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Wages growth in Poland highest since 2008

Wyślij Print Pobierz added: Marek Kubel-Grabau | 2015-09-28 00:11:13
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Real wages rose by 3.5 percent in 2014, according to the estimates by Polish daily Rzeczpospolita based on the data provided by the Central Statistical Office of Poland (GUS) and the National Bank of Poland (NBP).

Real wages rose by 3.5 percent in 2014, according to the estimates by Polish daily Rzeczpospolita based on the data provided by the Central Statistical Office of Poland (GUS) and the National Bank of Poland (NBP). It is the largest increase since 2008, when real wages grew by 5.9 percent.

Deflation and improving conditions of the economy are the main reasons behind the increase.

“Wage hike can be understood as a compensation for the last years, when companies deferred surges due to uncertain economic condition,” Joanna Tyrowicz, NBP economist, was quoted as saying by Rzeczpospolita.

The newspaper points out that public sectors pays better than the private. In the former the average monthly salary stood at PLN 4,303, while in the latter amounted to PLN 3,585.

 

Source: http://wbj.pl/wages-in-poland-grew-highest-since-2008/