Newsletter Database

158 articles found.
The parliament is expected to approve a pension reform, which will make the so-called second pill... [more]

The parliament is expected to approve a pension reform, which will make the so-called second pillar, the private pension back-up fund, voluntary in the future. Until now all employees have had to pay 2% of their salary into savings accounts, with the state adding another 4%. Under the reform employees will be allowed to withdraw the money from their account.

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On 1 January 2020 the minimum wage rose from €540 to €584. The minimum hourly rate increased from... [more]

On 1 January 2020 the minimum wage rose from €540 to €584. The minimum hourly rate increased from €3.21 to €3.48. Trade unions and employers reached a minimum wage agreement through a national conciliator at the end of 2019. The minimum wage will rise to approximately 40% of the average wage.

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According to Statistics Estonia, 21.7% of the Estonian population (284,000 residents) lived at ri... [more]

According to Statistics Estonia, 21.7% of the Estonian population (284,000 residents) lived at risk of poverty and 2.4% lived in absolute poverty in 2018. Compared to 2017, the share of people at risk of poverty decreased by 0.2 percentage points and the share of those living in absolute poverty by 0.3 percentage points. In 2018, a person was considered to be at risk of poverty, if his or her equivalised monthly disposable income was less than €569, and in absolute poverty, if it was less than €215.

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According to preliminary data from Statistics Estonia, in 2018 managers had the highest gross hou... [more]

According to preliminary data from Statistics Estonia, in 2018 managers had the highest gross hourly earnings, while elementary workers had the lowest. In 2018, the gross hourly earnings of managers were €11 and those of elementary occupations workers €4.60. The average gross hourly earnings increased by 29% in four years. Compared to 2014, gross hourly earnings increased the most for skilled agricultural, forestry and fishery workers (36%) and service and sales workers (35%). The earnings increased the least for technicians and associate professionals (22%).

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The Employers' Confederation made a proposal to the Confederation of Estonian Trade Unions to inc... [more]

The Employers' Confederation made a proposal to the Confederation of Estonian Trade Unions to increase the minimum wage by 8%. If the proposal is approved, the minimum wage would increase to € 583.2 next year, instead of the € 578 on which the Employers' Confederation and the Trade Unions' Confederation agreed in August. The trade unions keep stressing their demand that the minimum wage should account for no less than 40 percent of the projected average wage, which would total at least € 600.

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In Estonia, the interest of consumers in free-of-choice pension funds, is the lowest as compared ... [more]

In Estonia, the interest of consumers in free-of-choice pension funds, is the lowest as compared to other member states of the European Union, a study of Better Finance investor rights group found.

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Trade unions, employers and the government met to discuss a rescue plan for the Ida-Virumaa regio... [more]

Trade unions, employers and the government met to discuss a rescue plan for the Ida-Virumaa region in Estonia. With power plant capacity cut by half, 500 workers have already been made redundant and up to 1,500 jobs could be under threat. According to the President of the Estonian Trade Union Confederation (EAKL), without effective retraining programmes, workers will be the victims of climate policy, globalisation and technological development.

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Public figures have published an open letter to express their discontent with plans to make the c... [more]

Public figures have published an open letter to express their discontent with plans to make the country’s second pillar pension funds voluntary. The letter was signed by various high profile people including analysts, economists and entrepreneurs from a range of institutions broad enough to include all of the country’s major important universities, banks, ministries, investment funds, industrial associations, trade unions and think tanks. They believe that at this moment there is no viable alternative to a pension system based on saving money and dismantling it would mean the creation of a large financial burden for coming generations. Instead of the reforms that are being discussed now they urge politicians to improve the second pillar by making it more effective.

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According to new data from Statistics Estonia unemployment continued to fall over the past ten ye... [more]

According to new data from Statistics Estonia unemployment continued to fall over the past ten years, with long-term unemployment at a 20-year low. With an average of 5% in most age groups, unemployment in the country lies below the EU average unemployment rate of 7%. However, the number of underemployed workers- people who work part-time but want to work more hours- has increased. Part-time work is also on the rise with a record high at 82,000 part-time workers in 2018.

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In 2015 the country introduced a budget to provide salaries equal to the national average wage to... [more]

In 2015 the country introduced a budget to provide salaries equal to the national average wage to a small group of artists and writers. Before 2015 there were no official funds to support artists and writers. The ministry of culture is planning to increase the budget for artists and writers salaries. With the higher budget, starting from January 2019, the amount of monthly paid salaries will increase from the level of the national average wage to a salary that equals 1.1 times the minimum wage of cultural workers with higher education. Furthermore, the number of artists and writers that can apply for this monthly income will from 2021 onwards be raised from 24 to 30 writers and artists.

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