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Rouble wages in Belarus to go up in December 2016

November 28, 2016 9:22

According to the National Statistics Committee, the average salary in Belarus in October 2016 totalled 722.9 BYN or BYN 10 less than in September 2016. Nominal wages eroded for the second month in a row mainly due to the negative trends in industry and construction and the end of the harvesting season in agriculture. Due to the absence of foreseeable improvements in the economy, wages are likely to continue to fall. In the public sector, wage growth is restricted by further budgetary cuts. Negative trends on the consumer market are likely to build up and profitability of the retail trade is likely to fall, along with layoffs in retail chains. Rouble wages are only likely to grow in December 2016 due to the year-end bonus payments. However, further on, average wage in Belarus is likely to remain at USD 350-USD 400.

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