Friday, August 05, 2005

Human Resources: Wages in Russia reach all time high

The average salary an average Russian worker has reached an all-time high.

A report published by the Ministry for Economic Development and Trade in June,reported monthly earnings increased to $303.

According to analyst Igor Polyakov of the Center for Macroeconomic Analysis and Forecasts "Those people, whose monthly income reaches $300 or a little more, live above the poverty line, although their living conditions are very close to subsistence wage,"

Other average monthly wages are:

Poland $729
Czech Republic $710
Estonia $575
Lithuania $445.5
Belarus $221.5
Ukraine $164.75