Lithuania

Minimum Wages Set to Increase in Baltic States in 2024

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As we usher in the new year, significant changes are on the horizon for the Baltic states, particularly in the realm of minimum wage. In 2024, Estonia, Latvia, and Lithuania are all set to witness an increase in their minimum wage, signifying a shift in economic dynamics. Let's delve into the details of these changes and their potential impact. In 2024 minimum wage is set to increase in all Baltic states. Estonia will have a minimum wage of EUR 820; Latvia - EUR 700 and Lithuania - EUR 924.…


Minimum Wages Set to Increase in Baltic States in 2023

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In 2023 minimum wage is set to increase in all Baltic states. Estonia will have a minimum wage of EUR 725; Latvia - EUR 620 and Lithuania - EUR 800. During the past 5 years minimum wages across the Baltics have experienced a steep increase, and in some cases even doubled. When compared to 2018, Estonia's minimum wage has increased by EUR 225, Latvia's by EUR 220, and Lithuania's by a whooping EUR 400. Despite pretty decent increases in the Baltic States, minimum wages here are still among the…


Investing in Estonia, Latvia and Lithuania with Baltic Horizon Fund REIT

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Baltic Horizon Fund is a regulated closed-end contractual investment fund registered in Estonia. The fund is traded on Tallinn (Nasdaq Baltics)  and Stockholm stock exchanges. This fund operates under the REIT concept where the vast majority of Fund’s cash earnings are paid and only 20% can be reinvested. On May 12, I bought some humble 100 shares with Baltic Horizon Fund from my local SEB bank broker in Latvia. Baltic Horizon Fund stock price chart as of May 12, 2021. source NASDAQ Baltic…


Minimum Wages in Baltic States 2020

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It has been a great decade for all three Baltic states, and increasing minimum wages is just one good example of showing that. From humble EUR 238 in 2010 to still modest EUR 607 (Lithuania). That's quite an impressive growth in "just" 10 years.  For me observing minimum wages in the Baltic states has always been interesting, here you can find some of my previous articles on this topic: Minimum wages in Baltic states 2013 Minimum Wages in the Baltic States 2015 Minimum Wage Set to Rise in…


Charlie Pizza, Mazeikiai

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Charlie Pizza is a Lithuanian fast food chain located all across the country, serving pizza, salads, pasta and other freshly prepared dishes. It was in May 2018, when we visited the one located in the Mazaikai town.  Starter plate at Charlie Pizza in Mazeikiai, Lithuania Lithuanian Cepelinai served at Charlie Pizza Cepelinai or didžkukuliai (singular: cepelinas) is a popular dish in Lithuania. They are a type of dumpling made from grated and riced potatoes and usually stuffed with…


The Grand Documentary of 2016

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Filmed in 8 countries throughout 2016, glued, sanded, laminated, blamed and put together in Tbilisi, Georgia using Adobe Premiere CC.  The Great Documentary is 13 minutes and 2 seconds long short from our lives back in 2016.  The story starts in Venice, Italy, travels to Georgia, Armenia, then Latvia, Lithuania, Spain, Gibraltar and ends in New York, US. Jokes, notes and wine (chacha) traverse the scene from the first seconds of the movie. Spoken in Latvian (and a little bit Russian) For HD…


Minimum Wage Set to Rise in Baltic States in 2018

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During the past few years, there have been some positive improvements for raising the minimum wage in all three Baltic states (Estonia, Latvia, and Lithuania). In 2018 minimum wage is set to rise in all Baltic states again. Estonia will a have a minimum wage of EUR 500; Latvia - EUR 430 and Lithuania - EUR 400. That' s a pretty decent leap if compared with 2016, when minimum wages were set at EUR 430 in Estonia, EUR 370 in Latvia and just EUR 350 in Lithuania. See: Minimum Wage Set to Rising…


3 Day Trip Across Lithuania

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Traditions should be respected. For the third year in a row I have been celebrating my birthday at one of the former Soviet Union member country's capital city. Year ago, I spent awesome birthday in Tallinn (Estonia) and two years ago in Yerevan, Armenia.  It was planned to visit Minsk (Belarus) for this year, but instead of Minsk, my better part took me on a lovely three day ride across Lithuania, reaching Vilnius (capital of Lithuania) in a second day. Now, another year, another awesome…


Motel Istros Aviaparkas

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Motel Istros Aviaparkas is among the strangest and definitely the most solitary hotel I have ever stayed. Located some 4 kilometers from town of Panevezys in Lithuania. It was the evening of my 31st birthday and we returned home from our three day trip around Lithuania. Tired. After checking few rural houses in the vicinity we decided hell - let's sleep among helicopters and Old Soviet war planes. Old Soviet war planes Located just some 500 meters from Via Baltica route (E67) - this hotel/…


IKEA Shopping in Vilnius, Lithuania

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IKEA store has been opened in Vilnius city already in 2013. This place is very popular among local and neighboring shopping travelers - Belarus and Latvia. There is no surprise seeing shoppers from Belarus here, as Minsk is less than 200km from Vilnius. Latvians? Well they just love shopping in Vilnius. It was my birthday, we were at Vilnius, after spending few hours wandering around Old Town - idea visiting IKEA arrived. Unfortunately we hadn't  no idea where this store is actually located…