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LATVIA

LATVIA. Location. Eastern Europe, bordering the Baltic Sea, between Estonia and Lithuania. LATVIA. Full country name: Republic of Latvia Government type: parliamentary democrasy Area: 64,589 sq km

emerald-mcfadden
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LATVIA

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  1. LATVIA

  2. Location Eastern Europe, bordering the Baltic Sea, between Estonia and Lithuania LATVIA

  3. Full country name: Republic of Latvia Government type: parliamentary democrasy Area: 64,589 sq km Population: 2 290 237 (July 2005) Capital city: Riga (pop. approx. 867 700) Official language: Latvian Currency: Latvian Lat (LVL) Ethnic groups: Latvian 57,7%, Russian 29,6%, others 12,7% Religions: Lutheran, Roman Catholic, Russian Orthodox Independence Day: 18 November Most speaking languages: Russian, English, German General information LATVIA

  4. Latvian Labour Market Average unemployment rate is 4,8% (September 2007) • Unemployment rate • divided by regions: • Riga region 3,5% • Zemgale 4,6% • Vidzeme 4,6% • Latgale 9,4% • Kurzeme 4,5% • Labour force: 1.71 million (2006) • Labour force by occupation: agriculture 15%, industry 40%, services 45%

  5. Economy • MAIN SECTORS OF INDUSTRY • Wood processing • Food producing • Metalfabricating industry • Machine and ecquipment building plant • Light industry • Chemical industry • Production of electrical and optical equipment • Electric and heat power generating LATVIA

  6. Economy • Most prospective production sectors • Information technologies • Electronics and mechanical engineering • Chemical pharmaceutical industries • Wood processing • Food processing idustry • Textiles idustry • Construction • Tourism • Major trading partners: UK, Germany, Sweden, Lithuania, Estonia, Russia, Denmark, Finland, Poland, Belarus.

  7. Labour force shortages State Emplyment Agency information: • Qualified workers and craftsmen, • Sales and services workers, • Machine and equipement operators, assemblers, • Low skilled workers, • Security officers, drivers, sewers.

  8. Labour force shortages Different labour market surveys information: • Construction specialists, • Engineering and electrical engineering specialists, • Metal processing specialists, • IT specialists, • Technologists, • Pharmacology specialists, doctors, nurses • High qualified managers

  9. Prerequisites to find a job in Latvia - Emphasise your education and practical experience - Latvian employers value a good academic background, linguistic (Latvian and Russian or English) and computer skills – depends on profession - CV as a marketing tool, adapted to market - Often an application letter is replaced by less formal phone or e-mail contact - Driving licence is an advantage - Motivation and rediness to acquire new skills and experience

  10. Recognition of qualifications • Academic recognition is necessary if you: • want to study or to work in non-regulated profession in Latvia • Recognition of foreign professional qualifications is necessary if: • the profession is regulated in Latvia • you want to practice this profession in Latvia • Regulated professions in Latvia: • www.aic.lv/rec • WHERE TO GET INFORMATION? • ACADEMIC INFORMATION CENTRE • VALNU Str. 2, rooms 209, 210, RIGA, LV-1050 • TEL +371 7225155  • FAX +371 7221006 • e-mail: diplomi@aic.lv (academic recognition) • izglitiba@aic.lv (professional recognition) • www.aic.lv

  11. Looking for a job in Latvia • State Employment Agency, EURES - www.nva.gov.lv, www.nva.gov.lv/eures • Job ads in newspapers and on the internet – www.diena.lv, www.latvijasavize.lv, www.nra.lv, www.reklama.lv, www.cvmarket.lv, www.cv.lv, www.workingday.lv, www.cv.fonte.lv, www.edarbs.lv, www.vakance.lv, www.estudents.lv etc. • Private recruitment agencies • Personal contacts • Speculative applications to internationally oriented firms A minimal understanding of Latvian will make life a lot easier!

  12. Starting a Business in Latvia • Is allowed to carry out business activities • in the form of: • - a limited liability company • - a stock company • - a brunch of a company • Nature of Procedure: • Complete signatories’ cards and companies deeds, certify cards by a notary • Open a bank account and get a receipt of reference from the bank • Register at the Ministry of Justice, Register of Enterprises • Register with State Revenue Service (tax authority) for VAT • Register employees for mandatory state social insurance contribution with the State Revenue Service • Information: www.ur.gov.lv (Commercial Register), www.liaa.gov.lv (Latvian Investment and Developement Agency)

  13. Interviews are the most important part of the application procedure Most companies are very hierarhical in structure Communication in Latvian companies is top down Important business issues always need to be discussed in person Meetings in Latvia take place in a rather formal setting It is important to establish a general sense of mutual trust Most Latvian businesses are eager to adapt their processes to West European standards! Management culture

  14. Working conditions • WORKING HOURS – 40 h/ per week • ANNUAL LEAVE – 4 weeks (28 calendar days) • Employment contract: • Must be concluded in writing • Permanent, probation period 3 month • Temporary • INCOME TAX – 25% • SOCIAL INSURANCE TAX – 9%(9% - employee, 24.09% employer) • The main part of the employers are small companies • (staff of 20 – 50 people)

  15. Average monthly wages Minimum salary – 170 EUR/month (from 1st January 2008 – 227 EUR/month) 2nd quarter, 2007 Average gross wage553 EUR/month including: public sector – 659 EUR/month private sector – 503 EUR/month Divided by regions: Riga region – 591 EUR/month Vidzeme region – 431 EUR/month Kurzeme region – 471 EUR/month Zemgale region – 454 EUR/month Latgale region – 383 EUR/month

  16. Average monthly wagesdemanded sectors Manufacturing – 632 EUR/month Construction - 780 EUR/month Wholesale and retail trade – 437 EUR/month Transport – 619 EUR/month Hotels and catering – 432 EUR/month Health and social care – 576 EUR/month Public, social and individual services – 491 EUR/month Education – 494 EUR/month Transport and communications – 619 EUR/month Official statistical information: www.csb.gov.lv

  17. Taxation calculation Currency: 1 LVL = 0,7028 EUR

  18. Social insurance State Social Insurance Agency Provides social insurance services Responsible authority for E forms (301,303, 100...,200...,400...,600...) which content information about pensions and benefits Where to get information? International Services Department Address: Lacplesa str.70 a, Riga, LV-1011Telephone: +371 7013685 Fax: +371 7011813 www.vsaa.lv

  19. Health care Health Compulsory Insurance State Agency Responsible authority for E forms which content information about services EHIC (E 111), E 121, E112, E109, E 106... Where to get information? EU Relations Unit Baznicas street 25, Riga, LV – 1010 Tel. +371 7043700, +371 7043767 Fax +371 7043701 www.voava.lv

  20. Living conditions Prices of food in average Meat5 EUR/kg Chicken 4,50 EUR/kg Sausage 4 EUR/kg Cheese6 – 15 EUR/kg Milk0,80 EUR/l Black bread0,70 EUR/500g White bread0,50 EUR/300g Potatoes0,60 EUR/kg 10 eggs 0,80 EUR Beer0,70 – 2 EUR/0,5l) Mineral water0,60 EUR/1,5l Main course in the restaurants 10 – 30 EUR)

  21. Looking for accomodation • Real estate agencies • Personal contacts • Ads in the newspapers and on the internet • Average prices: • rent prices of flats in Riga vary from 200 EUR to 600 EUR/ month (depends on area), in Daugavpils 100 – 350 EUR/ month. • to buy a 2 rooms flat in Riga costs 1300 – 4000 EUR/ m², in Daugavpils 800 – 2000 EUR/ m² • Where to get information? • www.lanida.lv, www.latio.lv, www.rnf.lv, www.dzivoklis.lv, www.nekustamaisipasums.lv, www.hostellinglatvia.com • Sometimes foreigners can be overcharged!

  22. 10 reasons why foreigners should be interested to move to Latvia??? 1. Beautiful nature 2. Historical architecture and places 3. Blue cows 4. Good beer 5. Developed tourism 6. Climate stays tropical 7. Lots of millionaires 8. Best ice- hockey fans in world 9. Wonderful singing and dancing festival 10. Famous people often come to Latvia

  23. 10 reasons why foreigners should not be interested to move to Latvia??? 1. Expensive level of living 2. Quite low level of income 3. Greedy people 4. Bumpy roads 5. It's almost alwaysraining in the Midsummer night 6. Long queues in shops 7. Inexpensive higher education – quality in question 8. Lack of tolerance 9. Society is passive concerning political activities 10. Too lazy to think of 1 more reason

  24. EURES contacts www.nva.gov.lv/eures eures@nva.gov.lv • Rīga +371 7210189 • Daugavpils +371 54 35460 • Liepāja +371 34 29422 • Cēsis +371 41 27769 • Rēzekne +371 46 07807

  25. Welcome Thank you for attention!

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