Poland and Latvia Restrict Airspace After Russian Drone Incursions
Poland and Latvia have moved to restrict parts of their airspace following a night of Russian drone incursions, an incident that has escalated tensions within NATO’s eastern flank
Latvia to Up Retirement Age to 65 by 2025
World | June 14, 2012, Thursday // 16:34
- Tweet
Send to Kindle
Latvia's retirement age will be gradually increased at the rate of three months annually, until it reaches 65 in 2025, the local Parliament has decided.
The amendment was supported by 49 MPs, while 39 voted against. No lawmakers abstained from voting.
The previous version of the bill stipulated that the retirement age would be increased by three months in 2014 and 2015 each, and by six months every year from 2016 to 2020.
The slower increase in the retirement age will cost LVL 210 M to the social budget, The Baltic Course has informed.
Nearly 25% of the Baltic country's population are currently retired.
According to experts, low birth rates and aging populations are potential "time bombs" for the retirement systems of Latvia and other countries, including Bulgaria, the BGNES news agency observes.
Related Articles:
From Latvia to Bulgaria: The Euro Works When Nations Commit
Valdis Dombrovskis, European Commissioner for Economy and Productivity and former Prime Minister of Latvia, highlighted the long-term benefits of joining the eurozone
Latvia and Sweden Demand Compensation After Bulgarian Ship Damaged Baltic Sea Cable
Sweden and Latvia are preparing to seek compensation for the damages caused by the fiber optic cable disruption in the Baltic Sea, as confirmed by the Prime Minister of Latvia
Latvian President Condemns Navalny's Death as Kremlin's Brutal Murder
In a bold statement following the announcement of Russian opposition leader Alexei Navalny's death by the Russian prison services
Latvia to Deport Over 1,200 Russian Citizens
Latvia has declared its intention to forcibly deport over 1,200 Russian citizens who have reportedly failed to formalize their legal status in the Baltic country
The Government in Latvia has Resigned
Latvian Prime Minister Krisjanis Karins said on Monday that he and his government would resign
Von der Leyen Pushes Belgium to Approve Plan to Use Frozen Russian Assets for Ukraine
European Commission President Ursula von der Leyen has reaffirmed that the most efficient way to fund Ukraine is by using the profits from frozen Russian assets to back a new loan
Rising Meat Prices in Greece Force Consumers to Cut Purchases
A recent survey by the Consumer Agency has revealed that rising meat prices in Greece are forcing residents to limit their purchases to just twice a month
Russian Opposition Criticizes EU Multi-Entry Visa Ban as Counterproductive
Russian opposition figures have voiced strong criticism of the European Union’s recent decision to ban multi-entry visas for Russian citizens traveling to the Schengen area
Memorials and Tributes Mark 10th Anniversary of the Paris Massacres
France is set to mark the 10th anniversary of the November 13, 2015 terror attacks in Paris, in which over 130 people were killed and more than 400 were injured
'Nobody Is Pushing Them to Die for the Sake of Ruins' - Zelensky’s Words Spark Outrage Over Pokrovsk
President Volodymyr Zelensky has described the situation in Pokrovsk as extremely challenging
EU Plans Handling Fee on Small Chinese Packages to Protect Local Retailers by 2026
The European Commission is pushing for an EU-wide handling fee on small packages purchased from Chinese online platforms such as Shein, Temu, and Alibaba
