International Internet Magazine. Baltic States news & analytics
Saturday, 27.08.2016, 05:52
Children may have to start school at the age of six in the 2018/2019 school year, Education and Science Minister Karlis Sadurskis (Unity) said at a meeting of the Latvian Trade Union of Education and Science Employees Council today, reports LETA.
Keyword tags: Education and Science, Labour-market, Latvia, Society
In the labour market, a lull has set in: there are practically no changes in either unemployment or employment. In the second quarter, the percentage of jobseekers among the economically active population (9.5%) was slightly (by 0.3 pp.) smaller than a year ago, whereas the number of the employed increased only symbolically year-on-year (by 0.3 th.). This confirms our projections that unemployment will continue to decrease ever slower with time (the cyclical component has been close to zero for three subsequent years, and, the lower the structural component is, the more difficult to reduce it further on). The impact of the demand side on inflation is thus not significant and inflation remains low. The impact of the drop in working age population on employment is thus far being compensated by an increase in the participation level.
Estonian Minister of Economic Affairs and Infrastructure Kristen Michal on Friday appointed new members to supervisory boards of three state-owned companies and the former head of the Viru Keemia Grupp (VKG) oil shale company, Priit Rohumaa, was named as chairman of the supervisory board of the Estonian railway infrastructure company Eesti Raudtee (Estonian Railways) in place of the present chairman Raivo Vare, reports LETA/BNS.
Employment improved despite slow economic growth Registered unemployment increased in Ida-Virumaa The work ability reform is expected to boost registered unemployment and the labour force participation rate.
According to Statistics Estonia, the unemployment rate was 6.5% and the employment rate was 66.9% in the 2nd quarter of 2015. The number of persons active in the labour market exceeded 700,000 for the first time.
Swedbank Latvia board chairman Maris Mancinskis is leaving the job and Swedbank Group to pursue his career at an international company outside Latvia, Swedbank told LETA.
Nearly half of consumers in Latvia consider chances of finding a good job within a year to be slim, a Nielsen survey shows, cites LETA.