wages
The Belgian minimum wage will increase from 1 April, reaching €2,029.88 per month. The €35,70 rise puts the country among the top five EU member states, among the 22 countries of the bloc, where the minimum wage surpasses €2,000, according to Eurostat. A further increase is planned for 2026, with this same amount. Remote work in 2024: Should you earn less for working from home?Which European countries have the highest and lowest salaries?Trade unions said that this raise will affect 80,000 people with low income. As a tax employment bonus will also increase from 1 April, workers will have high...
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The Netherlands' economy grew by 0.4% in the three months to December 2023, reversing a three-quarter period of contraction. New figures published by Statistics Netherlands on Monday said that the growth in GDP surpassed the 0.3% market predictions and was buoyed by a strong rebound in household consumption (1.9% against -0.2% in Q3), further government spending (0.7% against 1.3%). The news will be welcome to the government and Dutch households alike, as it follows a three-quarter period of economic contraction since the start of the last year. As Europe's economy languishes, when will the EC...
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The resilience of the Russian economy is without a doubt a key selling point for President Putin, who's been continuously leading Russia since 1999, either as President or Prime Minister. But it was not supposed to be the case. After the invasion of Ukraine in 2022, many large companies left Russia, and both the EU and US coordinated and renewed several rounds of sanction packages, aimed at impacting the Russian economy and indirectly help Ukrainians in their war effort. The 2022 escalation to a full-scale war was not the beginning of the conflict. That began with the invasion and annexation o...
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The UK unemployment rate has risen for the first time since July and wage growth has eased, according to data released by the Office for National Statistics (ONS) on Tuesday. In the period from November to January, the unemployment rate unexpectedly climbed to 3.9%, up from 3.8% in the three months to December. Average earnings also slowed more significantly than expected, with pay growth excluding bonuses rising to 6.1% from 6.2% in the previous quarter. When bonuses are factored in, earnings grew 5.6%, down from 5.8% in the previous three months. This means that whilst wages are still growin...
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Employees in the UK may be looking at a drop in salary increases this year as employers cut back on their hiring plans, according to a new report from the Chartered Institute of Personnel and Development (CIPD). The findings come from a survey conducted last month, involving 2,006 employers and focusing on their approaches to pay, staffing levels, and job vacancies. After staying at 5% for some time, expected basic pay rises have dropped to 4%, marking the first fall since the beginning of the Covid-19 pandemic. Within the private sector, the average expected basic pay increase was down from 5...
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