aA
Lithuanian real wages still lowest in Baltic States
© DELFI / Šarūnas Mažeika

Lithuania has the lowest average wage in the Baltic States with last year average real wages in Lithuania increasing by 6% but rising by 6.9% in Estonia and in Latvia by 7.4%.

Lithuania has the lowest average wage, and its growth rate is still slower, so the gap is growing said SEB bank household finances expert Julita Varanauskienė.

Lithuania stands out in borrowing as well. In Estonia levels of lending have been growing for some time, while Lithuania only reached a turning point only in the second half of last year when consumer loans increased.

“Latvia is in stagnation because they are dealing with loans taken out in 2006-2008, and it is a burden,” said Varanauskienė.

Housing prices in Estonia have increased more than the income. So housing there has become less affordable. Meanwhile housing affordability in Latvia and Lithuania have improved.

“Still the ability to buy a house is lowest in Lithuania. Estonians have the best opportunities to acquire the largest area in a newly built housing while Latvians - the largest area in an old building,” said Varanauskienė.

Lrytas.lt

|Populiariausi straipsniai ir video

Russia’s attempts to spread panic and distrust over virus monitored

The Lithuanian State Security Department (SSD) is monitoring the attempts to spread panic over...

Entry to all cities and towns to be restricted over Eastern weekend

Entry to all cities and towns in Lithuania will be restricted over the upcoming Easter weekend,...

Ursula von der Leyen. How our Europe will regain its strength

The last few weeks have turned our world upside down. It seems like a lifetime ago that we were going...

14th coronavirus death recorded in Lithuania 843 COVID-19 cases detected

A coronavirus -infected person died in Lithuania's northern city of Panevezys on Monday, bringing the...

Levels of trust in institutions could be key in combatting COVID-19

Tackling the Coronavirus (COVID-19) has required unprecedented responses from national and local...

Top news

Entry to all cities and towns to be restricted over Eastern weekend

Entry to all cities and towns in Lithuania will be restricted over the upcoming Easter weekend,...

Russia’s attempts to spread panic and distrust over virus monitored

The Lithuanian State Security Department (SSD) is monitoring the attempts to spread panic over...

14th coronavirus death recorded in Lithuania 843 COVID-19 cases detected

A coronavirus -infected person died in Lithuania's northern city of Panevezys on Monday, bringing the...

Ursula von der Leyen. How our Europe will regain its strength

The last few weeks have turned our world upside down. It seems like a lifetime ago that we were going...

Coping with quarantine far from home: how Kenyan student hides from coronavirus in Vilnius

Kenyan student Linah Kitui had never been to Europe before coming to Vilnius this February. A...

|Maža didelių žinių kaina