International Internet Magazine. Baltic States news & analytics
Saturday, 13.02.2016, 08:47
Statistics Lithuania informs that, according to the Labour Force Survey data, in 2015, the unemployment rate stood at 9.1%, which is by 1.6 percentage points less than in 2014. In 2015, the male unemployment rate stood at 10.1, the female one – at 8.2%. Over the year, the male unemployment rate decreased by 2.1 percentage points, the female one – by 1 percentage point.
Keyword tags: Analytics, Education and Science, Employment, Labour-market, Lithuania, Markets and Companies
According to Statistics Estonia, the unemployment rate was 6.2%, the employment rate was 65.2% and the labour force participation rate was 69.4% in 2015. The unemployment level was significantly lower and the employment rate and labour force participation rate higher than in 2014.
Latvian State Television (LTV) has bought the BBC film about Russia's invasion of Latvia and will air it in the near future, as the television's CEO Ivars Belte told LETA.
Latvian version of the Russian propaganda outlet Sputnik, Sputniknews.lv is now up and running, informs LETA.
According to the Bank of Estonia (Eesti Pank), major layoffs in the oil industry will not result in a significant increase in the unemployment rate because layoffs being announced a long time before the actual occurrence will let the people being made redundant start looking for new jobs, informs LETA/BNS.
A new healthcare funding scheme and e-health system have to be launched by Latvia's centenary, Latvian Health Minister Guntis Belevics (Greens/Farmers) told Health Ministry officials and heads of agencies and enterprises subordinated to the ministry, informs LETA.
Latvijas Gaze natural gas utility and Dzintars cosmetics company are holding talks to reach an agreement on the cosmetics company's unpaid gas bills, LETA was told at Latvijas Gaze.
Statistics Lithuania informs that in January 2016, compared to December 2015, prices for the total industrial production sold decreased by 1.6, refined petroleum products excluded – increased by 0.6%.
Lidl's launch date in Lithuania has become clearer after the German discount supermarket chain informed the Kaunas district authorities that its 42,000-square meter logistics center in Ramuciai will open in mid-April 2016, the business daily Verslo Zinios reported on Friday, informs LETA/BNS.
It is unclear why Riga Circus has been shut down as no specific calculations have been released so far, as Riga Circus Director Lolital Lipinska said in an interview with LNT television, informs LETA.
The Latvian financial watchdog, the Financial and Capital Market Commission (FCMC), has given its permission to Amber Beverage Group, the largest shareholder in Latvijas balzams alcoholic beverage maker, to make a voluntary takeover bid for Latvijas balzams shares, reports LETA.
According to the flash estimates of Statistics Estonia, the gross domestic product (GDP) of Estonia increased by 0.7% in the 4th quarter of 2015 compared to the 4th quarter of 2014.
Small and medium-sized enterprises that are largely young, innovative, internationally-active and run by skilled managers are driving significant job growth across the European Union. EU agency, Eurofound highlights that SMEs were responsible for over 70% of employment growth in the non-financial business economy in 2014. Besides, there is an urgent need for further SMEs support if a rigorous recovery would be realised.
According to the Estonian Employers' Confederation, the plan of PKC Eesti to close its Keila plant and lay off more than 600 employees mainly shows that Estonia is too costly for the exporting industry operating on the world market among strong competition and therefore the critical limit has been reached, informs LETA/BNS.
Although the Keila city government found out about the plan of PKC to lay off 613 employees next year from the company's press release, it believes that it is possible to find new jobs for all the people, informs LETA/BNS.