Latvia’s general age of retirement was raised to 65 years as of 1 January 2025, BNS reports. At the same time, the minimum time of employment to be eligible for old-age pension rose to 20 years. In 2024, the retirement age was 64 years and 9 months, while the working requirement was no less than…
Latvia’s minimum monthly wage rose from EUR 700 to EUR 740 as of 1 January 2025, BNS reports. The minimum wage will gradually transition to a percentage of the national average wage. Welfare Minister Uldis Augulis said that the change would improve the living standards of lower-paid workers. According to data from the Central Statistical…
The Latvian parliament, the Saeima, has approved the state budget for 2025, LSM reports. The budget foresees revenues of EUR 18.4bn, while expenditure is planned at EUR 19.7bn. The estimated budget deficit will thus amount to EUR 1.3bn or 2.9% of the GDP. The key budget priorities are internal and external security and competitiveness. The…
Lithuania’s incoming centre-left government has revealed its draft programme for the next four years, LRT reports. The new coalition plans to focus on welfare, with more child benefits and better accessibility to health care and education. Also, the government may make changes to tax policy, moving towards progressive taxation. The new government plans to reverse…
Lithuania has introduced stricter rules on residence permit applications through external service providers as of 1 December 2024, BNS reports. From now on, only citizens of countries with an office of the external service provider can use their services. Citizens of other countries can apply for temporary residency permits at an office in another country…
The Estonian government may triple the country’s immigration quota, Minister of Economy and Industry Erkki Keldo announced, ERR reports. The current quota amounts to 1,303 people or 0.1% of Estonia’s permanent population per year. Keldo suggested that the quota could be raised to 2,600 people normally and to 3,900 people when annual GDP growth exceeds…
The unemployment rate in the Baltic States was lowest in Latvia in August 2024, according to Eurostat data, LETA reports. Latvia’s unemployment rate stood at 7.0%, compared to 7.9% in both Estonia and Lithuania. Average unemployment in the EU stood at 5.9% and at 6.4% in the eurozone.
The Estonian Trade Union Confederation (EAKL) and the Confederation of Estonian Employers (ETK) have begun negotiations on the minimum wage for 2025, ERR reports. EAKL demands that the minimum wage be raised by 12%. Arto Aas, managing director of ETK, has little hope of an agreement. Earlier, EAKL and ETK signed a “goodwill agreement” to…
The Latvian government is unlikely to satisfy the Health Ministry’s request for EUR 153.3mn of additional funding for hospitals in the 2025 state budget, LSM reports. Health Minister Hosams Abu Meri said that the money was needed for human resources, medicines, infrastructure, emergency services, digitalisation, and data security. However, the government has listed external and…