Albania with the lowest minimum wage in Europe

Argirocasto, Albania (Fabio Duma, CC BY-NC-ND)

Latvia’s national carrier in search for strategic investor

Slovenian companies struggle to find skilled workers

Albania

Albania has the lowest minimum wage in Europe, according to the Eurostat. Despite recent increases of the monthly minimum wage in Albania from ALL24,000 to ALL26,000, the country continues to be at the bottom of the list. According to Eurostat, monthly minimum wage in 2019 in Albania is set at EUR210. In January 2019, Bulgaria had the lowest gross minimum wage (EUR286) across the EU countries. In all CSE countries Slovenia has the highest minimum wage — EUR887.

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Latvia

“airBaltic needs an investor to increase capital and to have know-how for surviving crises,” Latvia’s Transport Minister Talis Linkaits said in an interview for the Latvian Television LSM. Greenhill & Co, New York investment bank, has been hired to find a strategic partner. Previously, airBaltic turned down several potential investors.

The Latvian state owns 80.05 per cent of airBaltic shares and the rest of stake belongs to Danish businessman Lars Thuesen. Latvian airBaltic airlines had over 4.1 million passengers in 2018, setting a new record and raising the figure by 17 per cent y/y.

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Slovenia

About 40 per cent of employers have a problem finding qualified work force, according to a survey by ManpowerGroup. Slovenian employers reported upbeat hiring intentions for the Q1’19. “The needs of employers are changing and they are often looking for work force with very specific know-how, skills and experience,” Nebojša Biškup, the head of ManpowerGroup Slovenia and Croatia said.

According to the Eurostat, in 2018 unemployment in Slovenia was 5.2 per cent.

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What’s up in indexes

BET (of Bucharest) increased from 7031.57 index points Thursday, January 31st to 7030.47 index points Friday, February 1st. It’s up 0.84 per cent d/d and down 15.49 per cent y/y.

BUX (of Budapest) increased from 40856.00 index points Thursday, January 31st to 40973.34 index points Friday, February 1st. It’s up 0.29 per cent d/d and up 1.83 per cent y/y.

CROBEX (of Zagreb) decreased from 1,761.79 index points Thursday, January 31st to 1,760.03 index points Friday, February 1st. It’s down 0.10 per cent d/d and down 3.98 per cent y/y.

OMXR (of Riga) increased from 989.77 index points Thursday, January 31st toslovenia 994.33 index points Friday, February 1st. It’s up 0.46 per cent d/d and down 4.40 per cent y/y.

OMXT (of Tallinn) decreased from 1241.73 index points Thursday, January 31st to 1237.65 index points Friday, February 1st. It’s down 0.33 per cent d/d and down 3.86 per cent y/y.

OMXV (of Vilnius) decreased from 647.96 index points Thursday, January 31st to 646.72 index points Friday, February 1st. It’s down 0.19 per cent d/d and down 5.95 per cent y/y.

PX (of Prague) increased from 1043.55 index points Thursday, January 31st to 1048.28 index points Friday, February 1st. It’s up 0.45 per cent d/d and down 8.05 per cent y/y.

SAX (of Bratislava) increased from 331.51 index points Thursday, January 31st to 336.52 index points Friday, February 1st. It’s up 1.51per cent d/d and down 3.21 per cent y/y.

SOFIX (of Sofia) decreased from 585.70 index points Thursday, January 31st to 583.98 index points Friday, February 1st. It’s down 0.30 per cent d/d and down 17.96 per cent y/y.

UX (of Kyiv) closed at 1,710.65 index points Friday, February 1st. It’s the same result as Thursday’s. It’s 0 per cent change d/d and up 15.00 per cent y/y.

WIG20 (of Warsaw) increased from 2380.11 index points Thursday, January 31st to 2393.43 index points Friday, February 1st. It’s up 0.56 per cent d/d and down 5.56 per cent y/y.

 

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