EDB: wage growth in Belarus continues
Salaries continue to rise in Belarus.
The Eurasian Development Bank reports this in its weekly macroeconomic review.
The macro review was published in the EDB Telegram channel.
What the EDB said about wage growth in Belarus
The EDB macroeconomic review states that real wages in Belarus grew by 12.5% in September (compared to September last year) after 12.3% in August.
The increase in wages was facilitated by the increase in the base rate from September 1.
The bank's analysts noted that an important factor influencing the dynamics of wages is the situation on the labor market, where there has been a steady increase in vacancies (+21.6% last month) against the backdrop of a decrease in the number of people employed in the economy (-0.8% in August).
At the same time, the unemployment rate in the country fell to a historical minimum of 2.9%, the EDB added.
Last week, the National Statistical Committee of Belarus reported that the average salary in September was 2,313.9 rubles.
In Minsk, the average salary last month was 3,058.3 rubles.
