Maximus
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
  • VIDEO: Baltics must counter Ru...
    The Baltic states should counter Russian 'propaganda' with individual succ...
  • Russian troops moving towards ...
    There has been a build up of Russian troops towards the agreed ceasefire line in U...
  • Estonia backs plans for indepe...
    Estonia's government has backed plans to launch an independent Russian languag...
  • IN PICTURES: Heavy snow hits t...
    Heavy snow has landed in Estonia and Latvia today but not for long.  M...
  • Stoltenberg dismisses Kremlin’...
    Nato’s new secretary general Jens Stoltenberg has rejected the Kremlin&rs...
  • Egypt President Sisi hints at ...
    Egyptian President Abdel Fattah al-Sisi said Thursday that the possibility of g...
  • Riga Apartments for Rent

    Maximus
    © 2014 BALTIC NEWS LTD. All Rights Reserved.