuss the need to establish an Ethnic...

Grenade neutralized on Nida beach

A dangerous grenade was found on the beach in Lithuania's western resort town of Nida on...

Social insurance budget planned with EUR 326 mln surplus

The Lithuanian state social insurance fund Sodra 's draft budget for 2020 targets a surplus of...

Juozaitis may lead new party created by Order and Justice members

An Order and Justice leader expects philosopher Arvydas Juozaitis , one of the candidates in last...

Landsbergis on dialog with Minsk: we want to please someone who put boots on our table

Lithuania's first post-independence leader Vytautas Landsbergis raises the question of whether...