Posts tagged as labor market

Labor market recovery expected in a year’s time in Latvia

Wednesday, October 21, 2020

The economic and labor market recovery from the COVID-19 crisis could be expected in the second half of the next year, said Normunds Ozols, senior economist at the Ministry of Economics, in an interview to Latvian Radio October 21. Last year there was even an overheating of the labor market, but the COVID-19 pandemic changed it dramatically, with unemployment rising from around 6% last year to 8.6% in the second…

Estonian economist: Avg wage requirement for short-term workers not sensible

Friday, July 26, 2019

Foreign workers help to alleviate tensions on the Estonian labor market and imposing excessive restrictions on hiring foreigners for short-term employment with the requirement to pay them at least the national average wage is not sensible, Swedbank chief economist Tonu Mertsina said LETA/BNS. Mertsina said in a press release that while a uniform requirement to pay foreign workers at least the national average wage or two times the national average…

PM disagrees with IMF, still opposes opening of Latvian labor market

Wednesday, July 4, 2018

Latvian Prime Minister Maris Kucinskis (Greens/Farmers) disagrees with the opinion of the International Monetary Fund (IMF) that Latvia’s limited labor market may impede the country’s growth in the long term and said he was still opposing opening of the labor market. Speaking on the public Latvian Television this morning, Kucinskis said it would be premature to speak about letting into Latvia cheap labor. Instead, Latvia should be thinking about how…