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Friday, 09.12.2016, 15:32
Stasys Dailydka, long-standing CEO of Lietuvos Gelezinkeliai (Lithuanian Railways, or LG), has turned in his resignation to the state-run company's board on Friday.
Keyword tags: Labour-market, Lithuania, Railways, Transport
Unemployment rate in the eurozone was 9.8% in October which is the lowest indicator since July 2009, while the highest unemployment rate growth was registered in Estonia, reports LETA/BNS.
Statistics Lithuania informs that in III quarter 2016 average gross monthly earnings in the whole economy (excl. individual enterprises) totalled EUR 793.3: in the public sector2– EUR 806.6, in the private – EUR 786.7. Against II quarter 2016, average gross monthly earnings in the whole economy increased by 2.8%: in the public sector – by 3, in the private – by 2.7%.
Provisional data of the Central Statistical Bureau (CSB) show that in 2015 social protection expenditure in Latvia accounted for 3 619.7 million euros and, compared to 2014, it has grown by 201 million euros or 5.9%. Expenditure on support for families and children increased by 24.1%, expenditure on support for disabled persons by 7.8%, and social expenditure on sickness and heath care by 7.5%.
Taking into account changes to social contributions from 2017, Latvijas Propana Gaze liquefied gas company is planning to lay off about 185 workers, reports LETA.
The dynamics of the labour market has precisely matched predictions for several consecutive quarters. Unemployment keeps gradually going down (0.2 percentage points over a year, reaching 9.5% of economically active population) and employment rate grew symbolically. Thus lower GDP growth this year (primarily because of the interruption in European Union (EU) fund inflows) had practically no effect on business medium-term expectations, otherwise enterprises would have reduced the number of their employees. It is an additional indication that the growth slowdown will soon be replaced by an upward trend.
All Lufthansa flights to and from Riga International Airport planned on November 23, have been cancelled, the airport said.