
Labor market in Estonia: it’s not all gold what glitters
Although growth in employment accelerated, and the restrictions did not deliver any major setback, the labor force participation rate fell.
Although growth in employment accelerated, and the restrictions did not deliver any major setback, the labor force participation rate fell.
In Latvia, inflation projections for 2022 and 2023 have been revised upwards. The uptrend in prices is driven by several factors, mainly political.
Lithuania’s Independence, a so-called Floating Storage Regasification Unit, offers a case study for those looking to pivot away from Russian gas.
As coal has the biggest potential to lower gas demand, Poland wants to use it to produce electricity after 2049 to bolster its energy security.
Following a record GDP growth (8.5%) in 2021, the Estonian economy will slow in 2022, still maintaining a strong pace (+4%).
Riga is facing multiple challenges: energy prices, increasingly unemployed, a domestic market fall, global supply chain disruptions.
The example of Estonia suggests that the focus on an efficient allocation of resources works more effectively than a stimulus of demand.
Vilnius has achieved considerable results in energy supply from renewables, recycling and composting. However, emissions have increased by 50% since 2005.
Many unemployed have a background in sectors affected by the pandemic: the skills of job seekers often do not correspond to the new needs.
The offshore wind farm is a joint Estonia-Latvia project with a total capacity of 700-1000 MW, and will provide over 3 TWh of renewable energy per year.