by
September 26 – October 2, 2016

Belarusian salaries in Q4 will recover to 2015-standard

The situation has not changed
Belarusian salaries in Q4 will recover to 2015-standard

According to the National Statistics Committee, gross wages in August reached USD 383; wages grew for six consecutive months and since February 2016 – by 25%. One reason for the wage growth was layoffs – salaries of laid-off workers were redistributed among remaining employees. Higher communal and utility tariffs have lowered the citizens’ pressure on the foreign exchange market in terms of reduced demand for foreign currency. Due to poor financial health of enterprises, wage growth is likely to slowdown, and layoffs are likely to persist. Unemployment is unlikely to grow due to administrative measures, such as setting a quota for registering unemployed at the labour exchange. Consumer demand is likely to remain low. In Q4 2016, salaries may exceed USD 390, which they were in 2015.

You have been successfully subscribed

Subscribe to our newsletter

Once a week, in coordination with a group of prominent Belarusian analysts, we provide analytical commentaries on the most topical and relevant issues, including the behind-the-scenes processes occurring in Belarus. These commentaries are available in Belarusian, Russian, and English.
EN
BE/RU
Subscribe

Situation in Belarus

March 18 – March 24
View all

Subscribe to us

Read more