International Internet Magazine. Baltic States news & analytics
Sunday, 22.10.2017, 18:37
Negative memories of forced migration during the Soviet occupation hold back a discussion how to fill predicted 35,000 labour gap.
Keyword tags: Analytics, Baltic States – CIS, Economic History, EU – Baltic States, Labour-market, Latvia, Markets and Companies
At the Rietumu Bank Gallery, a unique exhibition of antique bicycles and mopeds, produced in Latvia since the late 1920s, has been opened.
On 3 March, the first day of the traditional Kaziukas’ Fair in Vilnius, the Bank of Lithuania will issue into circulation collector coins dedicated to the Fair. Both coins will have the same design, but different denominations: a €1.5 coin from copper and nickel alloy (mintage – 25,000 pcs), and a €5 coloured silver coin (mintage – 2,000 pcs). The €1.5will be sold for €2 at Kaziukas’ Fair, the Bank of Lithuania announced.
he investment holding Infortar, majority owner of the listed Estonian shipper Tallink Grupp, was prepared to pay 80 mln Estonian kroons or approximately 5.4 mln euros in 2007 for the plot of the recently opened Arsenal shopping center in Tallinn which was sold for 1.5 mln euros five years later, Eesti Paevaleht writes.
The long-time and controversial CEO of the Freeport of Riga Leonids Loginovs, whose name has been mentioned in various scandals over the years, has stepped down, Mareks Gailitis, the advisor the port's board chairman Andris Ameriks, informed LETA today.
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.