Unemployment in Latvia during November increased to 9.3 percent, the State Employment Agency reports. The new figures show an increase of 0.2 percent when compared to October, where the registered unemployment rate was 9.1 percent. The highest unemployment rate was recorded in the Latgale Province at 18.7 percent, whilst the lowest unemployment rate was registered … Continue reading
Up to 1,500 workers at one of Latvia\’s biggest companies will be laid off this month, reports LETA. Officials at Liepajas Metalurgs, a metallurgical company, made the announcement on Wednesday, Nov. 13. It follows after an insolvency case was launched against the financially troubled company. ”No more than 300 essential employees are expected to remain … Continue reading
Latvia has the third lowest minimum wage in the European Union (EU). Only Bulgaria and Romania have smaller minimum wages, according to data by the EU statistical bureau Eurostat, writes LETA. Lithuaniahas the fourth lowest minimum wage in the EU 289.62 euros, while Estonia’s minimum wage is sixth lowest –320 euros. Eurostatdata reveals that Latvia’s … Continue reading