Real Earnings Grow 4.7 pct on January–April 2009

Average gross and net earnings in corporations employing at least five persons and in budgetary institutions increased 4.5pct and 10.9pct respectively on the same period of last year.

Real earnings grew decisively by 4.7pct during January–April 2009, (in parallel with a 5.9pct increase of the consumer price index) due to the change in measures concerning personal income tax and the disbursement of January and March installments of salary bonuses at budgetary institutions. Within this, real earnings increased by 4.3pct in the private sector and by 5.7pct at budgetary institutions. The average number of employees was 2.641 million in January–April 2010.

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