labor productivity Archives

Wage increase amid economic reality and the challenge of sustainability

The increase of the average wage from 75,025 ALL at the end of 2023 to 83,401 ALL in the fourth quarter of 2024 is a significant development that has attracted wide attention. This wage increase, amounting to 8,376 ALL more...

16/03/2025Blogeconomic sustainability, inflation, informal economy, labor productivity, public debt, purchasing power, sectoral imbalance, wage growth, youth migration0 CommentsRead more...

Wage indexation to increase confidence in the system and for a new challenging model

The relationship between wage setting and inflation has been closely monitored in recent years by the Bank of Albania and the former Ministry of Finance and Economy, as it was key to their success in achieving macroeconomic stabilization in an...

26/05/2024Blogexchange rate, inflation, labor contracts, labor productivity, lek, market, monetary policy, politika monetare, price-wage, rritja e pagave, social contract, system confidence, union trade, wage indexation0 CommentsRead more...

What is the hourly labor cost in the Western Balkans and how much is it affected by productivity?

According to the international understanding of unit labor cost, it is seen as a broad measure of (international) price competition. It is calculated as the ratio of wages together with work-related compensations and bonuses to working hours. The calculation is...

29/03/2024NewsBalkan, BE, cost per unit, eu, hourly labor cost, immigration, innovation, labor cost, labor productivity, productivity grpwth, produktiviteti, R&D0 CommentsRead more...