retirement

Since regaining independence some twenty years ago Latvia, a small, open economy has been tormented by three economic crises: first one resulting from the economic transition (institutional change from centrally planned to free market economy), second, in 1998, being transmitted from Russia, and the last one being part of the recent global recession. Despite these circumstances, Latvia has successfully conducted reforms aimed at elicitation of the labour force (i.e. increasing the labour force participation rate…

photo: Piotr Drabik

As The Warsaw Voice writes on Monday, March 26, there were protests of Solidarity trade union members against governmental plans to increase the retirement age. Several hundreds of protesters gathered in Warsaw, in front of the prime minister’s office. Trade unionists announced that protests would be held throughout whole week, on Wednesday they would move demonstrations to the front of the parliament. Meanwhile talks between two parties of the ruling coalition – Civic Platform (PO)…