We are very pleased to be part of AmCham and are looking forward to driving innovation forward in Latvia.
Mikko Fernström, General Manager, Biogen Latvia
In 2013, FICIL stressed the negative link between the required sustainable growth of productivity in the Latvian economy and the health of the workforce. The overall poor health of the population and unequal access to healthcare in the context of an ageing society is increasingly a barrier to growth and competitiveness. The incidence and dynamics of staff absenteeism with sickness and first-time disability, both at a high cost to businesses and the Latvian economy, are amongst the most direct indicators. In 2012, the State Social Security Agency reported 8 million registered days of sick leave. This may discourage potential employers who are considering to invest in Latvia.
FICIL clearly recognizes the future demographic challenges for Latvia. According to estimates, Latvia will have one of the highest proportions of elderly population as well as a high social dependency rate. The sustainability of the social security system and the success of pensionē system will very much depend on the health of the aging workforce.
To read the entire position paper click here.
AmCham works hard to accomplish its goals and is a voice in the business community that is heard.
Filips Klavins, Managing Partner at Ellex Klavins