International Internet Magazine. Baltic States news & analytics
Sunday, 22.01.2017, 14:06
The new term "retirement economy", as no other one, characterises realities not only of the modern labour market, but also of the world economy. The adverse demographic situation in the Baltic States allow speaking about the inability of the present retirement system for future pensioners. Besides low birth rate it is necessary to mention substantial out-migration of able-bodied population to other countries with good working opportunities. The adverse demographic situation and labour migration are the basis of pessimism and non-confidence of the population, especially of the youth, in the state retirement system.
Keyword tags: Economic History, Economics, EU – Baltic States, Financial Services, Labour Unions, Latvia, Pensioners
Employees of the Estonian branch of the Scandinavian financial group Nordea who are members of a trade union will hold a picket at the Nordea headquarters in Stockholm on Saturday to protest against the bank's decision to end negotiations on a collective agreement,according to the news portal of ERR said writes LETA/BNS.
ll flights of the German carrier Lufthansa that were scheduled to arrive at or depart from Riga International Airport this Tuesday have been cancelled, LETA was told at the airport.
All Lufthansa flights to and from Riga International Airport planned on November 23, have been cancelled, the airport said.
The head of the Latvian Health and Social Care Workers' Trade Union (LVSADA) Valdis Keris does not exclude the possibility of more protests when the parliament reviews next year’s budget, reports LETA.
The ruling coalition parties today agreed to increase the salary to the head of the State Revenue Service but the pay rise will be somewhat lower than the initial proposal, reports LETA.
About 300 people gathered in a protest action organized by Lithuanian trade unions against the new Labor Code, which critics say will narrow the social benefits for employees, informs LETA/BNS.