Engage In Baltics

Table of Contents

About Baltics

Capital City

Tallinn, Riga and Vilnius

Population

As of March 2024, the estimated population of the Baltics is 1.4 million.

Currency

The currency in the Baltics is the Euro (EUR). The currency symbol is €.

Exchange Rate Calculator

USD

Overview

The Baltics, also known as the Baltic states, refer to three countries in northeastern Europe: Estonia, Latvia, and Lithuania. Situated on the eastern shores of the Baltic Sea, these nations share common historical and geographical ties. The region’s history has been shaped by its strategic location and the influence of neighboring powers. After gaining independence from the Russian Empire in the aftermath of World War I, the Baltic states experienced a period of sovereignty until the outbreak of World War II. The Soviet Union then occupied them, then Nazi Germany, and again by the Soviet Union until 1991 when they finally regained their independence. Estonia, Latvia, and Lithuania are recognized as sovereign nations and are members of international organizations such as NATO, the European Union, and the OECD. These Baltic countries have developed high-income economies, boasting a high Human Development Index. They cooperate closely in various fields, including foreign policy, defense, energy, and transportation. The region’s distinct cultural heritage, characterized by a blend of Baltic, Finnish, and German influences, further enriches the Baltics’ unique identity.

Employment Relationship

Permanent Employment

Fixed-Term or Specific-Purpose Contracts

Temporary Employment Contratcs

Probationary Period

Working Hours

Holidays / PTO

Statutory Holidays

Paid Annual Leave

Sick Leave

Maternity Leave

Paternity Leave

Termination of Employment

Notice Period

Severance Benefits

Social Security

Pension

Dependents/Survivors Benefit

Invalidity Benefit

Taxation of Compensation and Benefits

Personal Income Tax

Immigration

Types of Visas

Work Permit

I'm ready to hire in Baltics

Get in touch!

Contact us for a free consultation

By submitting this form, you acknowledge that you have read our Privacy policy