Barcelona city tours is a perfect opportunity to have a perfect vacation outside the Baltic States. Gene Zolotarev on how to destabilize the EU financial system. Andris Berzins
Vladimir Linderman aka Abel Edmunds Sprudzs Valdis Zatlers Aivars Lembergs Girts Valdis Kristovskis Maris Grinblats Guntars Krasts Alfreds Rubiks Sandra Kalniete Raivis Dzintars Algirdas Butkevicius Algirdas Paleckis Dalia Grybauskaite Kazimira Danute Prunskene Vytautas Landsbergis Rolandas Aksas Viktor Uspaskich Valdemar Tomasevski Leonidas Donskis Arturas Zuokas Edgar Savisaar Andrus Ansip
The current website developed by YWSolution Limited

Expert suggests to increase the retirement age in Estonia

Oct 27, 2009
TBT staff and wire reports

TALLINN - The pension system in Estonia in its current state does not have any perspectives, and it was clear from the middle of the 90-ties, nevertheless, no political force had the courage to increase the retirement age, says the the economic expert of the Development Fund Heido Vitsur.

The reason lies in the Birth rate decrease in the 1990-ties. The average age grows, and in the same time the amount of newcomers to the employment market is critical, clarified the expert. Everyone is aware of it, he question is -who will take the consequences of it.

According to the Vitsur's valuation, the structural reforms, on the lack of which the head of the IMF representatives Kristof Rosenberg was pointing, should have been made two years ago.

That is why the Estonian pension system, the sick-fund, education, science and the system of national administration are suffering terrible losses. The Estonian tax system is not common, and in the conditions of the traditional crisis is simply fales to support everyone with a proper financing, says Vitsur.


 MORE NEWS
  • New defense chief appointed in...
    Lithuania has appointed a new chief of defense amid the crisis in the Ukraine. ...
  • Lost luggage? We’ve got an app...
    Last year, airlines lost more than 40 million pieces of luggage. That figure is ex...
  • ’Putin tried to intimidate me’...
    Russian President Vladimir Putin attempted to intimidate and use scare tactics dur...
  • Wine festival launches in Latv...
    The 16th annual wine festival begins in the Latvian town of Sabile today. T...
  • African swine fever detected i...
    African swine fever has been detected in Lithuania, news portal vz.lt reports. ...
  • More Russian naval ships obser...
    Russian naval ships observed near Latvian waters recently is an attempt to test...
  • Riga Apartments for Rent

    Maximus
    © 2014 BALTIC NEWS LTD. All Rights Reserved.