Monthly salaries 3-4 percentage points above rate of inflation
Wednesday, March 16, 2005, 00:00
The state and businesses with a staff of 5 or more employed 2.77 million in January. Regular monthly salaries rose 7.2% in the private sector and 6.3% in the public sector year-on-year. Since a new regulation requires that the extra month?s salary paid as an end-of-year bonus to state employees should be invariably disbursed in January as opposed to December or January, average nominal earnings in the first month of this year jumped by a striking 61.1% on January 2004.