Accounting, Payroll, Tax & Legal since 1989

Salary gap between Belarus and neighboring EU countries extends

The gap between average salaries in Belarus and its western neighbors Poland and Lithuania has grown significantly in recent years. Meanwhile, the relative gap between Belarusian and Russian average salaries has not changed considerably.

 

Partly this development is due to the emigration of highly paid employees from Belarus in recent years. Some EU countries are seen as attractive destinations for emigration especially among mobile specialists in the IT sector.

 

During the past five years, average wages in Belarus have grown approximately 15 %. In Lithuania and Poland the growth is approximately 100 % and 40 %, respectively, all in dollar terms. As a result, average salaries in Lithuania are 3 times higher than in Belarus, and in Poland 2,5 times higher.

 

The comparably low salaries in Belarus may create comparative advantages and opportunities for labor-intensive businesses especially in the manufacturing and export sectors. If you are interested in establishing a business in Belarus, feel free to contact us for more information.

 

In case you are interested in minimum wage requirements in Belarus and its neighboring countries, check out our related article.


21.10.21


Latest articles

18

Jan

Baltic tax rates from 1 January 2022

5

Jan

Public and office holiday calendar for Belarus in...

30

Dec

Belarusian High-Tech Park adds 52 residents in fresh...

Contact

Email again:
Services