The growth of household income in Lithuania will exceed inflation by 3-4 times in 2024, Social Security and Labour Minister Monika Navickiene forecasts, BNS reports. The Social Security and Labour Ministry expects that household income will rise by an average 12% on year in 2024, while the Finance Ministry expects Lithuania’s average annual inflation to…
Latvian businesses urge the government to ease the rules on the entry of foreign labour into the country, LSM reports. Speaking at a conference on human capital development in the Latvian parliament, the Saeima, business representatives and market analysts noted that Latvia’s human resources were exhausted. They called for improving labour availability through relaxed rules…
Latvia’s Ministry of Finance plans to submit draft laws on the state budget for 2024 and budget plans for 2024-2026 to the parliament, the Saeima, on 3 November 2023, LETA reports. The government will discuss the budget at its next meeting. The new coalition government’s declaration pledges to carry out a “balanced social, environmental, and…
The most attractive employer in Estonia in 2023 is LHV Bank, according to branding agency Instar’s poll, Estonian World reports. The survey showed that LHV Bank was the most attractive employer both among university students and experienced workers. Meanwhile, the most attractive employer among vocational school students was entertainment company Apollo Group. The second-most attractive…
The number of job vacancies in Estonia totalled 11,079 in the second quarter of 2023, which was 17% fewer than in the same period of 2022, according to Statistics Estonia, ERR reports. Altogether 53,849 people were hired and 51,500 people left their jobs in the second quarter of 2023. Labour turnover decreased by 9% over…
The average gross monthly salary in job advertisements in Estonia amounted to EUR 1,481-1,947 in the first half of 2023, which was 13% higher than in 2022, according to data from recruitment portal CV Keskus, Postimees reports. The average salary offered for top specialists and middle managers stood at EUR 2,170-2,728 (up 17%), for mid-level…
Latvia had the largest share of people outside the labour force in the three Baltic states in the first quarter of 2023, according to Eurostat data, LSM reports. Just over 16% of Latvia’s potential labour force is not currently part of the working population. The figure stands at 15.4% in Lithuania and 12.3% in Estonia….
Estonia’s procedure for disbursing unemployment insurance benefits has changed as of 30 June 2023, ERR reports. The duration of the benefits now depends on the state of the labour market. The previous fixed framework did not consider the ease or difficulty of finding employment. Under the new system, the labour market situation will be reevaluated…