aA
High youth unemployment might hamper Lithuania's plans to join the Organization for Economic Cooperation and Development (OECD), says the country's Labour Minister Algimanta Pabedinskienė.
Biuras
Biuras
© DELFI / Kiril Čachovskij

While youth unemployment has shrunk in Lithuania, to 15.3% last year, it is still well above the 10% level it was before the 2008 recession.

Moreover, youth employment in Lithuania, at 28.6%, is more than 10 points bellow the OECD average, 40%.

With ageing population and shrinking labour force, Minister Pabedinskienė insists that the state must work harder to include young people into the labour market.

Some of the measures she mentions are cutting the minimum wage for young people and raising the tax-exempt income share.

"An employment bill is currently making its way in parliament, I hope that the package will be adopted in the spring session," Pabedinskienė told LRT television. "Our target is to have youth unemployment below 10%, which I think is very realistic."

She adds that besides legislation, foreign investment and creation of new jobs will also help alleviate the problem.

"Unless we tackle the problems that the OECD keeps talking about, namely unemployment and social security, then the process [of membership] might be long," Pabedinskienė said.

|Populiariausi straipsniai ir video

Lithuania gives nod to relaunch flights to 3 more countries

The government on Wednesday gave the green light for airlines to relaunch regular flights from...

CEO of Kauno Tiltai detained as part of corruption probe (1)

Aldas Rusevicius , board chairman and CEO of construction company Kauno Tiltai , was on Tuesday...

Only 2 new coronavirus cases in Lithuania

On Tuesday, Lithuania has recorded only 2 new coronavirus cases in the country. Overall, there have...

Head of banking body released after being detained as part of corruption case

Mantas Zalatorius , president of the Association of Lithuanian Banks , who was on Tuesday detained...

Poland wants to follow 'Baltic bubble' example hopes to lift ban for neighbors to come soon

As the coronavirus situation is improving, Poland plans to "within the next weeks" to lift the ban...

Top news

CEO of Kauno Tiltai detained as part of corruption probe (1)

Aldas Rusevicius , board chairman and CEO of construction company Kauno Tiltai , was on Tuesday...

Lithuania gives nod to relaunch flights to 3 more countries

The government on Wednesday gave the green light for airlines to relaunch regular flights from...

Only 2 new coronavirus cases in Lithuania

On Tuesday, Lithuania has recorded only 2 new coronavirus cases in the country. Overall, there have...

Head of banking body released after being detained as part of corruption case

Mantas Zalatorius , president of the Association of Lithuanian Banks , who was on Tuesday detained...

Paysera has new vice president for development abroad

Starting June 1, Marius Pareščius , IT expert, businessman, and innovator, will be responsible for...

|Maža didelių žinių kaina